Full-Time

Audit Supervisor

Fair Lending

Confirmed live in the last 24 hours

Bank of America

Bank of America

10,001+ employees

Provides banking, investment, and asset management services

Fintech
Financial Services

Compensation Overview

$100k - $125kAnnually

+ Discretionary Incentive

Senior

Boston, MA, USA + 4 more

More locations: Providence, RI, USA | Dallas, TX, USA | Charlotte, NC, USA | Wilmington, DE, USA

Category
Auditing
Accounting
Required Skills
Data Analysis
Requirements
  • Minimum of 5 years experience in Audit, Compliance, Risk, Business Controls, or other related experience
  • Experience in fair lending and the financial services industry
  • Strong project management, interpersonal, oral and written communication skills; strong attention to detail and accuracy
  • Experience in performing end-to-end substantive testing. Understanding of statistical sampling testing approach is a plus.
  • Ability to plan, execute and evaluate audit test plans within a risk-based audit methodology.
  • Strong analytical skills. Ability to analyze large amounts of data and turn it into usable information.
  • Ability to work in a very detailed manner as well as to look broadly across a population and develop connections and themes identifying risk and concerns.
  • Ability to successfully communicate to influence management and lead change in both strategic and tactical initiatives.
  • Self-starter, desire to learn able to teach others, positive attitude, exhibits flexibility.
  • 1 – 3 years in a lead auditor / Auditor-in-Charge (AIC) role (Desired Qualification)
  • Fair Lending Audit or Compliance background in financial services (Desired Qualification)
  • Professional Compliance or Audit Certification desired (e.g. CRCM (Certified Regulatory Compliance Manager), CIA (Certified Internal Auditor)) (Desired Qualification)
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)

Bank of America provides a wide range of financial services to individuals, small and medium-sized businesses, and large corporations. Their offerings include banking, investing, asset management, and risk management products. The company serves around 56 million consumer and small business clients in the U.S. and is recognized as a leading wealth management firm. Additionally, Bank of America is a major player in corporate and investment banking, as well as trading. What sets Bank of America apart from its competitors is its extensive client base and comprehensive suite of services that cater to various financial needs. The company's goal is to help clients achieve their financial objectives through tailored solutions and expert guidance.

Company Stage

IPO

Total Funding

N/A

Headquarters

Charlotte, North Carolina

Founded

1904

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Simplify's Take

What believers are saying

  • Increased demand for digital banking boosts Bank of America's online services.
  • Growing interest in sustainable finance aligns with Bank of America's ESG initiatives.
  • Fintech partnerships enhance customer experience and operational efficiency.

What critics are saying

  • Increased competition in credit facilities may strain Bank of America's resources.
  • Syndicated loan platforms could disrupt traditional banking models and reduce market share.

What makes Bank of America unique

  • Bank of America is a global leader in corporate and investment banking.
  • It serves approximately 56 million U.S. consumer and small business relationships.
  • The company is a leading wealth management institution worldwide.

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