Job Descriptions

Business Control

Job Description

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Business Control

Job Description

4.6

159

votes
for Business Control

Business control
provides guidance and counsel to the Retail / Wholesale Risk staff to ensure effective risk and control processes and practices that are in compliance with Bank and regulatory requirements.

Business Control

Duties & Responsibilities

To write an effective business control job description, begin by listing detailed duties, responsibilities and expectations. We have included business control job description templates that you can modify and use.

Sample responsibilities for this position include:

Ensures compliance with relevant regulations internal and external policies and procedures

Consolidation of daily/weekly/monthly Securitized Products reports

Management reporting of various metrics including Front Office/Back Office break trends, Structured Trade Reviews, EITF, and P&L completion times

Ensure all source feed processes and quality assurance checks are completed by off shore production team

Ensure follow up with owners and necessary adjustments are performed by production team to resolve breaks

Support on all reconciliation queries

Assist in reviewing head office break templates prepared by the production team

Participation on daily production calls with the offshore team during production cycle and assist the US lead and offshore team on critical production issues

Work with the off-shore team, Regional and Global RWA teams on RWA queries and issues on resolutions

Support the US lead and team with ad hoc projects and deliverables

Business Control

Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for

Business Control

List any licenses or certifications required by the position:
CISSP, CISA, ACAMS, CISM, CRISC, PMP, CAMS, PMI, CPA, ORM

Education for

Business Control

Typically a job would require a certain level of education.

Employers hiring for the business control job most commonly would prefer for their future employee to have a relevant degree such as

Bachelor’s and Master’s Degree

Finance, Business, Accounting, Economics, Education, Management, Technical, Business/Administration, Computer Science, Statistics

Skills for

Business Control

Desired skills for
business control
include:

Financial services sector

Particularly with the competitive dynamics and products in retail banking and risk management

Regulations

Relevant regulatory compliance

Industry regulations and regulatory data sources

Microsoft Excel

Processes and Procedures:

Risk Management Policies

Word

Changes to the regulatory environment to ensure proper compliance with processes and requirements are followed

Desired experience for
business control
includes:

Validation of the trade details of all trading positions

Various involvement with strategic and continuous improvement projects initiatives to continuously improve daily functions and systems/ applications

Ensure strong controls are in operation and assist the on shore and offshore teams in the resolution of control issues identified

Support IHC/FinRep/CoRep reporting

Assist on all audit requests, internal and external

At least 2 years experience in Accounting and Finance

Business Control

Examples

Business Control Job Description

Job Description Example

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Microsoft Word (.docx)

.DOCX
PDF Document (.pdf)

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Our company is growing rapidly and is searching for experienced candidates for the position of business control. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.

Responsibilities for business control

Supervise the operation of business controls to meet regulatory requirements
Efficiently keep the business compliant with regulatory controls
Assuring quality of Deutsche Wealth Management KCP policies and procedures and alignment with group policies
Support control implementation and oversee control execution, Written Supervisory Procedures (WSPs), Compliance Control Framework, Fraud and Bribery assessment, internal/external Audit issues
Assess the effectiveness of executed controls (WSPs) by supervisors
Introduce new controls and control improvements
Analyze management information (MI) on controls jointly with the business
Coordinates Know Your Client (KYC) processes between business and Group Technology and Operations (GTO) onboarding teams, ensuring all documents are correct and filed and stored appropriately
Undertakes tasks as required to ensure performance is sustained against agreed Service Level Agreements (SLAs), Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs)
Act as point of contact for Internal and External Audit Teams the Central Bank in relation to Risk and Governance audits

Qualifications for business control

Assess the adequacy of controls and their ongoing effectiveness
Provide guidance and coaching to associates with the usage of risk tools and processes
Conduct or support peer review and audit when required
Coordinate or collaborate on meeting routines, reports and monitoring of operational losses and control performance, tracking and reporting compliance to required standards, and related risk management routines
Manage cross functional projects by driving communication and coordination across multiple divisions to ensure the timely completion of objectives and the seamless execution of project plans
Good knowledge or previous experience in investment banking or Wealth Management

Business Control Job Description

Job Description Example

Download

Microsoft Word (.docx)

.DOCX
PDF Document (.pdf)

.PDF
Image File (.png)

.PNG

Our company is looking to fill the role of business control. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.

Responsibilities for business control

Taking active part in the development of business processes and procedures, methods, information and systems strategies and action plans in order to improve business performance and company profitability
Discount management and price planning
Develop and implement customer & distributor pricing strategies
Analysis of results on segment, product and customer level, with recommendations for action to local management team
Develop & ensure efficiencies as it relates to pricing processes
Coordinate and implement pricing routines given by Sales Area America (SAA) and Coromant global pricing
Report price results to SAA and parent company
Ensure local coordination / implementation of all strategic and cross-border customer programs in Canada, including “data collections” for strategic and cross-border customers
Understand competitor’s prices as it relates to the local market
Support local campaigns with price simulations and discount analysis

Qualifications for business control

Where gaps have been identified, you would provide suggestions on how they can be closed
As one of the experienced members of the team, you are responsible to guide the junior business controllers
Minimum 5 years’ experience in Controlling positions in an international environment
Collaborate with a diverse range of stakeholders from sales, marketing, finance, legal, procurement, IT
Implement annual discount policy changes to distributors including calculations and feedback about quarterly discounts
Competitive Quotes and others for all type of customers

Business Control Job Description

Job Description Example

Download

Microsoft Word (.docx)

.DOCX
PDF Document (.pdf)

.PDF
Image File (.png)

.PNG

Our company is searching for experienced candidates for the position of business control. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.

