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Bank of America

Runs a US consumer bank, brokerage and investment bank

Business Controls Analyst

Full-Time
No salary listed
Mid
Bachelor's
Charlotte, NC, USA
In PersonIn-office work is expected.
Risk & ComplianceInternal Audit & Controls, Regulatory Compliance & Ethics

About the job

Requirements
  • A four-year bachelor's degree.
  • One to three years of experience working as a Business Support Analyst.
  • Self-motivation, attention to detail, and a high energy level.
  • Detail-oriented analytical, process, project management, and organizational skills.
  • Ability to execute assigned tasks independently and meet required deadlines.
  • Ability to collaborate, manage, and expand relationships across the organization.
  • Analytical, logical reasoning, and problem-solving skills.
  • Strong written and verbal communication abilities.
Responsibilities
  • Support the International Regulatory Change Management program by maintaining regulatory inventories, coordinating with regional teams, producing governance reporting, facilitating regulatory forums, and driving process enhancements and automation efforts.
  • Support Product Risk Management governance by reviewing product initiative submissions, maintaining the product initiative pipeline and inventory, and ensuring required information is captured for review and decision-making.
  • Lead Operational Excellence initiatives by developing dashboards, tracking improvement opportunities, promoting employee-generated solutions, and implementing reporting enhancements and automation opportunities.
  • Develop executive presentations, dashboards, metrics, and governance materials for leadership forums and Business Controls reporting.
  • Drive continuous improvement efforts by standardizing processes, documenting procedures, enhancing data quality, and identifying opportunities to improve efficiency across Business Controls programs.
  • Create business presentations on strategy, business performance, planning initiatives, and other materials for internal and external audiences.
  • Generate performance reports focused on driving business and team results.
  • Track and support weekly and monthly routines.
  • Communicate and interact with team members across various lines of business.
  • Serve as a knowledgeable resource and point person to facilitate the day-to-day operations of the team.
  • Perform comprehensive client planning, competitor research, and financial industry benchmark research.
  • Assist with ad hoc assignments, typically under time constraints.
Desired Qualifications
  • Advanced knowledge of Excel, Power BI, Power Query, and Power Apps.
  • Project management skills.
  • Reporting.
  • Business process analysis.
  • Continuous improvement.
  • Data visualization.
  • Data and trend analysis.
  • Issue management.

About the company

Bank of America runs one of the largest US banks, serving consumers, small businesses, wealthy families, corporations and institutional investors. Alongside checking accounts, credit cards, mortgages and business loans, it owns the Merrill brokerage, a private bank for wealthy clients and a global investment bank that advises on deals and trades stocks and bonds. Customers reach it through thousands of branches and ATMs and its mobile banking app. It earns money mainly from the gap between what it charges on loans and pays on deposits, plus fees from advice, asset management, deal work and trading. It grew from a San Francisco bank founded in 1904 and is headquartered in Charlotte, North Carolina.

Company Size

10,001+

Company Stage

IPO

Headquarters

Charlotte, North Carolina

Founded

1904

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Simplify's Take

What believers are saying

  • Profits are climbing: net income rose 27% to $9.1 billion in the June 2026 quarter on trading and dealmaking.
  • Tech careers have budget behind them: $4 billion of Bank of America's $13 billion yearly tech spend funds new initiatives.
  • Cheap funding cushions profits: $530 billion of its $2.03 trillion in deposits paid no interest at June 2026.

What critics are saying

  • Falling rates pinch lending profit: lower rates partly offset its 9% rise in interest income in the June 2026 quarter.
  • AI is reshaping jobs: over 200,000 employees use AI tools, sending 400,000-plus prompts daily as of July 2026.
  • Succession remains open: CEO Brian Moynihan plans to stay through decade's end after a December 2025 executive shake-up.

What makes Bank of America unique

  • Small firms bank here: it serves 4 million small businesses and calls itself the top US small business lender.
  • Wealth management is a second engine: Merrill, its brokerage, and the Private Bank oversee about $4.9 trillion in client balances.
  • Customers use its chatbot at scale: virtual assistant Erica has logged over 3 billion client interactions since 2018.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Paid Vacation
  • Paid Sick Leave
  • Flexible Work Hours
  • Remote Work Options
  • Professional Development Budget
  • Conference Attendance Budget

Growth & Insights and Company News

Headcount

6 month growth

6%

1 year growth

-1%

2 year growth

-1%
Yahoo Finance
Oct 21st, 2026
iPhone Duo waits are 50 days at US carriers versus 102 at Apple, Bank of America says

Buyers of Apple's iPhone Duo foldable may wait far less by ordering through US carriers. A Bank of America note dated October 19 puts the average carrier wait at about 50 days, against 102 days on Apple's own store. The global weighted average wait stands at 82 days. China, Japan, the UK, Germany, France and Australia all show 95 days, pushing delivery to about January 22. Analyst Wamsi Mohan said carrier availability "appears to be much better than Apple's own website," possibly due to varying inventory allocations. Carrier purchases usually tie buyers to that carrier's instalment plan. Wait times for the iPhone 18 Pro are shrinking, falling to eight days globally and four in China. Apple reports September quarter results on November 2.

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Bank of America returns to bond market days after $8B sale with perpetual notes

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Bank of America faces more than $1.21 billion in penalties from the US Treasury Department for failing to report more than $5 billion in suspicious transactions over several years. Some of the activity was linked to Chinese money laundering networks and operations along the southwest border. The penalty is the third-largest in Treasury history. It includes a $750 million civil money penalty from the Office of the Comptroller of the Currency (OCC), the largest the OCC has levied against any bank. Regulators said problems continued after the bank signed a 2024 cease-and-desist order. The bank admitted it willfully violated the Bank Secrecy Act. The charge will cut third-quarter net income by about 17 cents per share. Chief executive officer Brian Moynihan said the bank has added thousands of staff and is deep into remediation. Third-quarter net income was $6.9 billion.

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