Business Control Specialist Job Description

Business Control Specialist Job Description

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Business control specialist provides guidance to Risk Owners and Control Owners in adhering to the ORMF (Operational Risk Management Framework) and operational risk policies.

Business Control Specialist Duties & Responsibilities

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

Sample responsibilities for this position include:

Provide content input on policies, standards, procedures and other program documentation
Collaborates with CIT testing and data leads to evaluate sampling practices and identify deviations from the published enterprise standards
Advanced skills in MS Word, Excel, PowerPoint and Visio
Proficient computer/software skills - Intermediate with Microsoft Word, Excel, Power Point, Outlook, ( Must have Pivot table experience)
Liaisons with other functions - foster and manage productiverelationships with Operations, Compliance, Operational Risk, Legal and InternalAudit
Assists senior management in installing proactive sampling controls surrounding test data and sampling
Provides support to other CIT activities initiatives within the Enterprise Independent Testing organization
Facilitate the process, tools to support the KPI production
Responsible for annual testing of ACH Third Party Senders (TPS)
Works with Product Management as necessary to maintain and/or update test procedures, employee job aids, and online help site housed on SharePoint

Business Control Specialist Qualifications

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

Licensing or Certifications for Business Control Specialist

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

Education for Business Control Specialist

Typically a job would require a certain level of education.

Employers hiring for the business control specialist job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Business, Technical, Finance, Economics, Management, Engineering, Accounting, Marketing, Associates, Business/Administration

Skills for Business Control Specialist

Desired skills for business control specialist include:

Word
Microsoft Excel
Policies
Power-Point with dual screens
Risk management/risk framework
General bank policies
Ability to identify
Debate risk
Escalate
Standards

Desired experience for business control specialist includes:

Confident self starter and self motivator with ability to speak to and lead across all levels of management in addition to external clients
3 to 5 years of analysis in an operational setting
Degree level or higher in a Finance related field, preferable
Knowledge in banking operations a must
Confident self starter and self motivator with ability to speak to and lead across all levels of management to external clients
High degree of proficiency in Microsoft Office applications

Business Control Specialist Examples

1

Business Control Specialist Job Description

Job Description Example
Our company is searching for experienced candidates for the position of business control specialist. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for business control specialist
  • Knowledge of Home Loans products, systems and data
  • Management and execution of deliverables related to Exams and Audits within the Third Party space
  • Receives sourcing requests electronically and then clarifies information with the business owner
  • Works with Category management to validate subcategory and category strategy alignment
  • Conducts Ariba research to determine subcategory and path
  • Manage deliverables and documentation in mySource
  • Conducts Process Adherence, Quality Assurance (QA)
  • Monitor key data inputs to identify emerging risks
  • Conducting Independent Price Verification reviews, balance sheet substantiation and monthly IFRS/HGB disclosure submissions RWA reviews
  • Develop design requirements for key components of the plan, source or manage phases of the global procurement process
Qualifications for business control specialist
  • Ability to use LexisNexis and/or other research tools as necessary
  • Provide guidance and coaching to GMT associates with the usage of risk tools and processes (CMS, RCSA)
  • Collaborate with GBAM Technology divisions, Risk Leads, and process owners to monitor and assess operational loss events and related control gaps
  • Assist business and process owners with assessing compliance to control requirements, self-assessing control design and performance, and inspecting evidence of control design and operation
  • Provide guidance and coaching to partners on the usage of risk tools and processes (ORCIT, CMS, RCSA)
  • Identify opportunities for enhancing or streamlining execution of risk management processes
2

Business Control Specialist Job Description

Job Description Example
Our company is looking for a business control specialist. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for business control specialist
  • Perform data analytics and make informed recommendations and/or decisions
  • Partner with Ariba team, project team and Procurement to enable best practice business processes
  • Support development of business requirements for technology solutions to enhance and automate processes
  • Enhance end to end program requirements and process
  • Focusing on controlling the CRE business
  • Detailed complaint reviews for opportunities to improve the process
  • Monthly complaint deliverables ensuring compliance with the Consumer Complaint Standard
  • Procedure updates and communication related to complaint updates
  • Quality Control for resolution of complaints requiring action
  • Own required coaching loopback for complaint quality and complaint capture defects to comply with Complaint Standard
Qualifications for business control specialist
  • University degree in business administration or management engineering
  • Three - Five years of previous experience in consulting firms or within the internal control Department of big and structured multinational Companies (luxury market will be considered a plus)
  • Ensuring that the regional governance model operates as designed including regional governance meetings with key stakeholders, the provision of metrics and reporting, follow up on incidents and issues
  • Ability to work within a team environment with aggressive deadlines
  • 2 years + experience with Mortgage Servicing execution
  • Mortgage servicing or origination knowledge
3

