Business Control Specialist

  • Competitive
  • Hong Kong
  • Permanent, Full time
  • Bank Of America / Merrill Lynch
  • 18 Nov 17 2017-11-18

Business Control Specialist

Job Description:
About Bank of America Merrill Lynch:

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.
Connecting Asia Pacific to the World
Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region's leading financial services companies.
Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion.
Position Description
The Business Control Specialist will be part of the Global Technology & Operations (GT&O) Business Control Monitoring & Readiness (BCMR) team. You will be responsible for supporting the governance and management of operational risk and controls across 3,500 employees, 250+ high risks processes, 300+ critical applications in the Asia Pacific region.
The role will drive and coordinate risk management initiatives, issue management activities as well as provide visibility into regional risks, issues and mitigation to regional & global stakeholders through prompt and appropriate management reporting. This position will require strong collaboration with members within the GT&O divisions and control functions across the Bank.
Key Responsibilities

  • Oversee the implementation and monitoring of processes & controls, ensuring compliance with both local & global mandates
  • Perform risk analytics to monitor and test the effectiveness of key controls as well as status of mitigation and action plans
  • Provide management reports & metrics for tracking, monitoring, and escalation of risk related issues to management
  • Provide oversight and monitoring over regulatory responsiveness and regulatory change activities in the region
  • Acts as an ambassador of the risk culture
Key Requirements
  • Proactive risk identification, evaluation and monitoring practices
  • Strong problem solving and analytical skills
  • Understanding of regulatory risk management and Asia Pacific regulations preferred
  • Experience in leading programs for proactively identifying regulatory risk exposure and potential nonconformance areas
  • Information technology/systems, risk management, banking operations, finance or equivalent experience preferred
  • Experience with developing MIS with an intent to conduct Data Analytics & Modelling
  • Strong interpersonal, oral and written communication skills as position presents to and/or interfaces with cross-enterprise business partners
  • Strong excel and power point skills
Bank of America Merrill Lynch is an equal opportunities employer.

Posting Date: 06/11/2017
- Hong Kong

Full / Part-time: Full time
Hours Per Week: 40