Full-Time

Audit Manager

Consumer Compliance

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

$115.6k - $157kAnnually

+ Discretionary Incentive

Senior

Providence, RI, USA + 4 more

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

No remote work options; all locations require in-office presence.

Category
Auditing
Accounting
Required Skills
Data Analysis
Requirements
  • Minimum 8 years Audit or risk control risk/controls background preferably in financial services.
  • A minimum of 3 years in a lead auditor / Auditor-in-Charge (AIC) role, or equivalent experience.
  • Risk assessment skillset to enable evaluation of processes and other operational risks, identification of controls and determination of gaps and weaknesses.
  • Strong written/verbal communication skills with the ability to communicate issues/concerns and recommend corrective course of action. Capability to effectively influence risk direction and willingness to take a stand when required.
  • Intellectual curiosity to identify areas of risk coupled with the analytic, logical reasoning, and problem solving, risk vs. reward skills to effectively and objectively investigate/evaluate areas of risk.
  • Ability to manage audit projects within a risk-based audit methodology and provide coaching and training to junior associates within the team.
  • Must have good time management skills and the ability manage multiple priorities in a fast-paced environment.
  • Ability to work well and collaboratively as part of a team and function independently when required.
  • 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 successfully communicate to influence management and lead change in both strategic and tactical initiatives.
  • Demonstrated experience assessing risks, processes, and controls to comply with laws/regulations for and/or across multiple laws/regulations, businesses, and products.
  • Bachelor’s degree and/or Advanced degree with relevant experience.
Responsibilities
  • Executes audit strategy for the sound application of risk-based auditing by defining audit scope and audit programs, and drafting audit reports leveraging automation and innovative methods in a timely and high quality manner
  • Acts as Auditor-in-Charge (AIC) by overseeing audit testing and ensuring it is executed in a timely manner and conforms with quality standards, audit policies, and procedures
  • Assesses impacts to business processes, controls, and strategies to provide recommendations on severity ratings and escalate broad themes or trends accordingly based on existing business knowledge
  • Exercises intellectual curiosity and judgment to effectively influence and challenge management to improve the control environment and drive continuous improvements on audit
  • Oversees a team of associates and provides day-to-day mentoring and guidance and fosters an inclusive work environment
  • Maintains business partner relationships, primarily with line management, to develop business knowledge
  • Exercises sound knowledge of product, business, and technical expertise to effectively challenge management to improve the control environment

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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