Hybrid Senior Business Control Specialist chez Bank of America

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
 

Job Description:
Global Credit Operations: Responsible for the fulfillment, servicing and protection of credit offerings for business banking, Global Wealth & Investment Management (GWIM), commercial and corporate clients as well as leasing and trade products. This job is responsible for driving and executing on internal control discipline and operational excellence within a Line of Business (LOB) or Enterprise Control Function (ECF).

The analyst is responsible for performing Quality Assurance reviews on Commercial Loan in Middle Market, Business Banking, Special Assets Group, Small Business and Practice Solutions for fulfilment and/or servicing teams.

Responsibilities include:

•Ability to accurately interpret loan agreements and validate accurate set up in System of Record (Client set up / Facility/loan set up)

•Verify terms and conditions within the loan agreement, renewal or amendment are displayed correctly on the commercial loan platform

•Verify accrual schedules are set up correctly for the life of the loan

•Proficient in identifying data entry from a variety of sources, paper-based and/or electronic, into the loan system of record.

•Should have experience in account setup and loan servicing. Commercial/wholesale lending preferred.

•Have a general knowledge of loan structure, loan agreements and credit regulations.

•Have a general knowledge of loan accounting/reconciliation of general ledger debits and credits, including research and clearing exceptions on processed transactions

•Identify and escalate quality assurance findings promptly, following appropriate communication channels

•Communication - clear and concise communication of quality assurance findings.

•Drive execution - ownership and prompt follow up on defect remediation; debate of disputes in a professional manner and in accordance with process and procedures.

•Drive Change - support project work across multiple teams/sites. Influence change by identifying process gaps and recommending appropriate solutions – in compliance with current laws and regulation.

•Technology – commitment to technology initiatives and improvements.

•Proficient computer skills utilizing mainframe and PC software packages; Working knowledge of Microsoft Excel, Word, Power-Point with dual screens.

•Capability to work with multiple systems in order to validate accuracy

•Collaborates – works effectively with others by establishing and maintaining positive working relationships

• Act in accordance with the letter and spirit of all applicable laws, rules and regulations, the company’s code of conduct, risk framework, risk appetite statement and other relevant policies, standards, procedures and guidance. Is proactive in identifying, managing and controlling risks within the fulfillment space.

Minimum Qualifications:

•1 or more years’ experience in operations or process design

•1 or more years’ experience in business controls

Skills:

• Knowledge of Commercial Lending or Other Lending Processes        

• Effective communication skills (listening, verbal and written)

• Working knowledge of Microsoft Excel, Word, P

• Quality Assurance

• Risk Management

• Analytical Thinking

• Attention to Detail

• Critical Thinking

• Problem Solving

• Research

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - MA - Waltham - 1025 Main St - 1025 Main St - Waltham (MA6536)

Pay and benefits information

Pay range

$59,000.00 - $109,800.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. Postuler maintenant