Business Control Manager-Broker Dealer Customer Protection Manager-Global Market Operations
Company: Disability Solutions
Location: New York
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!Job SummaryThe role resides within the Client
Asset Control Group (CACG) Americas (AMRS) region. CACG AMRS is a
Global Markets Operations team which provides front-to-back
oversight of customer protection regulatory requirements across two
Bank of America SEC registered broker dealers.The role will serve
as an individual contributor, acting as a subject matter expert
(SME) and liaison for front office and operations partners
regarding firm specific queries on treatment for custody,
processing flows and/or new business proposals under the US broker
dealer regulatory customer protection rules, with specific focus on
SEA Rule 15c3-3: Possession or Control. The role will support large
scale change initiatives, and help with provisioning of training on
existing and emerging regulatory rules to impacted stakeholders.
The incumbent will also report and advise on pertinent incidents
and regulatory requirements with senior stakeholders and engage
with auditors and/or regulators.Responsibilities:--- Oversees the
design and effectiveness of the risk and control environment to
support Client Operational Services and ensure adherence to
enterprise-wide standards--- Supports the monitoring and testing of
controls by evaluating data to identify issues and control
improvements for remediation--- Implements optimized controls and
enhanced Quality Assurance (QA) practices to support business
continuity efforts--- Conducts and coordinates quality inspection
reviews to enhance employee performance and control
effectiveness--- Performs QA activities including executing on
controls, managing cases, and reporting results--- Executes
initiatives by identifying areas of potential testing automation,
procedural updates, thematic trends, test script updates, and
coaching opportunities to enhance QA program success--- Supports
the overall management of and research required for regulatory
exams, internal audits, and other monitoring and inspection reviews
and evaluates data and information relevant to inspection metrics
to support governance activities for dashboard reporting--- Work
with Possession or Control and Regulatory Reporting teams to ensure
systems and connected processes operated within requirements.---
Liase with front office lines of business on new product designs
with impact to client seg and rehypothecation process.--- Provide
audit assistance and guidance during internal/external reviews of
segregation process.--- Support internal process training to key
stakeholders infrastructureJob Description:This job is responsible
for leading and executing on internal control discipline and
operational excellence within a Line of Business (LOB) or
Enterprise Control Function (ECF). Key responsibilities include
executing LOB or ECF processes and tools to drive adherence to
enterprise-wide standards. Job expectations include supporting the
implementation of quality assurance and quality control processes
within the LOB or ECF through ongoing monitoring and testing of
controls, identifying issues and control improvements for
remediation, and building out actions plans and
milestones.Responsibilities:
Keywords: Disability Solutions, West New York , Business Control Manager-Broker Dealer Customer Protection Manager-Global Market Operations, Accounting, Auditing , New York, New Jersey
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