Senior Business Control Specialist Job Description

Senior Business Control Specialist Job Description

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Senior business control specialist provides risk/business controls and sales/coaching support in executing regulatory discipline and operational excellence within Merrill Edge organization.

Senior Business Control Specialist Duties & Responsibilities

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

Sample responsibilities for this position include:

Perform analysis of new processes and controls to ensure they are sustainable and consistently implemented across all impacted LOBs and global teams
Providing training, guidance, and administration on BCP tools (LDRPS/CPT, ENACT)
Ensure issues are identified, managed effectively and remediated including the identification and escalation of issues within GBAM Operations COO, leading remediation of select issues across GBAM Operations
Support Risk Lead activities and remediation
Drive key analysis regarding current risk and appropriate actions/thresholds to mitigate based on business risk tolerance
Manages, tracks and prioritizes risk management changes for the Merrill Edge line of business and other partners such as enhanced reporting for margin, trade corrections, other high risk credit and trading products
Identifies, recommends and supports implementation of key business support items related to high risk products such as stress testing, business reporting, and related initiatives to monitor risk on an ongoing basis
Maintain ongoing review of key Merrill Edge Risk Management metrics to further drive initiatives and minimize risk
Identify, manage and review Risk Issues by assisting the line of business with articulating the risk, evaluating the action plans, and reviewing the evidence to agree the risk is remediated and the issue closed
Manage and review operational events/errors by assisting the LOB with articulating the event, evaluating the action plans for remediation, and reviewing the key themes and root cause

Senior Business Control Specialist Qualifications

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

Licensing or Certifications for Senior Business Control Specialist

List any licenses or certifications required by the position: CAMS, CISM, CISA, CRISC, CISSP

Education for Senior Business Control Specialist

Typically a job would require a certain level of education.

Employers hiring for the senior 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, Finance, Accounting, Marketing, Graduate, Economics, Management, Education, Project Management, Information Systems

Skills for Senior Business Control Specialist

Desired skills for senior business control specialist include:

Clients and platform
Merrill Edge systems
Processes
BAC bank policies
Enterprise Risk Framework
Programs
Agile methodology are
MS Access desirable
Ability to identify
Debate risk

Desired experience for senior business control specialist includes:

Manage cross functional projects by driving communication and coordination across multiple business units to ensure the timely completion of objectives and the seamless execution of project plans
Lead and/or coordinate special projects, as requested by GMT management
Knowledge of derivatives products across multiple business lines (Commodities, Equities, Rates)
Strong familiarity with Microsoft Office tools
Active CIA, CISA, CRISC, CISM and/or CPA preferred
Large accounting firm audit (including SOX) or SEC company compliance and/or audit experience

Senior Business Control Specialist Examples

1

Senior Business Control Specialist Job Description

Job Description Example
Our innovative and growing company is hiring for a senior 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 senior business control specialist
  • Identify focus areas within the line of business for targeted risk mitigation investigations
  • Represent the FICC & Derivatives OR&C team in risk control related global initiatives, projects and policy implementations
  • Assist the line of business in audit preparation and audit management
  • Provide support and guidance on operational risk routines, Process Control Standards, Process Health Dashboard, Control reporting
  • Implement cost split model (joint topics with NSC/BCS/SF) according to HRSC's approval
  • Cooperate with vendors to steer the payment process
  • PR/PO/PV creation and payment process processing
  • Provide cost split information of the payment among all entities
  • Give the GRIR clearance proposal to finance department after aligned it with budget owners in BBA
  • Understand the tax policy change content and explain the related part to team members
Qualifications for senior business control specialist
  • Knowledge of Information Technology, automated application control and audit techniques (e.g., ACL and Oracle)
  • Experience in manufacturing accounting audits, information technology general controls audit and Government contracting experience
  • 5+ years’ experience in a wholesale banking operations team
  • Familiarity with contemporary computing infrastructure terms and concepts, e.g Cloud and virtual computing, mainframe, grid and distributed computing, beg data environments
  • Superior MS Office skills including advanced Excel and Powerpoint
  • Knowledge of critical contacts Legal, Risk, Compliance
2

Senior Business Control Specialist Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of senior business control specialist. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for senior business control specialist
  • Continuous identification and execution of risk reduction processes
  • Enhance end to end program requirements and processes
  • Provide subject matter expertise to reconciliation owners across the enterprise on the interpretation of the policy and provides guidance on the implementation and execution of the required standards
  • Perform compliance testing and communicate findings
  • Partner with key business contacts and stakeholders to understand and address potential compliance issues
  • Assist with the identification of appropriate metrics designed to measure the effectiveness of GL Account Reconciliation and Manual Journal Entry (GL AR and MJE) controls
  • Prepare executive dashboard reports to inform management of the status of GL AR and MJE compliance across the enterprise and to escalate significant issues
  • Contribute to the development of internal guidance for GL AR and MJE policies and standards to ensure consistent and appropriate application across the Enterprise
  • Identify and drive process improvements to the overall GL AR and MJE compliance program
  • Perform client reviews, leveraging the Client Due Diligence Questionnaires (DDQs) to ensure that the documentation complies with enterprise requirements, and that the client profile is within GBAM’s risk tolerance
Qualifications for senior business control specialist
  • Able to look at data/trends, and see through the data to draw conclusions
  • Independent, confident, driven by challenging responsibilities
  • Effective multi-tasker, able to manage multiple files and responsibilities concurrently
  • Previous or current Collections experience
  • Business control experience desired
  • Risk and compliance background experience a plus
3

