Bank of America Risk Management Senior Specialist in Charlotte, North Carolina

Job Description:

The Finance Quality Assurance Risk Management Senior Specialist is responsible for assisting the QA team throughout the process of identifying, risk assessing and performing metric-based monitoring of high-risk processes within the Finance organization. Additionally, the role requires understanding of businesses in the Finance organization, analyzing applicable risks, existing gaps and creating internal management reporting based on the analysis. It also requires understanding various Operational Risk Policies & Standards, such as Enterprise Spreadsheet Policy, Enterprise Model Risk Policy, Quality Assurance Standard and RCSA Standard, and driving Finance organization’s compliance with those. The Finance Quality Assurance Team reports to the Financial Control Oversight Executive in the Global Financial Control (GFC) organization.

Scope of Responsibilities:

The Finance QA team is responsible for:

  • Ensuring that a robust proactive quality assurance framework is established for the Finance organization to identify, assess and mitigate risk.

  • Assisting with identification of appropriate metrics designed to measure the health of internal processes.

  • Understanding the requirements and applicability of various Operational Risk Policies & Standards, such as Enterprise Spreadsheet Policy, Enterprise Model Risk Policy, Quality Assurance Standard and Risk Control Self-Assessment (RCSA) Standard. Participating in routines designed to ensure that Finance organization complies with the Operational Risk Policies & Standards.

  • Driving consistent view of risks, gaps and necessary mitigation actions resulting from quality assurance activities by partnering with key Finance stakeholders as well as counterparts in Operational Risk, Compliance, Corporate Audit and others to drive consistency.

  • Contributing to the development of internal guidance for Finance based on enterprise policies and standards to ensure consistent and appropriate application across the Finance organization.

Knowledge, Skills and Key Leadership Characteristics:

  • 3+ years of relevant governance, risk, control, audit and/or compliance type experience, specifically in areas of accounting and finance in a large, fast-paced, results-oriented company with a demonstrated history of success.

  • Experience in performing risk assessments, evaluating, documenting and testing internal control environment, developing and producing meaningful metric reporting.

  • Effective partnering and relationship management skills.

  • Ability to communicate complex ideas in a clear and concise manner, both written and verbal.

  • Strong project-management skills; ability to handle multiple priorities in a fast-paced environment.

  • Ability to quickly adjust to changes in approach/methodology in a dynamic setting.

About the Financial Control Oversight Group (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.

Posting Date : 04/19/2018

Location :


  • United States

Travel : No

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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