Full-Time

Audit Manager

Global Financial Crimes

Posted on 11/22/2024

Bank of America

Bank of America

10,001+ employees

Provides banking, investment, and asset management services

Compensation Overview

$115.6k - $157kAnnually

+ Discretionary Incentive

Senior, Expert

Stamford, CT, USA + 5 more

More locations: Providence, RI, USA | Chicago, IL, USA | Charlotte, NC, USA | Hartford, CT, USA | Wilmington, DE, USA

The job requires in-office presence in one of the listed cities.

Category
Auditing
Forensic Accounting
Accounting
Required Skills
SAS
SQL
Excel/Numbers/Sheets
Requirements
  • 7+ years of general auditing experience with a finance or control function, internal audit function or public accounting firm, preferably within the Banking or Financial Services industry
  • Intermediate Analytical / Automation Skills (SQL, SAS, Advanced Excel and Access)
  • Ability to execute audit test plans within a risk based audit methodology
  • Sound organizational, analytical, oral and written communication skills
  • Self-starter, desire to learn able to teach others, positive attitude, exhibits flexibility
  • Ability to work in a very detailed manner
  • Proficiency in Microsoft Office Products
Responsibilities
  • Demonstrates the ability to work independently and within a team environment to deliver high-quality audit testing
  • Willingness to learn new subject matters in the Financial Crime regulatory compliance space and apply learnings to assist the company in risk identification and mitigation
  • Executes audit strategy for the sound application of risk-based auditing by defining audit scope and audit program, and leverages automation and innovative methods in a timely and high quality manner
  • Identifies control deficiencies, discusses with line management, and initiates control matter recommendations
  • Establishes business partner relationships, primarily with line management, to develop business knowledge
  • Assesses impacts to business processes, controls, and strategies to provide recommendations on severity ratings
  • Exercises sound judgment to effectively influence management to improve the control environment while developing knowledge of product, business, and technical expertise
  • Develops skills to use innovative tools to complete audit activities more efficiently (e.g., testing)
Desired Qualifications
  • Bachelor's or advanced degree
  • Certifications: CAMS, CIA, CPA etc.
  • Experience with automation and data analytics
  • Experience engaging with regulators
  • Experience in Financial Crime Regulatory Compliance (BSA/AML and Sanctions)

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. One of its key strengths is its position as a leading wealth management firm, as well as its prominence in corporate and investment banking and trading. Unlike many of its competitors, Bank of America combines a vast network of services with a strong focus on both personal and corporate financial needs. The company's goal is to help clients achieve their financial objectives through comprehensive and accessible financial solutions.

Company Size

10,001+

Company Stage

IPO

Headquarters

Charlotte, North Carolina

Founded

1904

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Simplify's Take

What believers are saying

  • Growing demand for digital banking boosts Bank of America's online service offerings.
  • Interest in sustainable finance aligns with Bank of America's green investment opportunities.
  • Fintech partnerships enhance Bank of America's customer experience and technological capabilities.

What critics are saying

  • Increased competition in credit facilities may tighten Bank of America's profit margins.
  • Large-scale capital raises by companies could pressure Bank of America to offer better terms.
  • Innovative financial products by competitors may require Bank of America to adapt quickly.

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 bank is a pioneer in wealth management and risk management services.

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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

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