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Testing Manager IC - Front Line Unit /Control Function Compliance and Operational Risk

Company: Bank of America
Location: Jersey City
Posted on: January 13, 2022

Job Description:

Job Description:EIT is a centralized group within Global Risk Management responsible for independent testing of operational processes within the eight lines of business and enterprise control functions at Bank of America to ensure the company is in compliance with domestic and international laws, rules and regulations, and that risk and controls procedures are operating effectively.The Testing Manager IC is a highly skilled subject matter expert in test script design and test execution for Compliance and Operational Risk. The Testing Manager IC, in collaboration with Testing Shared Services and Risk and Compliance officers, ensures accountability for the completion of testing activities in alignment with the Independent Testing- Enterprise Policy & Standard in a timely manner. -The Testing Manager IC consults with compliance officers and operational risk to execute an effective testing program per requirements. This role contributes to the identification of themes and trends at the front line unit, control function and enterprise level. -The Testing Manager IC proactively manages the relationship with external consultants, front line unit (FLU) /Control Function (CF) Compliance and Operational Risk groups. This role participates in routines involving FLU/CF Compliance and regulatory agencies.Key Responsibilities: ---- - - -The Testing Manager IC is accountable for test execution for the Independent Testing Function. ---- - - -The Testing Manager IC is a highly tenured subject matter expert with strong subject matter expertise of test execution and system(s) of record required and is able to translate business strategy into work programs and processes. ---- - - -The Testing Manager IC is accountable for quality testing execution, reporting and analysis of results. This role may lead, contribute and participate in multiple special projects as an experienced subject matter expert of a processes and/or projects.--- - - -Assist in planning and preparation for exams and audits, prepare and gather documents to respond to regulatory inquiries.--- - - -Apply critical thinking skills to make independent assessments, articulate recommendations and defend conclusions.--- - - -Build strong relationships and collaborate with the business and other risk partners including FLU, GCOR, Operational Risk and Legal partners.Required Qualifications and Experience--- - - -5+ years work experience in related area--- - - -Bachelor's Degree or equivalent experience--- - - -Adaptability to dynamic work environment with multiple priorities and strict deadlines.--- - - -Experience in drafting policies and procedures.--- - - -Ability to work in a team oriented environment.--- - - -Ability to communicate through verbal, written and interpretational communication skills to all levels of the organization.--- - - -Excellent understanding of business, markets and products--- - - -Ability to handle multiple projects in a dynamic environmentDesired Experience--- - - -Understanding of the Financial Industry, front office or back office experience or market and product knowledge (Equities, Foreign Exchange, Fixed Income and Commodities/Futures Options.--- - - -Front office or middle office experience, or trading related experience--- - - -Experience using surveillance tools such as Actimize and/or Smarts Surveillance platforms--- - - -Excellent interpersonal, written and verbal communication skills -Job Band:H4Shift: -1st shift (United States of America)Hours Per Week:40Weekly Schedule:Referral Bonus Amount:0 --> Job Description:EIT is a centralized group within Global Risk Management responsible for independent testing of operational processes within the eight lines of business and enterprise control functions at Bank of America to ensure the company is in compliance with domestic and international laws, rules and regulations, and that risk and controls procedures are operating effectively.The Testing Manager IC is a highly skilled subject matter expert in test script design and test execution for Compliance and Operational Risk. The Testing Manager IC, in collaboration with Testing Shared Services and Risk and Compliance officers, ensures accountability for the completion of testing activities in alignment with the Independent Testing- Enterprise Policy & Standard in a timely manner. -The Testing Manager IC consults with compliance officers and operational risk to execute an effective testing program per requirements. This role contributes to the identification of themes and trends at the front line unit, control function and enterprise level. -The Testing Manager IC proactively manages the relationship with external consultants, front line unit (FLU) /Control Function (CF) Compliance and Operational Risk groups. This role participates in routines involving FLU/CF Compliance and regulatory agencies.Key Responsibilities: ---- - - -The Testing Manager IC is accountable for test execution for the Independent Testing Function. ---- - - -The Testing Manager IC is a highly tenured subject matter expert with strong subject matter expertise of test execution and system(s) of record required and is able to translate business strategy into work programs and processes. ---- - - -The Testing Manager IC is accountable for quality testing execution, reporting and analysis of results. This role may lead, contribute and participate in multiple special projects as an experienced subject matter expert of a processes and/or projects.