Business Control Specialist Job Description

Job Description Example
Our company is looking to fill the role of business control specialist. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for business control specialist
  • Assist the line of business with development of control policies and procedures
  • Assist the line of business with enhancements of process control standards and procedures
  • Partnership with QA to facilitate monitoring of appropriate complaint capture, leveraging that data to work with LOB to ensure continued compliance with the 75% capture rate (multiple routines of reporting and messaging when there are gaps in performance
  • Participate in policy review and deployment activities across TFS&O, working jointly with Compliance and the divisions on the review and implementation of changes
  • Drive creation of Laws/Rules/Regulation alignment process for the PRC inventory in conjunction with FLU & Compliance
  • Support Quality & FLU teams in design of controls process
  • Drive issue identification and management activities across Global Treasury Fulfillment Service & Operations
  • Ensure issues are identified, managed effectively and remediated including the identification and escalation of issues within TFS&O, leading remediation of select issues across TFS&O Operations
  • Drive risk management governance and routines for the TFS&O organization
  • Provide consistent and effective Anti-Money Laundering (AML) Enterprise Process Oversight (EPO) analytics and reporting capabilities which encourages a risk mindset culture and enterprise transparency
Qualifications for business control specialist
  • Ability to multi task, work with short deadlines and perform
  • University Degree in Computer Science, Information Systems, Engineering, Science or equivalent Application development experience
  • 7+ years of practical experience with using a wide variety of programming languages
  • Knowledge in advanced multi-threading, asynchronous communication programming
  • Hands on experience in designing and developing applications using Java EE/.Net platforms
  • Profound insight of Java, .Net and JEE internals (Classloading, Memory Management, Transaction management, Java enterprise application ecosystem )
4

Business Control Specialist Job Description

Job Description Example
Our growing company is looking to fill the role of business control specialist. 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 specialist
  • Support report creation, distribution, and ongoing improvement in tools such as MS Excel, SharePoint Designer, MS PowerPoint and other Business Intelligence tools
  • May work closely with key EPO partners, requiring the individual to be an analytic, decisive, results-oriented leader with technical skills, delivering outstanding results and client satisfaction regarding reporting
  • Work with analytics groups across the organization in defining requirements, developing and implementing reports, and supporting ongoing maintenance testing and validation of reporting systems as required
  • Partner with AML EPO Issues team to interpret and apply thematics in support of the issues management process
  • Perform research related to small business sales activities
  • Provide Subject Matter Expertise to partners across Small Business Sales
  • Optimize current Third Party contract templates in preparation for Ariba Cloud deployment
  • Support the ongoing specialized contract template processes
  • Effective communication of contract template changes to key stakeholders
  • Throughout the tenure of this role the teammate should gain exposure and acumen related to Third Party oversight and controls practices
Qualifications for business control specialist
  • Experience with complex data relationships and operating environments
  • Proven ability to prioritize multiple work assignments
  • Proven problem solving and analysis abilities
  • Willingness to accept responsibility for delivering solutions to complex issues
  • Experience with Tomcat, Web sphere Application Server or similar
  • Working proficiency with Linux in both desktop and server environments
5

Business Control Specialist Job Description

Job Description Example
Our growing company is hiring for a business control specialist. 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 specialist
  • Represent the channels in all risk related activities including audits, policy monitoring, and action plan remediation
  • Coordinate the development and execution of all Management Actions Plans, including any business led validation
  • Serve as liaison for all channels activities involving internal risk control groups
  • Support the SVP Production Administration in special initiatives as may be assigned
  • Recommend and facilitate the improvement/development of processes and procedures
  • Manages deliverables, maintenance and documentation in MySource
  • Provide quality assurance and control over Equities Operations & Middle Office key controls and high risk processes
  • Provide an independent assessment of control and risk issues for SCTO leadership team, Equities business & outside risk organizations
  • Collate and analyze risk data including
  • Work with Equities Operations & Middle Office line management to strengthen the control environment and improve control culture & practices
Qualifications for business control specialist
  • Advanced SQL – modeling, advanced query writing, tuning/optimization of queries
  • Experience with MQ messaging or other messaging systems
  • Experience working closely with the business to arrive at an optimal solution in terms of functionality, timelines, and implementation
  • Experience with providing on-call support to customers, this role requires participation in a 24 X 7 on-call support rotation
  • Experience with supporting complex, integrated systems
  • Ability to learn new systems quickly and somewhat independently

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