Business Control Manager
NA, North Carolina, United States
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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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
About the Company
Merrill Lynch Bank & Trust Company (Cayman) Limited ("MLBTC") is a third tier, wholly owned subsidiary of Bank of America Corporation ("BAC"). Functionally, MLBTC's activities are primarily aligned with BAC's Merrill Lynch division. Merrill Lynch is managed and operated as a global business from the U.S. and serves its clients through all aspects of their financial lives and primarily targets affluent, high net worth and ultra-high net worth clients.
MLBTC conducts four principal Merrill Lynch business activities, namely Deposit and Cash Management Solutions; Credit and Lending Solutions; Investment Solutions: Spot Foreign Exchange, Collateralized Foreign Exchange and Dual Currency Products and Deposit Sweeps.
MLBTC has a Category B bank license and does not conduct domestic banking business in the Cayman Islands, nor does it provide services for Caymanian residents.
Key Responsibilities
Ensure MLBTC's compliance with regulatory standards and internal policies. You will lead client onboarding governance, internal audits, and regulatory reporting, while collaborating across departments to maintain operational integrity.
Oversee and monitor governance for all newly onboarded clients (individuals, partnerships, companies, trusts).
Lead internal inspections and audits to ensure compliance with legal, regulatory, and internal standards.
Develop and maintain checklists, protocols, and audit programs to identify and mitigate risks.
Document audit findings and implement corrective actions in collaboration with relevant teams.
Support regulatory, financial, and non-financial reporting to Cayman Islands authorities (CIMA, FRA, DITC).
Draft policies and procedures and assist with international securities-based lending.
Required Qualifications & Key Competencies
Bachelor's degree in Business, Finance, Accounting, or related field (or equivalent experience).
Professional designation in Compliance, Securities, Capital Markets, or Corporate Finance Law.
Strong knowledge of Cayman Islands banking and AML regulations.
Experience in compliance, risk management, and private banking operations.
Proficiency with audit management software and data analytics tools.
Strong analytical and problem-solving skills.
Excellent time management and ability to prioritize under pressure.
Ability to thrive in a dynamic, high-volume environment
Leadership and interpersonal skills with proven track record in financial services.
High attention to detail and organizational skills.
Strong written and verbal communication.
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
View your "Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088\EEOC\KnowYourRights6.12.pdf) " poster.
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