Responsibilities for business control

Strong communication skills will be needed to synthesize technical content to senior level management
Proactive and diligent and able to partner with other teams to resolve issues where necessary
Self motivated, and able to identify solutions to issues
Confident to question the status quo/ existing control framework
Degree qualified (or similar qualification)
Serve on different functional and cross-functional committees
Business support to GTA&JV management management and participation in different projects
Support development and execution of plans to achieve the operational risk management goals of the Chief Operating Officer and/or Head of BRCM
Manage fraud risk assessments
Promote operational risk awareness

Qualifications for business control

Quantitative, analytical skills with ability to manage multiple projects
Availability to travel if required, nationally and internationally
Manage BRCM personnel
Direct the identification of compliance risks and associated controls
Manage fiduciary risk and control assessments
Manage operational risks and controls associated with introduction, modification, and expansion of a product or service

Business Control Job Description

Job Description Example

Download

Microsoft Word (.docx)

.DOCX
PDF Document (.pdf)

.PDF
Image File (.png)

.PNG

Our innovative and growing company is searching for experienced candidates for the position of business control. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.

Responsibilities for business control

Participate in the Risk Control and Self-Assessment (RCSA) process, including development of risk assessment matrices and execution of required Control testing
Review internal controls and procedures to ensure that business activities (new and existing) conform to established business unit guidelines and identify control gaps and opportunities for improvement
Plan and perform internal reviews of procedures and controls residing within various product and business areas to ensure the business is adequately prepared for all audits, compliance exams, and regulatory inquiries
Report risk management issues and internal control deficiencies identified to Business Control Unit Manager and ensure that issues and corrective action plans are posted to OpenPages system
Regulatory Rule Implementation – Work with Investment Solutions Legal and Compliance teams to interpret regulatory rules impacting Investment Solutions and implement appropriate controls and policies ensuring the Division operates in accordance with industry regulatory standards and within the Firm’s risk guidelines
Front-to-Back Analysis – Analyze the businesses products and practices to ensure compliance with current industry regulatory standards and best practices
Assist senior members of the team in various firm committees, including meeting preparation, data analysis and product reviews
Conduct controls testing and complete testing workpapers in accordance with firm and professional auditing standards
Review of existing Business Practices (Operational, Sales & Marketing, ) to determine whether enhancements/changes are needed
Ensure that operational risk incidents are properly posted to and processed through the Risk Incident Tracking Application (ReCap)

Qualifications for business control

Proficiency in MS Office, advanced skills with Excel
Experience with CRM/ERP systems is an asset
Experience of Automotive industry preferred but not essential
Series 7 & 66 licensing preferred or ability to obtain within 120 days
CPA/CISA/CIA preferred
Thorough understanding of Investment Solutions products including mutual funds, closed-end funds, unit investment trusts, 529 plans, alternative investments, fixed income and equities

Business Control Job Description

Job Description Example

Download

Microsoft Word (.docx)

.DOCX
PDF Document (.pdf)

.PDF
Image File (.png)

.PNG

Our innovative and growing company is looking for a business control. To join our growing team, please review the list of responsibilities and qualifications.

Responsibilities for business control

Developing robust relationships with project leaders in order to influence, challenge and support financial control related strategy and practices
Contributing to a wide variety of projects and development initiatives
Weekly/monthly documentation preparation/action tracking and secretariat duties
Support to and leadership on behalf of the Head of BD&C, achieving robust governance by facilitating and ensuring the smooth running of the EMEA governance framework This will involve deputising for the Head of BD&C on occasion at various forums
Providing support and guidance, act as critical point of contact for the broader Barclays Group on matters related to BD&C
Drive the implementation of critical initiatives for the EMEA business, working with all key stakeholders to ensure effective implementation and embedding of initiatives
Drive cost and efficiency improvements, and support implementation of the broader Barclays Group agenda across PB EMEA to maximise the value / returns to shareholders
Support the day-to-day management of the strategic BD&C priorities
Co-ordinate and manage BD&C liaison with the appropriate infrastructure and Transformation teams and with the wider group stakeholders, ensuring effective implementation and embedding of new projects and change initiatives that will land across the business
Drive consistency of processes and ensure that all platforms have a consistent approach to business delivery, risk and control

Qualifications for business control

Understanding policies, procedures, and practices in the industry, with a focus on regulatory rules and compliance
Strong understanding of Compliance and Audit practices
Ability to work independently, promote teamwork and demonstrate sound reasoning and judgment
Understanding of Investment Solutions products including mutual funds, closed-end funds, unit investment trusts, 529 plans, alternative investments, traditional fixed income and equities
Strong knowledge of operating policies, procedures and
Collaborate with GBAM Technology divisions, Risk Leads, and process owners to monitor and assess risks and related control gaps