Business Control Job Description

Business Control Job Description

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Business control provides guidance and counsel to the Retail / Wholesale Risk staff to ensure effective risk and control processes and practices that are in compliance with Bank and regulatory requirements.

Business Control Duties & Responsibilities

To write an effective business control job description, begin by listing detailed duties, responsibilities and expectations. We have included business control job description templates that you can modify and use.

Sample responsibilities for this position include:

Ensures compliance with relevant regulations internal and external policies and procedures
Consolidation of daily/weekly/monthly Securitized Products reports
Management reporting of various metrics including Front Office/Back Office break trends, Structured Trade Reviews, EITF, and P&L completion times
Ensure all source feed processes and quality assurance checks are completed by off shore production team
Ensure follow up with owners and necessary adjustments are performed by production team to resolve breaks
Support on all reconciliation queries
Assist in reviewing head office break templates prepared by the production team
Participation on daily production calls with the offshore team during production cycle and assist the US lead and offshore team on critical production issues
Work with the off-shore team, Regional and Global RWA teams on RWA queries and issues on resolutions
Support the US lead and team with ad hoc projects and deliverables

Business Control Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Business Control

List any licenses or certifications required by the position: CISSP, CISA, ACAMS, CISM, CRISC, PMP, CAMS, PMI, CPA, ORM

Education for Business Control

Typically a job would require a certain level of education.

Employers hiring for the business control job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Business, Accounting, Economics, Education, Management, Technical, Business/Administration, Computer Science, Statistics

Skills for Business Control

Desired skills for business control include:

Financial services sector
Particularly with the competitive dynamics and products in retail banking and risk management
Regulations
Relevant regulatory compliance
Industry regulations and regulatory data sources
Microsoft Excel
Processes and Procedures:
Risk Management Policies
Word
Changes to the regulatory environment to ensure proper compliance with processes and requirements are followed

Desired experience for business control includes:

Validation of the trade details of all trading positions
Various involvement with strategic and continuous improvement projects initiatives to continuously improve daily functions and systems/ applications
Ensure strong controls are in operation and assist the on shore and offshore teams in the resolution of control issues identified
Support IHC/FinRep/CoRep reporting
Assist on all audit requests, internal and external
At least 2 years experience in Accounting and Finance

Business Control Examples

1

Business Control Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of business control. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for business control
  • Supervise the operation of business controls to meet regulatory requirements
  • Efficiently keep the business compliant with regulatory controls
  • Assuring quality of Deutsche Wealth Management KCP policies and procedures and alignment with group policies
  • Support control implementation and oversee control execution, Written Supervisory Procedures (WSPs), Compliance Control Framework, Fraud and Bribery assessment, internal/external Audit issues
  • Assess the effectiveness of executed controls (WSPs) by supervisors
  • Introduce new controls and control improvements
  • Analyze management information (MI) on controls jointly with the business
  • Coordinates Know Your Client (KYC) processes between business and Group Technology and Operations (GTO) onboarding teams, ensuring all documents are correct and filed and stored appropriately
  • Undertakes tasks as required to ensure performance is sustained against agreed Service Level Agreements (SLAs), Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs)
  • Act as point of contact for Internal and External Audit Teams the Central Bank in relation to Risk and Governance audits
Qualifications for business control
  • Assess the adequacy of controls and their ongoing effectiveness
  • Provide guidance and coaching to associates with the usage of risk tools and processes
  • Conduct or support peer review and audit when required
  • Coordinate or collaborate on meeting routines, reports and monitoring of operational losses and control performance, tracking and reporting compliance to required standards, and related risk management routines
  • Manage cross functional projects by driving communication and coordination across multiple divisions to ensure the timely completion of objectives and the seamless execution of project plans
  • Good knowledge or previous experience in investment banking or Wealth Management
2

Business Control Job Description

Job Description Example
Our company is looking to fill the role of business control. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for business control
  • Taking active part in the development of business processes and procedures, methods, information and systems strategies and action plans in order to improve business performance and company profitability
  • Discount management and price planning
  • Develop and implement customer & distributor pricing strategies
  • Analysis of results on segment, product and customer level, with recommendations for action to local management team
  • Develop & ensure efficiencies as it relates to pricing processes
  • Coordinate and implement pricing routines given by Sales Area America (SAA) and Coromant global pricing
  • Report price results to SAA and parent company
  • Ensure local coordination / implementation of all strategic and cross-border customer programs in Canada, including “data collections” for strategic and cross-border customers
  • Understand competitor’s prices as it relates to the local market
  • Support local campaigns with price simulations and discount analysis
Qualifications for business control
  • Where gaps have been identified, you would provide suggestions on how they can be closed
  • As one of the experienced members of the team, you are responsible to guide the junior business controllers
  • Minimum 5 years’ experience in Controlling positions in an international environment
  • Collaborate with a diverse range of stakeholders from sales, marketing, finance, legal, procurement, IT
  • Implement annual discount policy changes to distributors including calculations and feedback about quarterly discounts
  • Competitive Quotes and others for all type of customers
3