Senior Business Control Specialist Job Description

Job Description Example
Our growing company is hiring for a senior business control specialist. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for senior business control specialist
  • Assist with the quality assurance reviews of various control assessment programs
  • Ensure that DDQs are completed according to standard timelines
  • Manage the interface between Client Facing Teams, Product, Operations and Compliance as needed to ensure documentation is as required, and that recommendations and escalations are communicated, and acted upon
  • Keep track of issues and gaps detected in DDQs, and devise remediation plan to prevent recurrence
  • Develop deep subject matter expertise in the High Risk client type(s) assigned
  • Together with Compliance and constituents, refine the content and format of the DDQ templates to ensure that they gather the required information, and that they are streamlined and easy for client teams to use
  • Training and communication for Sales, Compliance, Operations, and Product partners
  • Manage quarterly Client Account Monitoring process in which client activity is prepared and delivered to client teams for review
  • Ensure client team review and response is completed according to standard timelines
  • Prepare senior leadership updates of Client Activity Monitoring completion
Qualifications for senior business control specialist
  • Participating in the design of risk identification and control strategies and implementing business and technology change initiatives related to the risk and controls framework
  • Incorporating feedback and best practices related to the existing risk assessment tool
  • Soliciting and incorporating input from control function business partners
  • Determining how to evolve the risk and controls framework to ensure sustainability of this key component of the Third Party Program
  • BS/BA Degree plus a minimum of 2 years relevant experience
  • Efficient communication (verbal and written) skills ability to present to various audiences effectively
4

Senior Business Control Specialist Job Description

Job Description Example
Our company is growing rapidly and is hiring for a senior business control specialist. 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 senior business control specialist
  • Track and report on metrics monthly
  • Develop deep subject matter expertise in the Markets High Risk client type(s)
  • Complete required documentation (test plans, sampling procedures, and test results) in accordance with corporate Quality Assurance (“QA”) Standard requirements
  • Establish M&I coverage (traceability) plans, capacity models and execution schedule to evidence compliance with internal bank policy and Standard (Customer Due Diligence (“CDD”) and Financial Crimes Compliance (“FCC”) requirements
  • Review and monitor Risk Assessment(s), Independent Testing results, Internal Audit and Exams for potential impacts to M&I test scripts
  • Direct interaction with sub-process stakeholders and Process Owners in support of the assessment process, quality assurance activities, engagement requirements, and timelines
  • Strong attention to detail, analytical skills, ability to multi-task, and ability to work both independently part of a team are also required
  • Provide Operational Excellence Activities Support
  • Provide Subject Matter Expertise to partners across Global Procurement
  • Use financial and quantitative data to substantiate in support of strategy design and execution
Qualifications for senior business control specialist
  • Logical thinker, who can discern from the volumes of data collected the data that is relevant to the effort, then organize it in a way that depict the relevant story from the data
  • Familiarity with software development lifecycle methodologies, including quality assurance
  • 3 – 5 years’ experience in AML and preferably CDD (Customer Due Diligence)/KYC (Know Your Customer) with US related regulatory environment, 2+ years in regulatory change management, and 2+ years in applying risk framework and control design framework
  • Ability to work independently and deal with senior stakeholders
  • Coverage of Operations and Compliance relating to AML/KYC preferred
  • Detail-oriented to ensure quality and accurate work product\
5

Senior Business Control Specialist Job Description

Job Description Example
Our innovative and growing company is looking for a senior business control specialist. 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 senior business control specialist
  • Develop, maintain and perform analysis of stakeholder management to help progress maturity
  • Provide ongoing support and analytics for procurement activities
  • Build and maintain collaborative relationships with internal Global Procurement teammates
  • Defining and evaluating problems and planning effective solutions
  • Analyze existing technology controls
  • Work with component owners to align strategic roadmaps with overall risk and control framework
  • Develop subject matter expertise in a risk domain
  • Identify and drive opportunities for process improvements to deliver increasing efficiencies
  • Own and maintain relationships with a wide range of stakeholders (project managers, developers, internal and external control partners)
  • Ensures effective identification and implementation of controls to manage operational, financial, and compliance risks
Qualifications for senior business control specialist
  • Collaborate with the GMT divisions, Risk Leads and process owners to identify, document and assess Process Risk Control (PRC) elements, identify and remediate control gaps or weaknesses, and manage control performance essential to managing operational standards and compliance to applicable policies, laws and regulations
  • Motivated self-starter who takes ownership and can produce high quality results with minimal direction
  • Delivering Third Party risk reporting for various enterprise and front line unit risk committees
  • Participating in risk identification dialogue and implementing routines and mechanisms to influence behavior
  • Determining how to evolve the risk framework to ensure sustainability of this key component of the Third Party Program
  • Supporting regulatory analysis and identifying impacts to the Third Party Program

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