Job Description: About Bank of America Merrill Lynch:
Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.
Connecting Asia Pacific to the World Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region's leading financial services companies. Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion.
Position Description The Global Technology & Operations Business Control Specialist will have responsibility for identifying risks which could affect operations within the Bank, driving the capabilities required to implement effective and consistent mitigation efforts within Anti Money Laundering (AML). In addition, this role will serve as a trusted advisor to the team, delivering outstanding results and client satisfaction regarding risks. The role requires the individual to be an analytic, decisive, results-oriented leader with technical and risk process management skills.
Develops deeper knowledge of business being supported and continuity as the Single Point of Contact (SPOC)
Manages overall relationship with Core Function team to broaden influence and knowledge share, and assist in influencing decision making
Acts as the 'quarterback' for all risk deliverables and activities ensuring appropriate escalation which includes partnering with risk partners (Compliance, Audit, Ops Risk) to ensure comprehensive risk oversight and perspective
Provide issues management oversight to include QC of issues
Oversee audits and regulatory exams impacting AML, coordinating AML deliverables
Translate business needs into technical requirements and ensure all systems support/conform to business needs and specifications.
Develop use cases, test strategies/plans, review test scripts, and perform user testing as necessary.
Resolve defects in co-ordination with the development team.
Identify and mitigate risks that will potentially delay or stop achievement of business objectives.
Ensures that knowledge capital is communicated and leveraged across the organization
Drives the overall efficiency and effectiveness of risk deliverables to meet expected outcomes
Provides guidance in the formulation and implementation of risk management policies, procedures and standards
Assist with coordination of input into Key Risk Routines
Ensure remediation controls to close gaps are complete and remediation plans are synchronized across Tools (i.e. STORM, eIMS)
Accountable for Audit & regulatory engagement and outcomes within AML
Consistently manages expectations, ensures delivery of the highest quality service and accuracy; solicits and acts upon feedback expeditiously
5+ years' experience with Risk Management, risk framework and/or Compliance
Must have strong relationship management skills with the desire and ability to drive risk and operational management.
Solid organizational and excellent communication skills (verbal and written) with 5+ years presentation/writing skills.
Ability to accurately and concisely explain and present risk and facilitate meetings with senior management
Ability to multi-task, plan and function in a self-directed environment.
Must be able to work in a matrixed organization as well as manage interactions as all levels.
Ability to handle multiple competing priorities in a fast-paced environment
Knowledge of industry policy and standards
Bank of America Merrill Lynch is an equal opportunities employer.