Business Control Executive - Strategic Technology Enablement & Integration at Bank of America

Jersey City, New Jersey, United States -

Full Time

Start Date

Immediate

Expiry Date

03 Apr, 26

Salary

250000.0

Posted On

03 Jan, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Business Controls, Risk Management, Stakeholder Management, Strategy Planning, Continuous Improvement, Problem Solving, Operational Excellence, Data Analysis, Decision Making, Creative Problem Solving, Influence, Talent Development, Oral Communications, Governance, Automation Standards

Industry

Banking

Description

Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Summary: This job is responsible for leading a function dedicated to designing a strategy to drive internal control discipline and operational excellence within a Line of Business (LOB) or Enterprise Control Function (ECF). Key responsibilities include ensuring capabilities are in place to drive the day-to-day execution of the Operational Risk Management Framework, including the implementation of LOB and ECF specific processes and tools to drive adherence to enterprise-wide standards. Job expectations include providing oversight and establishing effective quality assurance and control processes. This job is responsible for partnering with senior technology leadership and enterprise teammates to address complex, cross business opportunities, simplifying and streamlining the speed to execution while balancing risk management. The role focuses on governance, problem-solving, and alignment for enterprise-wide priorities, particularly those involving emerging technologies, operational excellence and efficiency, and business enablement. This role serves as an integrator, driving clarity and decision-making across organizational boundaries. A typical project might be looking at the process around approvals for an AI investment and ensuring the end-to-end process is efficiently organized while still protecting the bank. It will involve organizations outside of Global Technology. Responsibilities: Serves as a strategic partner to senior leaders across technology, and the Global Technology Business Management & Controls executive to identify and address cross functional technology and operational opportunities Establishes or recommends changes to governance and decision frameworks for key global technology priorities that extend beyond formal programs or initiatives Drives problem-solving and decision alignment across Technology and enterprise on emerging areas such as emerging technologies, automation standards and others Provides visibility into enterprise-wide technology themes, risks, and opportunities to enable informed executive decisions and makes and executes recommendations for improvement Provide structured analysis and executive ready materials that distill complex issues into concise recommendations for senior leadership; delivers senior level updates and materials on themes, plans, and results Orchestrates and drives the successful and timely completion of priorities to achieve business goals, including the identification and resolution of risks and issues which impact delivery Directs and manages governance & risk related processes for one or more complex business groups Required Qualifications: 10+ years of experience in business controls, risk management or a related field 5+ years experience in financial services Proven experience and in-depth knowledge of end to end Process Management including how Single Process Inventory (SPI) works Ability to bring multiple stakeholders together, synthesize information to understand root cause of issues and drive change Ability to influence across the enterprise with minimal guidance (after the onboarding is complete) Strong knowledge and understanding of the Enterprise Risk Framework Exceptional written and verbal communication skills to deliver insights and recommendations to senior management Proven ability to take action on complex, technical or sensitive topics with broad impact Creative problem-solving skills, strong thought leadership / Operational Excellence mindset in understanding, improving and controlling processes and tools Exceptional at fostering teamwork and collaboration with all levels; works among diverse viewpoints to determine the best path forward Good sense of judgment, knows when to escalate and how to manage expectations Desired Qualifications: Bachelor’s degree preferred Previous experience driving and executing technology enablement and/or large scale transformation enterprise wide project initiatives Skills: Controls Management Oral Communications Risk Management Stakeholder Management Strategy Planning and Development Continuous Improvement Drives Engagement Influence Strategic Thinking Talent Development Data and Trend Analysis Decision Making Problem Solving Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - NJ - Jersey City - 101 Hudson St - 101 Hudson (NJ2101), US - NJ - Pennington - 1500 American Blvd - Hopewell Bldg 5 (NJ2150) Pay and benefits information Pay range $175,000.00 - $250,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure. Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity. Getting started Regardless of the position you are interested in, the starting points to building your resume are the same: 1. Determine the job or types of jobs you want to do and research their responsibilities and qualifications. 2. Think about why you can do the job and make a list of your skills that are relative to the job. 3. Identify experiences or accomplishments that show your proficiency in the skills required for the job. 4. Summarize your abilities, accomplishments and skills into a brief, concise document. Considerations when writing a resume • Do be brief. Resumes should be 1-2 pages in length. • Do be upbeat and active in your wording. • Do emphasize what you have done clearly and concretely. • Do be neat and well organized. • Do have others proofread and critique your resume. Spell check. Make it error free. • Do use high quality, white or light colored 8½ x 11 paper. Use a laser printer if possible. • Don't be dishonest, always tell the truth about yourself in the most flattering light. • Don't include salary history or requirements. • Don't include references. • Don't include accomplishments that do not support your professional goals. • Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.) • Don't use italics, underlining, shadows or other fancy treatments. Seven steps to a successful interview 1. Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview? 2. Research –What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available? 3. Assess –Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight. 4. Prepare Answers –Think about what the interviewer may ask, determine what the best answer is and write it down. 5. Prepare Questions – Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks. 6. Practice – It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease. 7. Follow-up – Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage. Pay Transparency - https://careers.bankofamerica.com/en-us/pay-transparency Privacy Statement - https://careers.bankofamerica.com/en-us/privacy-notice

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Responsibilities

This role is responsible for leading a function dedicated to designing a strategy for internal control discipline and operational excellence. Key responsibilities include ensuring capabilities for the Operational Risk Management Framework and partnering with senior technology leadership to address complex opportunities.