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Risk Management Sr Officer

Bank of America | Charlotte NC 28255 USA | Full Time | Posted: 08/23/2019

Job Descriptiontop

Job Description:

The Strategy and Control Initiatives (SCI) team within Financial Controls Oversight (FCO) is responsible for design, development and implementation of various elements of the control framework within the Chief Financial Officer (CFO) organization. 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 all CFO teams, as well as Risk and Control Partners including Model Risk Management, Global Technology & Operations, Global Information Security, CFO Risk, Compliance and Audit.

Scope of Responsibilities:

  • Ensuring that a robust proactive quality assurance framework is established to consistently identify, assess and mitigate risk.
  • Lead the design, implementation and management of control initiatives across the CFO organization (~5,000 employees)
  • Interpret Policy requirements and the impact to CFO
  • Design action plans, controls, and governance and oversight routines
  • Lead execution and implementation of sustainability controls
  • Serve as liaison with Control Partners in Operational Risk, Compliance, Corporate Audit and CFO leaders to influence and deliver solutions on multiple high profile projects
  • Drive internal issue escalation routines (self-identification, assessment and effective mitigation plans)
  • Report status, issues, challenges and progress to Senior Management
  • Actively seek opportunities to simplify and improve current control processes through use of automation, emerging technologies and process challenge and redesign.

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 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 19026127

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