Top Inventory Control Executive oversees, plans, and directs all aspects of inventory management policies, objectives, and initiatives. Develops standards, metrics, and procedures that maximize inventory management efficiency. Being an Top Inventory Control Executive leads inventory planning, scheduling, forecasting, and control operations. Develops and implements inventory tools and systems for tracking, analysis, auditing, and reporting. Additionally, Top Inventory Control Executive collaborates with cross-functional teams and stakeholders to identify and prioritize initiatives to optimize inventory capabilities and develop best inventory management practices. Requires a bachelor's degree. Typically reports to top management. The Top Inventory Control Executive manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be an Top Inventory Control Executive typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)
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. Were 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 Business Control Manager is part of the Regulatory Business Controls team within the Retail Business Enablement & Controls organization. This position will be responsible for providing regulatory support and internal control discipline for Lending products, primarily for Mortgage Lending products. This position provides regulatory expertise and guidance for several regulations including, but not limited to, the Truth in Lending Act, including TILA-RESPA Integrated Disclosures (TRID); the Real Estate Settlement Procedures Act (RESPA); Fair Credit Reporting Act; Service Member Civil Relief Act; E-Sign; Americans with Disabilities Act; Homeowners Protection Act; Federal and State High Cost; Government Lending; as it relates to external exams, internal audits, issue and project engagement, assessments, monitoring and metric oversight and reporting. This role influences across multiple levels of management and provides direction to the front-line units. Incumbents typically have over 5 years of risk management and/or FLU/ECF experience.
Monitor and influence the control environment to drive adherence to regulatory requirements and enterprise standards
Provide regulatory direction and SME support including assessments, impact analysis and implementation of regulation and policy changes
Actively engage in process change initiatives to ensure solutions result in compliant outcomes with meaningful, sustainable controls
Analyze compliance testing, monitoring reports, and other testing results to identify primary root cause of errors and escalate for remediation
Interface with Global Compliance and Operational Risk (GCOR) and Legal partners to provide the business point of view on regulatory topics
Identify issues and/or control improvements for remediation
Perform assessments of compliance against regulatory requirements and enterprise policies
Coordinate with partners and stakeholders to ensure end-to-end process engagement
Provide audit and exam support
Acts as an ambassador of the risk culture
Required Qualifications:
Minimum of 5 years of relevant work experience with a working knowledge of lending regulations, as well as lending processes
Ability to read and understand complex matters, anticipate risks, and summarize key information
Demonstrated ability to think strategically and execute tactically.
High attention to detail and strong organizational skills with the ability to prioritize requests and workload accordingly.
Ability to read and understand complex matters, anticipate risks, and summarize key information
Influence horizontally and vertically across the organization and diverse audiences
Strong written and verbal communication skills
Self-starter with excellent anticipation skills, problem solving, follow-up
Demonstrated dependability and ability to act with a sense of urgency
Ability to interact with people at all levels of the organization
Ability to work well under pressure, adapt to unexpected events, prioritize and multi-task in a deadline driven environment
Ability to work in a fast paced and complex environment
Ability to deal with sensitive data and maintain confidentiality
Ability to identify risks and ways to mitigate those risks
Exhibits strong relationship management and interpersonal skills
Desired Skills:
8 years of risk management or business control experience
Mortgage lending regulation expertise, specifically related to Truth in Lending (TILA), and Real Estate Settlement Procedures Act (RESPA)
Process Improvement and six-sigma and/ or data analysis experience
Capable of performing complex analyses and formulating solutions independently
Experience with root cause analysis
Experience working with internal and external auditors
Enterprise Job Description:
This job is responsible for driving and executing on internal control discipline and operational excellence within a Line of Business (LOB) or Enterprise Control Function (ECF). Key responsibilities include providing analytical and administrative support for LOB or ECF specific processes and tools to drive adherence to enterprise-wide standards. Job expectations include monitoring and testing controls and implementing quality assurance and quality control processes within the LOB or ECF by evaluating data to help identify, track, and report issues and control improvements for remediation.
Responsibilities:
Additional Skills Used:
Shift:
1st shift (United States of America)Hours Per Week:
40
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