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!
Job Description:
This job is responsible for independently performing test work during highly complex audit activities for Lines of Business (LOBs). Key responsibilities include independently designing and executing audit tests, assessing issues for business impact and recommending severity ratings, and establishing business partner relationships. Job expectations include evaluating the control environment, fostering an inclusive work environment, applying product, business, and technical expertise, and supporting team members with development.
Position Summary:
This role is for the Global Corporate and Investment Banking audit team. We cover audits for businesses such as equity capital markets, debt capital markets, investment banking, corporate banking coverage and leasing. The team is also responsible for credit risk management and global payment services audits in EMEA.
The candidate will be working with the team based in EMEA and APAC and most of our audits are global. An Audit Supervisor is expected to work with the assigned area independently and may lead small audits.
Responsibilities:
- Executes audit strategy for the sound application of risk-based auditing by defining audit scope and audit programs, and leverages automation and innovative methods in a timely and high quality manner
- Exercises sound knowledge of product, business, and technical expertise to effectively challenge management to improve the control environment
- Assesses impacts to business processes, controls, and strategies to provide recommendations on severity ratings
- Provides input on draft audit reports and shares audit results with business leaders
- Supports the development of peers and teams through on-the-job-training and fosters an inclusive work environment
- Establishes business partner relationships, primarily with line management, to develop business knowledge
- Uses innovative tools to complete audit activities more efficiently (e.g., testing)
- Support multiple projects using technology and analytic techniques to work effectively and efficiently in a fast-paced environment.
Required Qualifications:
- Bachelor's Degree or equivalent work experience
- Minimum 5-7 years of internal audit or front office business control or compliance or risk management experience covering the corporate and investment banking (GCIB) business (e.g. equity capital markets, debt capital markets, investment banking, corporate banking, leasing etc.)
- Minimum 2 years of experience auditing the Investment Banking Business within an organization (GCIB)
- Experience with risk and control identification and assessment
- Experience with stakeholder management
- Pro-active, positive attitude, exhibits sense of ownership, flexibility and intellectual curiosity
- Sound organizational, analytical, oral, and written communication skills
Desired Qualifications:
- Experience with coaching less experienced team members
- Experience of working in a large global bank
- Chartered Financial Analyst (CFA), Certified Public Accountants (CPA), Financial Risk Manager (FRM), Certified Internal Auditor (CIA) or relevant qualifications
- Familiar with risk and controls in the business mentioned
- Analytical skills
- Makes sound judgement regarding gaps and risks associated
- Stakeholder engagement and communication skills
Skills:
- Analytical Thinking
- Audit Planning
- Internal Audit Review
- Issue Management
- Risk Management
- Attention to Detail
- Automation
- Business Acumen
- Project Management
- Technical Documentation
- Coaching
- Critical Thinking
- Relationship Building
- Written Communications
- Knowledge of banking products and processes
Shift:
1st shift (United States of America)
**Hours Per Week: **
40
Pay Transparency details
US - NY - New York - 114 W 47th St - 114 W 47th St - Ust (NY8114)
Pay and benefits information
Pay range
$103,000.00 - $128,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.