Business Control Specialist - Third Party

Bank Of America Third Party Governance RoleAt 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 Global Payments Solutions Business Control and Governance team has a centralized Third Party governance team to ensure policy adherence across Global Payments Solutions. Responsible for driving and executing compliance with the Global Third Party management program. This role will support the FLU Third Party Executive and functions related to Third Party Governance and Performance Management for the Global Payments Solutions third party portfolio.The role will work to support strategic planning, leading and delivering special projects that extend beyond business-as-usual third party requirements, and establishing/managing governance routines to enhance the control environment over the portfolio of third parties. Additional responsibilities include:Develop and maintain GPS Third Party procedures and playbooksPartner with GPS senior leaders, as well as Sourcing, Vendor Management, GIS, Data and Business Continuity partners to understand and escalate GPS-owned and -used Third Party risks and issuesPrepare materials for and lead GPS Third Party governance routines, and coordinate escalations to enterprise Third Party risk routinesProvide Third Party risk and governance subject matter expertise to GPS business partners across GPS global footprintSupport the execution of required Third Party Requirements routines, Cyber Security escalations, vendor risk assessments (VLRA), Sourcing requests and Third Party strategySupport the design and effectiveness of the risk and control environment and ensure adherence to enterprise-wide standardsPerform non-performing Third Party metric root cause analysis and prepare and manage Go to Green plansReview and challenge data transmission registrations (DTRs) and Third Party risk assessments to ensure accurate and complete documentation of external data transmissionsReview and challenge Third Party information security remediation plans in partnership with GISSupport Third Party alignments to Processes in the Single Process InventorySupport Third Party Audit and Regulatory engagements and Audit Issue remediation activitiesSupport and guide GPS business partners in completing outsourcing materiality assessmentsJob Requirements:3+ years Business Control experience with Third Party Management and/or Data ManagementExperience planning and supporting large scale projectsAbility to drive projects to meet critical milestones and identify potential roadblocks for the teamStrong project management skills; attention to detail; ability to drive projects to conclusionAbility to manage multiple tasks and stakeholders at once, prioritize workflow and deliver results under pressure and time constraintsExcellent organizational skills with a keen ability to prioritize daily tasks with project work as well as ad hoc requestsProven verbal and written communication skills and presentation skillsAbility to synthesis information and summarize key themesStrong analytical skillsAbility to work under pressure, calmly within tight deadlines and escalate appropriately.Able to develop and maintain good working relationshipsSelf-starter, motivated and reliable; ability to work well and seamlessly within a team without a continuous high level of guidanceProficiency in using MS Word, Excel, PowerPoint, SharePoint and WebExBachelor's Degree or equivalent work experienceAdditional Requirements:Experience in business control function roles, operations or services preferredStrong risk mindset with process and controls background, actively debate and escalate issues and concernsProven track record in being able to work effectively in a fast-paced, dynamic, highly matrix and complex environmentProven ability to develop Senior Executive presentations and strong communication skillsExperience drafting and managing ORCIT Action Plans for non-performing metricsSingle Process Inventory knowledge or Process Delegate experienceExperience requesting Data Transmission Registrations (DTRs)Audit Issue management experience Familiarity with Third Party information security requirements and/or assessmentsShift: 1st shift (United States of America)Hours Per Week: 40Pay Transparency detailsUS - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range $69,000.00 - $103,900.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.