What are the responsibilities and job description for the BUSINESS CONTROL ANALYST (DEFAULT OPERATIONS) position at Cenlar?
The Business Control Analyst (BCA) is responsible for supporting the Business Control Manager (BCM). This includes, but is not limited to, performing control tests as part of the RCSA process, working with their business partners to address ineffective controls and control gaps and working with the Issue Management team to address identified issues. This role also assists the BCM in their risk and control initiatives and are mentored for movement into a BCM position.
Responsibilities :
- Assists BCM in the continuous monitoring of new issues, Quality Assurance, Quality Control, and Compliance testing to determine underlying control deficiencies / breakdowns
- Ensures proactive identification of materialized issues
- Works with BCM and Issue Management team to evaluate new issues to determine business response based on business risk appetite and Cenlar Issue Management guidelines
- Assists, as needed, with the creation of remediation Management Action Plans (MAP) and MAP activities to address root cause of open issues or linkage to pre-existing MAPs when appropriate
- Prepares and processes Risk Acceptance requests
- Works with BCM and Issue Management team to ensure closed issues successfully passing AVT Validations and Sustainability. Demonstrates improved controls as a result of closed issues
- Updates Cenlar's risk system of record (ProcessUnity)
- Identifies and escalates emerging risks
- Assists the BCM to provide control design advice and change management in response to changes in business process, technology, or compliance requirements
- Responds to Client requests (Client Audit Support / Client Management) in a timely manner
- Supports the BCM with active engagement with internal / external risk stakeholders (Audit, Compliance, Regulatory Change Management, Enterprise Change Management, Issues Management, Oversight & Control, QA / QC, P&P, AVT)
- Liaises with Cenlar's Policies and Procedures (P&P) team to ensure risks and controls are appropriately reflected within procedures
- Coordinates management responses into MAPs for submission to auditors and examiners
- Liaises with testing partners (QA, QC, Compliance) to analyze root cause of testing results and suggest remediation activity
- Liaises with Audit validation team to satisfy evidence requests for validating remediated issues. Coordinates business walkthroughs and any subsequent updates in Process Unity, as appropriate
- Assists the BCM and Issue Management team as assigned
- Appropriately assess risk when business decisions are made, include but not limited to compliance and operational risk. Demonstrate consideration for Cenlar's reputation as well as our clients, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards
Technology
Qualifications :
Additional Requirements for Technology
