Audit Supervisor

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description: This job is responsible for performing test work during moderately complex audit activities for Lines of Business (LOBs). Key responsibilities include designing and executing audit tests to evaluate the control environment and assessing issues for business impact and recommending severity ratings under the supervision of senior team members.The focus of testing will be monitoring and identifying emerging risks to assess compliance with Bank Secrecy Act (BSA) / Anti-Money Laundering regulatory requirements.

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)

  Uses analytical skills to identify trends, themes, and emerging risks both internally and externally in order to inform the audit plan and improve quality of targeted testing

Required Qualifications:

• 5+ 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

• Experience in data visualization and reporting

Desired Qualifications:

• Bachelor’s degree or advanced degree

• Certifications: CAMS, CIA

• Experience in Financial Crime Regulatory Compliance (BSA/AML)

• Experience in Audit

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

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)Pay and benefits informationPay range$100,000.00 - $125,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.