CFO Risk & Data Quality Testing Lead

Company: Disability Solutions
Location: Charlotte
Posted on: November 7, 2024

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 Description:This job is responsible for accurate and timely development of manual and automated testing and/or supporting operational and administrative activities related to the end to end test development process. Key responsibilities of the job include evaluating test structure to determine automation viability, accessing pertinent databases to source testing data, and collaborating with Compliance and Operational Risk officers and/or Front Line Unit (FLU) process owners to design sampling and test procedures that support the test objective and ensure the repeatability and reliability of the testing.Responsibilities:

• Designs independent testing on a team in support of coverage needs identified by Compliance and Operational Risk officers and/or Front Line Unit process owners, inclusive of transactional, qualitative, onsite, employee quality review, and surveillance testing
• Assesses databases and documentation from internal and external sources to develop data extract, sampling, and testing procedures, working closely with Front Line Unit data contacts and subject matter experts
• Collaborates with Compliance and Operational Risk officers and/or Front Line Unit process owners to design sampling and test procedures that support the test objective and ensure the repeatability and reliability of the testing
• Manages the quality of the test design process in accordance with the Independent Testing Enterprise Policy and StandardSkills:
  • Adaptability
  • Attention to Detail
  • Collaboration
  • Monitoring, Surveillance, and Testing
  • Problem Solving
  • Application Development
  • Data Collection and Entry
  • Data Privacy and Protection
  • Influence
  • Issue Management
  • Automation
  • Business Intelligence
  • Interpret Relevant Laws, Rules, and Regulations
  • Quality Assurance
  • ReportingCFO Risk & Data Quality Testing LeadTeam OverviewGlobal Risk Analytics (GRA) and Enterprise Independent Testing (EIT) are sub-lines of business within Global Risk Management (GRM). Collectively, they are responsible for developing a consistent and coherent set of models, analytical tools, and tests for effective risk and capital measurement, management and reporting across Bank of America. GRA and EIT partner with the Lines of Business and Enterprise functions to ensure the capabilities they build address both internal and regulatory requirements, and are responsive to the changing nature of portfolios, economic conditions, and emerging risks. In executing their activities, GRA and EIT drive innovation, process improvement and automation.Role OverviewGRA and EIT are seeking CFO Risk & Data Quality Testing Lead to join our team to support Global Compliance Operational Risk (GCOR) Chief Financial Officer (CFO) group testing portfolio. This role is integral to the Bank's commitment to process excellence and the candidate will conduct activities that support all aspects of the end-to-end testing lifecycle. GRA and EIT develop and execute tests to evaluate the effectiveness of Bank of America's processes and controls, and adherence to applicable Laws/Rules/Regulations, policies, and procedures. The processes to be assessed are in areas that span across Products (e.g., card, mortgage, markets), Regulations (e.g., Reg W, Dodd Frank), and Enterprise Processes (e.g., Payments, Complaints). The outputs of the tests are used by the Bank to drive process improvements and timely detection and reporting of errors.We are seeking candidates with expertise in process and operational excellence, but this does not need to necessarily be in a Financial Institution and could be in manufacturing, logistics, etc. Candidates should also possess subject matter expertise in Finance processes and financial regulatory reporting. The GRA and EIT are seeking Data Quality Testing Lead works closely with Global Compliance Operational Risk (GCOR), teammates in EIT and GRA as well as process owners in the Lines of Business and Enterprise functions to obtain an understanding of processes, including underlying data, flows, and controls, and to identify risks to successful execution, so that appropriate testing and monitoring can be developed. The role requires critical thinking and willingness to dig into the details of both existing and new methodologies to ensure they are fit for purpose. The candidate must be a strong communicator and able to effectively explain the rationale and details of the methodologies to a broad set of audiences that include key senior stakeholders across the Bank, as well as auditors and regulators. Required Experience
    • 5-7 years minimum experience in financial regulatory reporting, data, compliance, or risk functionsRequired Skills
      • High level of intellectual curiosity
      • Proficiencies in leadership, teamwork, problem solving
      • Feels ownership and accountability for delivering high quality work, able to prioritize effectively, adapt, and meet strict deadlines
      • Strong written, verbal, presentation creation and delivery skills
      • Well organized with attention to detail
      • Good understanding of project management principles and takes ownership to ensure the quality of the deliverables
      • Strong risk management and data quality mindset
      • Willing to challenge the status quo and with a track record of driving change
      • Advanced Microsoft Office skills Desired Skills and Experience
        • Bachelor's degrees or above in fields including but not limited to: Finance, Economics, Mathematics, Computer Science, Statistics, Process and Mechanical Engineering, Operations Research, Data Science, Accounting, Business Administration
        • Experience applying quantitative methods such as modelling, data analytics, machine learning, and statistics to develop business solutions
        • Programming skills (e.g., Python) and solid understanding of Software Development Life cycle principles
        • Knowledge of financial services industry and related regulations
        • Digital fluencyShift:1st shift (United States of America)Hours Per Week: 40

Keywords: Disability Solutions, Huntersville , CFO Risk & Data Quality Testing Lead, Executive , Charlotte, North Carolina