Business Control Job Description

Job Description Example
Our company is searching for experienced candidates for the position of business control. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for business control
  • Strong communication skills will be needed to synthesize technical content to senior level management
  • Proactive and diligent and able to partner with other teams to resolve issues where necessary
  • Self motivated, and able to identify solutions to issues
  • Confident to question the status quo/ existing control framework
  • Degree qualified (or similar qualification)
  • Serve on different functional and cross-functional committees
  • Business support to GTA&JV management management and participation in different projects
  • Support development and execution of plans to achieve the operational risk management goals of the Chief Operating Officer and/or Head of BRCM
  • Manage fraud risk assessments
  • Promote operational risk awareness
Qualifications for business control
  • Quantitative, analytical skills with ability to manage multiple projects
  • Availability to travel if required, nationally and internationally
  • Manage BRCM personnel
  • Direct the identification of compliance risks and associated controls
  • Manage fiduciary risk and control assessments
  • Manage operational risks and controls associated with introduction, modification, and expansion of a product or service
4

Business Control Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of business control. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for business control
  • Participate in the Risk Control and Self-Assessment (RCSA) process, including development of risk assessment matrices and execution of required Control testing
  • Review internal controls and procedures to ensure that business activities (new and existing) conform to established business unit guidelines and identify control gaps and opportunities for improvement
  • Plan and perform internal reviews of procedures and controls residing within various product and business areas to ensure the business is adequately prepared for all audits, compliance exams, and regulatory inquiries
  • Report risk management issues and internal control deficiencies identified to Business Control Unit Manager and ensure that issues and corrective action plans are posted to OpenPages system
  • Regulatory Rule Implementation – Work with Investment Solutions Legal and Compliance teams to interpret regulatory rules impacting Investment Solutions and implement appropriate controls and policies ensuring the Division operates in accordance with industry regulatory standards and within the Firm’s risk guidelines
  • Front-to-Back Analysis - Analyze the businesses products and practices to ensure compliance with current industry regulatory standards and best practices
  • Assist senior members of the team in various firm committees, including meeting preparation, data analysis and product reviews
  • Conduct controls testing and complete testing workpapers in accordance with firm and professional auditing standards
  • Review of existing Business Practices (Operational, Sales & Marketing, ) to determine whether enhancements/changes are needed
  • Ensure that operational risk incidents are properly posted to and processed through the Risk Incident Tracking Application (ReCap)
Qualifications for business control
  • Proficiency in MS Office, advanced skills with Excel
  • Experience with CRM/ERP systems is an asset
  • Experience of Automotive industry preferred but not essential
  • Series 7 & 66 licensing preferred or ability to obtain within 120 days
  • CPA/CISA/CIA preferred
  • Thorough understanding of Investment Solutions products including mutual funds, closed-end funds, unit investment trusts, 529 plans, alternative investments, fixed income and equities
5

Business Control Job Description

Job Description Example
Our innovative and growing company is looking for a business control. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for business control
  • Developing robust relationships with project leaders in order to influence, challenge and support financial control related strategy and practices
  • Contributing to a wide variety of projects and development initiatives
  • Weekly/monthly documentation preparation/action tracking and secretariat duties
  • Support to and leadership on behalf of the Head of BD&C, achieving robust governance by facilitating and ensuring the smooth running of the EMEA governance framework This will involve deputising for the Head of BD&C on occasion at various forums
  • Providing support and guidance, act as critical point of contact for the broader Barclays Group on matters related to BD&C
  • Drive the implementation of critical initiatives for the EMEA business, working with all key stakeholders to ensure effective implementation and embedding of initiatives
  • Drive cost and efficiency improvements, and support implementation of the broader Barclays Group agenda across PB EMEA to maximise the value / returns to shareholders
  • Support the day-to-day management of the strategic BD&C priorities
  • Co-ordinate and manage BD&C liaison with the appropriate infrastructure and Transformation teams and with the wider group stakeholders, ensuring effective implementation and embedding of new projects and change initiatives that will land across the business
  • Drive consistency of processes and ensure that all platforms have a consistent approach to business delivery, risk and control
Qualifications for business control
  • Understanding policies, procedures, and practices in the industry, with a focus on regulatory rules and compliance
  • Strong understanding of Compliance and Audit practices
  • Ability to work independently, promote teamwork and demonstrate sound reasoning and judgment
  • Understanding of Investment Solutions products including mutual funds, closed-end funds, unit investment trusts, 529 plans, alternative investments, traditional fixed income and equities
  • Strong knowledge of operating policies, procedures and
  • Collaborate with GBAM Technology divisions, Risk Leads, and process owners to monitor and assess risks and related control gaps

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