Thursday , September 28 2023

Bank of America Merrill Lynch Careers – Control Specialist

Website Bank of America

Job Description:

We are currently seeking a forward thinking, highly motivated Risk professional to join our team in Paris as a Permanent Control Specialist. The Control Oversight team is a key function within the legal entity and is responsible for overseeing and ensuring an adequate internal control framework is in place and commensurate to the entity’s size, volume, activities, locations and nature/complexity of inherent risks. The scope of the role is front to back and covers all risk You will have oversight over control activities and procedures across the 1st line of defense, as well as 2nd line monitoring and testing activity.

Job Responsibilities:

  • Participate in the enterprise risk and control assessment when needed
  • Any other tasks/ projects assigned by the Head of Department
  • Follow up of the SIAI and audit issues impacting BofASE control environment
  • Collect and follow-up on incidents/ op losses and assess their impact on the BofASE control environment
  • Update Governance procedures and terms of Reference
  • Build associated control procedures/oversee performance of the controls
  • Execute monitoring, testing and other control oversight activities, or oversee the conduct of such activities in other areas through the year
  • Findings, recommendations and permanent control actions follow up
  • Support preparation of the BofASE monthly Permanent Control Council
  • Build regular interactions with op risk and coverage team
  • Participate in regulatory non-financial reporting
  • Ensure Legal entity process, risks and controls are updated on an annual basis and changes reflected in the ORCIT tool
  • Support deep dives and new product/ project impact analysis on the local control environment
  • Support preparation of internal reporting
  • Produce and develop the permanent control metrics and dashboards
  • Contribute to, and raise, key control governance routines for the entity
  • Promote the control awareness, training and advisory

Job Requirements:

  • Able to demonstrate positive teamwork, while also working independently
  • Able to collaborate across teams, functions and regions
  • Influencing/negotiation skills and ability to manage debate and conflict professionally
  • Consistent track record of experience in the Banking and Markets area with deep knowledge of end to end activity in this business
  • Excellent analytical skills and reporting skills with attention to detail, and a positive attitude
  • Fluent English speaker, French fluency is a plus.
  • Excellent written and verbal communication skills- able to present to senior partners in a clear and concise way
  • Strong ability to interpret large volume of data and synthesize relevant information

Qualification & Experience:

  • Relevant Risk, Control or Audit experience
  • SME in one (or a combination) of: Risk, Front Office/COO, Operations, Middle Office, Finance, Audit, Technology, Controls

Job Details:

Company: Bank of America

Vacancy Type: Full Time

Job Location: Paris, Île-de-France, France

Application Deadline: N/A

Apply Here