--- - - -Assist in planning and preparation for exams and audits, prepare and gather documents to respond to regulatory inquiries.--- - - -Apply critical thinking skills to make independent assessments, articulate recommendations and defend conclusions.--- - - -Build strong relationships and collaborate with the business and other risk partners including FLU, GCOR, Operational Risk and Legal partners.Required Qualifications and Experience--- - - -5+ years work experience in related area--- - - -Bachelor's Degree or equivalent experience--- - - -Adaptability to dynamic work environment with multiple priorities and strict deadlines.--- - - -Experience in drafting policies and procedures.--- - - -Ability to work in a team oriented environment.--- - - -Ability to communicate through verbal, written and interpretational communication skills to all levels of the organization.--- - - -Excellent understanding of business, markets and products--- - - -Ability to handle multiple projects in a dynamic environmentDesired Experience--- - - -Understanding of the Financial Industry, front office or back office experience or market and product knowledge (Equities, Foreign Exchange, Fixed Income and Commodities/Futures Options.--- - - -Front office or middle office experience, or trading related experience--- - - -Experience using surveillance tools such as Actimize and/or Smarts Surveillance platforms--- - - -Excellent interpersonal, written and verbal communication skills -Job Band:H4Shift: -1st shift (United States of America)Hours Per Week:40Weekly Schedule:Referral Bonus Amount:0 Job Description: EIT is a centralized group within Global Risk Management responsible for independent testing of operational processes within the eight lines of business and enterprise control functions at Bank of America to ensure the company is in compliance with domestic and international laws, rules and regulations, and that risk and controls procedures are operating effectively.The Testing Manager IC is a highly skilled subject matter expert in test script design and test execution for Compliance and Operational Risk. The Testing Manager IC, in collaboration with Testing Shared Services and Risk and Compliance officers, ensures accountability for the completion of testing activities in alignment with the Independent Testing- Enterprise Policy & Standard in a timely manner. -The Testing Manager IC consults with compliance officers and operational risk to execute an effective testing program per requirements. This role contributes to the identification of themes and trends at the front line unit, control function and enterprise level. -The Testing Manager IC proactively manages the relationship with external consultants, front line unit (FLU) /Control Function (CF) Compliance and Operational Risk groups. This role participates in routines involving FLU/CF Compliance and regulatory agencies.Key Responsibilities: ---- - - -The Testing Manager IC is accountable for test execution for the Independent Testing Function. ---- - - -The Testing Manager IC is a highly tenured subject matter expert with strong subject matter expertise of test execution and system(s) of record required and is able to translate business strategy into work programs and processes. ---- - - -The Testing Manager IC is accountable for quality testing execution, reporting and analysis of results. This role may lead, contribute and participate in multiple special projects as an experienced subject matter expert of a processes and/or projects.--- - - -Assist in planning and preparation for exams and audits, prepare and gather documents to respond to regulatory inquiries.--- - - -Apply critical thinking skills to make independent assessments, articulate recommendations and defend conclusions.--- - - -Build strong relationships and collaborate with the business and other risk partners including FLU, GCOR, Operational Risk and Legal partners.Required Qualifications and Experience--- - - -5+ years work experience in related area--- - - -Bachelor's Degree or equivalent experience--- - - -Adaptability to dynamic work environment with multiple priorities and strict deadlines.--- - - -Experience in drafting policies and procedures.--- - - -Ability to work in a team oriented environment.--- - - -Ability to communicate through verbal, written and interpretational communication skills to all levels of the organization.--- - - -Excellent understanding of business, markets and products--- - - -Ability to handle multiple projects in a dynamic environmentDesired Experience--- - - -Understanding of the Financial Industry, front office or back office experience or market and product knowledge (Equities, Foreign Exchange, Fixed Income and Commodities/Futures Options.--- - - -Front office or middle office experience, or trading related experience--- - - -Experience using surveillance tools such as Actimize and/or Smarts Surveillance platforms--- - - -Excellent interpersonal, written and verbal communication skills - Shift:1st shift (United States of America) Hours Per Week: -40

Keywords: Bank of America, Jersey City , Testing Manager IC - Front Line Unit /Control Function Compliance and Operational Risk, Executive , Jersey City, New Jersey

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