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LOB Controls Oversight - Risk Management Sr Officer

Bank of America | Charlotte NC 28255 USA | Full Time | Posted: 09/17/2019

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Job Description:

LOB Controls Oversight is responsible for the finance control framework, operating in both an advisory and oversight capacity. Primarily a project-oriented team, with a dynamic portfolio of initiatives and programs designed to evaluate and mitigate financial and operational risk in an evolving regulatory climate. With a global scope, the team works in close partnership with Front Line Unit Finance, Legal Entity and Corporate Controllers, Global Reconciliation Governance, Regulatory Reporting, Operations, Risk and Audit (internal and external).

Scope of Responsibilities:

  • Ensuring that a robust proactive quality assurance framework is established for the Finance organization to identify, assess and mitigate risk.
  • Identifying and employing appropriate metrics and enhancing existing metric reporting to be more predictive in nature and create an objective basis for management conclusions around the health of internal processes.
  • Driving consistent view of risks, gaps and necessary mitigation actions resulting from quality assurance activities by partnering with key Finance stakeholders as well as counterparts in Operational Risk, Compliance, Corporate Audit and others.
  • Leading and performing various monthly and quarterly control routines - e.g. month end close monitoring, attestations, issues management, etc.
  • Providing support to critical Business Continuity Planning (BCP) function, which includes coordination of program deliverables, testing, event preparation and recovery planning, etc.
  • Developing guidance, if needed, and facilitating execution of ad hoc projects and initiatives.

Knowledge, Skills and Key Leadership Characteristics:

  • Bachelor's Degree
  • 5+ years of relevant governance, risk, control experience, specifically in areas of Accounting and/or Finance in a large, fast-paced, results-oriented company with a demonstrated history of success.
  • Effective partnering skills enabling navigation of the complexities associated with aligning stakeholders, building consensus and resolving conflicts; proven ability to influence peers/stakeholders and representatives across multiple groups.
  • Ability to communicate complex ideas in a clear and concise manner, influencing the opinions and actions of key stakeholders and gaining their trust; experience in effectively interacting with senior management.
  • Highly developed project-management skills; ability to handle multiple priorities in a fast paced environment.
  • Strong decision-making qualities; proven ability to lead and develop others.

About the Financial Control Oversight Group (FCO)

FCO has firm-wide responsibility for ensuring appropriateness of externally reported financial information. The group works closely with several internal control functions within the Business and Finance Organizations, Operational Risk, Compliance, Corporate Audit and the Company’s external Auditors. Key responsibilities of the group include:

  • Enterprise-wide Internal Control over Financial Reporting: Managing Sarbanes-Oxley 404 Compliance, Disclosure Controls and Procedures (DCP) and FDICIA Compliance.
  • Operational Risk Management for Finance: Operational Risk Reporting, Key Risk Indicators, Business Continuity, Records Management, etc.
  • Enterprise-wide Reconciliations: Governance over account reconciliations and firmed-owned bank accounts
  • Finance Quality Assurance: Process Risk Assessment, QA metrics/scorecards, RCSA, Spreadsheet Compliance and Model Risk Management.

This position is posted as a Risk Management Senior Officer but is flexible to be filled as a Risk Management Senior Specialist if the posted qualifications are met by a strong Risk Management Senior Specialist level applicant.


1st shift (United States of America)

Hours Per Week:


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Location Charlotte, NC, 28255, United States
Categories Quality Assurance/Safety

Location Maptop

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Job Code 19013117

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