Bank of America Corporation
Bank of America
Compliance Program Oversight Specialist
Charlotte, NC, 28230, USA
The Compliance Program Oversight Specialist is responsible for participating in quality control reviews, under the direction of Compliance Program Oversight Executives and Managers, as defined in the Quality Control (QC) Strategy. The Compliance Program Oversight Specialist Supports the Compliance Program Oversight team in conducting end-to-end quality control reviews of the Compliance Risk Management (CRM) function to evaluate the execution of the Global Compliance Enterprise Policy requirements. The Specialists assists in reviewing the integration of all elements of the Policy, span of coverage, completeness and quality of execution and the implementation of an adequate control environment, defined as follows:
Identification of processes and related risks and controls.
Determination of applicable regulatory requirements related to activities.
Adoption of processes and controls to comply with applicable laws, rules and regulations and their impact on relevant processes.
Implementation and active management of procedures and controls to reflect policy requirements.
Measurement, monitoring and reporting on the effectiveness of the control environment.
Oversight of the mitigation of risks and remediation control gaps.
Specific responsibilities may include:
Participate in periodic reviews across Global Compliance and drive the publication of findings to promote consistent and effective execution of the Global Compliance Enterprise Policy and CRM Program.
Create high quality reports and summaries of issues, mitigation plans and ensure appropriate escalations are delivered and approved.
Understand Policy requirements, key performance drivers, business trends, and regulatory changes that define successful compliance risk management to a program oversight team.
Contribute to QC reviews in accordance with the quality control Review Program procedures and Annual QC Plan.
Gather data to formulate observations, findings and overall review ratings based on analysis and aggregation of QC Test Script results.
Create QC review deliverables as prescribed by internal processes and procedures.
Produce supporting documentation (e.g. work papers) for review by Corporate Audit and External Examiners.
**Specific responsibilities may include:**
Participate in periodic reviews across Global Compliance and drive the publication of findings to promote consistent and effective execution of the Global Compliance Enterprise Policy and CRM Program
Create high quality reports and summaries of issues, mitigation plans and ensure appropriate escalations are delivered and approved
Understand Policy requirements, key performance drivers, business trends, and regulatory changes that define successful compliance risk management to a program oversight team
Contribute to QC reviews in accordance with the quality control Review Program procedures and Annual QC Plan
Gather data to formulate observations, findings and overall review ratings based on analysis and aggregation of QC Test Script results
Create QC review deliverables as prescribed by internal processes and procedures
Produce supporting documentation (e.g. work papers) for review by Corporate Audit and External Examiners
Financial Service, audit or other quality assurance, or other process control function
5 years experience with an Audit, Legal, Operational Risk Testing or Compliance Testing background
Audit background and experience is most ideal
Analytical mindset with logical thought process
Bachelor's degree or equivalent
5 years business functional experience
TQM (Total Quality Manager)
CFE(Certified Fraud Examiner)
CIA (Certified Internal Auditor)
CISA (Certified Information Systems Auditor)
CPA (Certified Public Accountant)
Six Sigma Greenbelt
Six Sigma Black Belt
Six Sigma Master Black Belt
CCEP (Compliance & Ethics Professional)
CBMP (Certified Business Process Management Professional)
**Posting Date** : 01/25/2018
Charlotte, NC, ONE BANK OF AMERICA CENTER, 150 N COLLEGE ST,
- United States
**Travel** : No
**Full / Part-time** : Full time
**Hours Per Week** : 40
**Shift** : 1st shift
**Assistance for Applicants with Disabilities**
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**Diversity & Inclusion**
At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
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Bank of America Corporation
Website : http://www.bankofamerica.com
Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. The companys Consumer & Business Banking segment offers traditional and money market savings accounts, CDs and IRAs, checking accounts, and investment accounts and products, as well as credit and debit cards; and lending related products and services, working capital management, and treasury solutions. This segment provides its products and services through operating 5,100 banking centers, 16,300 ATMs, call centers, and online and mobile banking platforms. Its Consumer Real Estate Services segment offers consumer real estate products comprising fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans. The companys Global Wealth & Investment Management segment provides investment and brokerage, estate and financial planning, fiduciary portfolio management, cash and liability management, and specialty asset management services; and retirement and benefit plan, philanthropic management, and asset management services. Its Global Banking segment provides various commercial loans, leases, commitment facilities, trade finance, real estate and asset-based loans, and consumer loans; treasury management, foreign exchange, and short-term investing options; and debt and equity underwriting and distribution, and merger-related and other advisory services. The companys Global Markets segment offers sales and trading services for securities and derivative products in primary and secondary markets; market-making, financing, securities clearing, settlement, and custody services to institutional investor clients; and risk management products. The company was founded in 1874 and is based in Charlotte, North Carolina.