Regulatory Business Control Manager
Company: Disability Solutions
Location: Charlotte
Posted on: April 20, 2024
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Job Description:
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. Responsible Growth is how we run our company and
how we deliver for our clients, teammates, communities and
shareholders every day. One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. We're devoted to being a diverse and inclusive workplace for
everyone. We hire individuals with a broad range of backgrounds and
experiences and invest heavily in our teammates and their families
by offering competitive benefits to support their physical,
emotional, and financial well-being. Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization. Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. Join us!The Business Control Manager is part of the
Regulatory Business Controls team within the Retail Business
Enablement & Controls organization. This position will be
responsible for providing regulatory support and internal control
discipline for Lending products, primarily for Mortgage Lending
products. This position provides regulatory expertise and guidance
for several regulations including, but not limited to, the Truth in
Lending Act, including TILA-RESPA Integrated Disclosures (TRID);
the Real Estate Settlement Procedures Act (RESPA); Fair Credit
Reporting Act; Service Member Civil Relief Act; E-Sign; Americans
with Disabilities Act; Homeowners Protection Act; Federal and State
High Cost; Government Lending; as it relates to external exams,
internal audits, issue and project engagement, assessments,
monitoring and metric oversight and reporting. This role influences
across multiple levels of management and provides direction to the
front-line units. Incumbents typically have over 5+ years of risk
management and/or FLU/ECF experience.--- Monitor and influence the
control environment to drive adherence to regulatory requirements
and enterprise standards--- Provide regulatory direction and SME
support including assessments, impact analysis and implementation
of regulation and policy changes--- Actively engage in process
change initiatives to ensure solutions result in compliant outcomes
with meaningful, sustainable controls--- Analyze compliance
testing, monitoring reports, and other testing results to identify
primary root cause of errors and escalate for remediation---
Interface with Global Compliance and Operational Risk (GCOR) and
Legal partners to provide the business point of view on regulatory
topics--- Identify issues and/or control improvements for
remediation--- Perform assessments of compliance against regulatory
requirements and enterprise policies--- Coordinate with partners
and stakeholders to ensure end-to-end process engagement--- Provide
audit and exam support--- Acts as an ambassador of the risk
cultureRequired Qualifications:--- Minimum of 5 years of relevant
work experience with a working knowledge of lending regulations, as
well as lending processes--- Ability to read and understand complex
matters, anticipate risks, and summarize key information---
Demonstrated ability to think strategically and execute
tactically.--- High attention to detail and strong organizational
skills with the ability to prioritize requests and workload
accordingly.--- Ability to read and understand complex matters,
anticipate risks, and summarize key information--- Influence
horizontally and vertically across the organization and diverse
audiences--- Strong written and verbal communication skills---
Self-starter with excellent anticipation skills, problem solving,
follow-up--- Demonstrated dependability and ability to act with a
sense of urgency--- Ability to interact with people at all levels
of the organization--- Ability to work well under pressure, adapt
to unexpected events, prioritize and multi-task in a deadline
driven environment--- Ability to work in a fast paced and complex
environment--- Ability to deal with sensitive data and maintain
confidentiality--- Ability to identify risks and ways to mitigate
those risks --- Exhibits strong relationship management and
interpersonal skillsDesired Skills:--- 8+ years of risk management
or business control experience--- Mortgage lending regulation
expertise, specifically related to Truth in Lending (TILA), and
Real Estate Settlement Procedures Act (RESPA)--- Process
Improvement and six-sigma and/ or data analysis experience---
Capable of performing complex analyses and formulating solutions
independently--- Experience with root cause analysis--- Experience
working with internal and external auditorsEnterprise Job
Description: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). Key
responsibilities include providing analytical and administrative
support for LOB or ECF specific processes and tools to drive
adherence to enterprise-wide standards. Job expectations include
monitoring and testing controls and implementing quality assurance
and quality control processes within the LOB or ECF by evaluating
data to help identify, track, and report issues and control
improvements for remediation.Responsibilities:
Keywords: Disability Solutions, Charlotte , Regulatory Business Control Manager, Executive , Charlotte, North Carolina
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