Business Control Specialist - Third Party

Bank Of America Job Posting

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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 playbooks
• Partner 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 issues
• Prepare materials for and lead GPS Third Party governance routines, and coordinate escalations to enterprise Third Party risk routines
• Provide Third Party risk and governance subject matter expertise to GPS business partners across GPS global footprint
• Support the execution of required Third Party Requirements routines, Cyber Security escalations, vendor risk assessments (VLRA), Sourcing requests and Third Party strategy
• Support the design and effectiveness of the risk and control environment and ensure adherence to enterprise-wide standards
• Perform non-performing Third Party metric root cause analysis and prepare and manage Go to Green plans
• Review and challenge data transmission registrations (DTRs) and Third Party risk assessments to ensure accurate and complete documentation of external data transmissions
• Review and challenge Third Party information security remediation plans in partnership with GIS
• Support Third Party alignments to Processes in the Single Process Inventory
• Support Third Party Audit and Regulatory engagements and Audit Issue remediation activities
• Support and guide GPS business partners in completing outsourcing materiality assessments

Job Requirements :

Additional Requirements :

Shift : 1st shift (United States of America)

Hours Per Week : 40

Pay Transparency details US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100) Pay and benefits information Pay range $69,000.00 - $103,900.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This 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. Benefits This 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.