Full-Time

Senior Auditor

Economic Sanctions

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

$83.5k - $102.4kAnnually

+ Discretionary Incentive

Senior

Stamford, CT, USA + 5 more

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

Job requires in-office presence in listed locations.

Category
Auditing
Financial Accounting
Forensic Accounting
Accounting
Requirements
  • Bachelor's or Master's Degree
  • Minimum 1-3 years of audit experience in areas related to AML, sanctions and fraud risk management programs and regulations, banking regulations, local standards, and internal policies, or
  • Minimum 1-3 years of experience conducting Economic Sanction audits, Risk Management audits, Compliance audits or a combination, or
  • Minimum of 1-3 experience in Audit, Compliance, Risk, Business Controls, or other related experience
  • Excellent project management, interpersonal, oral and written communication skills; strong attention to detail and accuracy
  • Exceptional analytical and critical thinking abilities; Able to develop and convey a point of view
  • Professionalism, dependability, integrity and trustworthiness combined with a cooperative attitude. Able to thrive in a dynamic team environment
  • Highly motivated self-starter with ability to multitask and complete assignments within time constraints and deadlines. Individual with desire to learn and teach others, high energy, positive attitude
  • Proficiency in Microsoft Office products
  • Analytical Thinking
  • Attention to Detail
  • Internal Audit Review
  • Risk Management
  • Technical Documentation
  • Automation
  • Business Acumen
  • Issue Management
  • Project Management
  • Critical Thinking
  • Relationship Building
  • Written Communications
  • Certified Anti-Money Laundering Specialist (CAMS), Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certified Regulatory Compliance Manager (CRCM), or Certified Fraud Examiner (CFE)
Responsibilities
  • 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)
  • Experience with economic sanctions related risks and a solid business understanding of financial services industry, especially those associated with correspondent banking, corporate banking, treasury management and capital markets conducting sanctions reviews.
  • Perform sanctions audits at the enterprise level as well as other diverse lines of business and specialty areas;
  • Experience in US financial crime regulations including OFAC,
  • Support the execution of sanctions audit as well as regulatory and partner exams by creating presentation materials and providing timely responses to inquiries.
  • Design and perform compliance audit procedures, including identifying and defining issues, reviewing and analyzing evidence, and documenting processes;
  • Leverage available data and analytical tools during the planning, fieldwork, and reporting phases of audit delivery;
  • Communicate the results of audit projects to management (written reports/oral presentations);
  • Establish and build working relationships with internal and external management;
  • Perform sanctions risk assessments of business activities, potential risks exposures, and materiality of loss; and
  • Demonstrates experience in managing integrated internal audit and assurance delivery.
  • Effective influence skills in communicating findings. This individual must be an articulate and effective communicator, both verbally and in writing.
  • Strong interpersonal skills for interfacing with all levels of internal and external audit and management

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.

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