Sr. Business Control Specialist
Bank of America - New York City, NY
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Job Description:As part of implementing the Enterprise Customer Due Diligence Standard adopted to comply with regulations regarding financial crimes, Global Banking and Markets has developed regular Client Activity Monitoring (CAM) routines. These are assessments of client activity that are conducted by employees familiar with the clients. There are two different routines. One is specifically for High Risk clients, in which reports are sent to Primary Coverage Officers, Relationship Managers, Corporate Bankers, or Global Treasury Sales Officers quarterly for their review. The other is for all clients and takes place at refresh. Responsibilities:High Risk CAM ProcessSupport Senior Analysts in the preparation and delivery of the quarterly Client Account Monitoring process for both Global Banking and Global Markets in which client activity is prepared and delivered to client teams for review.Provide support to client facing teams in the completion of the Quarterly High Risk CAM Follow-up with client teams to ensure review and response is completed according to standard timelines.Support preparation of senior leadership updates of Client Activity Monitoring completionDevelop proficiency in the CAM processes to be back-up for senior analystsSupport training and communication for Sales, Compliance, Operations, and Product partners.Perform QA inspection of positive CAM responses to test for appropriatenessRefresh CAM ProcessSupport the development and distribution of expanded CAM reports for Standard, Elevated, and High Risk clientsReview output from GBAM Analytics of monthly CAM responsesPerform necessary hand-off to Consumer Bank partnersPerform QA inspection of Refresh CAM responses for failed resultsFollow-up with Client facing teams to take corrective action on failed resultsPrepare updates for Senior Leadership on status of Refresh CAM success ratesProvide support to client facing teams in the completion of the Refresh CAM process, as required.Perform QA inspection of positive CAM responses to test for appropriateness.Qualifications:2-5 years of experience in a financial services or other relevant risk management positionsStrong verbal and written communication skillsProven experience in a role that is self-directedProven ability to manage timelines, and display sound judgment to escalate issues as neededStrong Excel and PowerPoint SkillsAbility to communicate across multiple lines of businessAbility to perform independent researchJob Band:H5Shift: 1st shift (United States of America)Hours Per Week:40Weekly Schedule:Referral Bonus Amount:0 --> Job Description:As part of implementing the Enterprise Customer Due Diligence Standard adopted to comply with regulations regarding financial crimes, Global Banking and Markets has developed regular Client Activity Monitoring (CAM) routines. These are assessments of client activity that are conducted by employees familiar with the clients. There are two different routines. One is specifically for High Risk clients, in which reports are sent to Primary Coverage Officers, Relationship Managers, Corporate Bankers, or Global Treasury Sales Officers quarterly for their review. The other is for all clients and takes place at refresh. Responsibilities:High Risk CAM ProcessSupport Senior Analysts in the preparation and delivery of the quarterly Client Account Monitoring process for both Global Banking and Global Markets in which client activity is prepared and delivered to client teams for review.Provide support to client facing teams in the completion of the Quarterly High Risk CAM Follow-up with client teams to ensure review and response is completed according to standard timelines.Support preparation of senior leadership updates of Client Activity Monitoring completionDevelop proficiency in the CAM processes to be back-up for senior analystsSupport training and communication for Sales, Compliance, Operations, and Product partners.Perform QA inspection of positive CAM responses to test for appropriatenessRefresh CAM ProcessSupport the development and distribution of expanded CAM reports for Standard, Elevated, and High Risk clientsReview output from GBAM Analytics of monthly CAM responsesPerform necessary hand-off to Consumer Bank partnersPerform QA inspection of Refresh CAM responses for failed resultsFollow-up with Client facing teams to take corrective action on failed resultsPrepare updates for Senior Leadership on status of Refresh CAM success ratesProvide support to client facing teams in the completion of the Refresh CAM process, as required.Perform QA inspection of positive CAM responses to test for appropriateness.Qualifications:2-5 years of experience in a financial services or other relevant risk management positionsStrong verbal and written communication skillsProven experience in a role that is self-directedProven ability to manage timelines, and display sound judgment to escalate issues as neededStrong Excel and PowerPoint SkillsAbility to communicate across multiple lines of businessAbility to perform independent researchJob Band:H5Shift: 1st shift (United States of America)Hours Per Week:40Weekly Schedule:Referral Bonus Amount:0 Job Description:As part of implementing the Enterprise Customer Due Diligence Standard adopted to comply with regulations regarding financial crimes, Global Banking and Markets has developed regular Client Activity Monitoring (CAM) routines. These are assessments of client activity that are conducted by employees familiar with the clients. There are two different routines. One is specifically for High Risk clients, in which reports are sent to Primary Coverage Officers, Relationship Managers, Corporate Bankers, or Global Treasury Sales Officers quarterly for their review. The other is for all clients and takes place at refresh. Responsibilities:High Risk CAM ProcessSupport Senior Analysts in the preparation and delivery of the quarterly Client Account Monitoring process for both Global Banking and Global Markets in which client activity is prepared and delivered to client teams for review.Provide support to client facing teams in the completion of the Quarterly High Risk CAM Follow-up with client teams to ensure review and response is completed according to standard timelines.Support preparation of senior leadership updates of Client Activity Monitoring completionDevelop proficiency in the CAM processes to be back-up for senior analystsSupport training and communication for Sales, Compliance, Operations, and Product partners.Perform QA inspection of positive CAM responses to test for appropriatenessRefresh CAM ProcessSupport the development and distribution of expanded CAM reports for Standard, Elevated, and High Risk clientsReview output from GBAM Analytics of monthly CAM responsesPerform necessary hand-off to Consumer Bank partnersPerform QA inspection of Refresh CAM responses for failed resultsFollow-up with Client facing teams to take corrective action on failed resultsPrepare updates for Senior Leadership on status of Refresh CAM success ratesProvide support to client facing teams in the completion of the Refresh CAM process, as required.Perform QA inspection of positive CAM responses to test for appropriateness.Qualifications:2-5 years of experience in a financial services or other relevant risk management positionsStrong verbal and written communication skillsProven experience in a role that is self-directedProven ability to manage timelines, and display sound judgment to escalate issues as neededStrong Excel and PowerPoint SkillsAbility to communicate across multiple lines of businessAbility to perform independent researchShift:1st shift (United States of America)Hours Per Week: 40
Created: 2021-11-29