Simplify Logo

Full-Time

Audit Supervisor

Global Market Ops, Nfrr, Tax & Credit Reporting Ops

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

Stamford, CT, USA + 6 more

More locations: Providence, RI, USA | Dallas, TX, USA | Charlotte, NC, USA | Hartford, CT, USA | Wilmington, DE, USA | Atlanta, GA, USA

Specific addresses provided for East Hartford, Stamford, and Providence.

Category
Quality Control & Compliance
Operations & Logistics
Required Skills
Data Analysis
Requirements
  • 5+ years Audit, Internal Auditor risk control risk/controls background in financial services
  • Bachelor’s degree and/or Advanced degree with relevant experience
  • Strong project management skills, proven organizational, coordination and action tracking skills
  • 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 analyze very complex processes with multiple systems and handover points, with manual and automated elements, to determine key controls and find gaps/deficiencies in the process.
  • Questioning and curious mind that challenges the process and process owners to find process gaps
  • Ability to prioritize several concurrent activities (such as point in time audits, issue validation, business entity risk assessment updates, stakeholder meetings, or ad-hoc regulatory request)
  • Confidence and ability to discuss process gaps and challenge LOB’s control framework during often difficult conversations
  • 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
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 of issues to business processes, controls, and strategies to provide recommendations on issue severity ratings
  • Provides input on draft audit reports and shares audit results with business leaders
  • Exercises critical thinking and judgment to effectively influence management to improve the control environment
  • Consistently strives to improve processes and challenge the status quo to improve existing operating environment
  • 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. 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 goal of Bank of America is to help clients achieve their financial goals through comprehensive financial solutions.

Company Stage

IPO

Total Funding

N/A

Headquarters

Charlotte, North Carolina

Founded

N/A

Growth & Insights
Headcount

6 month growth

0%

1 year growth

-17%

2 year growth

-17%
Simplify Jobs

Simplify's Take

What believers are saying

  • Working at Bank of America offers exposure to a diverse range of financial products and services, enhancing career development opportunities.
  • The bank's leadership in wealth management and investment banking provides employees with the chance to work on high-impact projects and deals.
  • Bank of America's global presence and strong market position offer stability and growth potential for employees.

What critics are saying

  • The highly competitive nature of the financial services industry requires Bank of America to continuously innovate to maintain its market position.
  • Regulatory changes and economic fluctuations can impact the bank's operations and profitability, posing challenges for employees.

What makes Bank of America unique

  • Bank of America stands out as a global leader in corporate and investment banking, offering a comprehensive suite of financial services that cater to a wide range of clients from individuals to large corporations.
  • The bank's extensive network and relationships with approximately 56 million U.S. consumer and small business clients provide a significant competitive edge in the financial services industry.
  • Bank of America's involvement in high-profile credit facilities, such as Uber's $5B revolving credit, showcases its capability to handle large-scale financial transactions.

Help us improve and share your feedback! Did you find this helpful?