Audit Manager

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This job is responsible for overseeing assigned areas of audit work acting as an Auditor-in-Charge (AIC), and executing on the audit strategy for Lines of Business (LOBs). This role will use expertise gained auditing Global Markets or closely related areas (i.e. market risk management, product control or GM specific compliance or business controls) to execute audit work with a focus on FICC front line units. Lines of business include Rates, FX, Credit, Mortgages, Munis, and Commodities. BAC trades a wide array of products in each of these businesses in a market making capacity, include cash securities, futures, and derivatives. This experience may not come from a traditional audit background, but rather from transferrable skills from a first or second line function associated with Sales and Trading desks.  This role will build on a good working knowledge of the functions of a market making, or debt origination and lending linked to GM products (e.g. securitization markets), for example, while working in a trading capacity, as part of a risk management function, or as a Global Markets product controller or GM Finance role.

Responsibilities:

• Responsible for executing multiple areas of test work during audit activities.

• Use analytical skills and/or technical expertise to execute assigned audit testing responsibilities and identify opportunities to automate testing or create continuous monitoring.

• Independently execute audit test work on assigned audits in a timely manner and with high quality.

• Identify control deficiencies, discusses with line management and initiates control matter recommendations in assigned test areas.

• Demonstrate project management skills

• Raise issues and concerns and make recommendations for severity ratings.

• Assess issues for impact to business processes, controls and strategies; recommends severity ratings and escalation of broad themes or trends, engages in discussions about risk and demonstrates business knowledge.

• Establish business partner relationships; primary engagement is with line management.

• Exercise critical thinking and judgment to effectively influence management to improve the control environment.

• Strive to improve processes and challenge the status quo to improve existing operating environment.

Required Qualifications:

• Minimum 5+ years of Audit, Risk, Business Control, Compliance, Finance, or other relevant experience

• Familiarity with Global Markets – FICC lines of business, including trading and hedging strategies, supervisory procedures, P&L attribution, risk management, operational processes and regulatory landscape.

• Ability to plan, execute and evaluate audit test plans within a risk based audit methodology.

• Sound organizational, analytical, oral, and written communication skills. 

• 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 and intellectual curiosity.

• Strong analytical skills.  Ability to analyze large amounts of data and turn it into usable information.

• 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 juggle multiple work efforts and to quickly change direction, as needed.

• Proficiency in Microsoft Office Products

• Ability to converse with management on all levels.

• Excellent written and oral communication skills, ability to converse with management on all levels.

Desired Qualifications:

• Familiarity with Global Markets – FICC lines of business, including trading and hedging strategies, supervisory procedures, P&L attribution, risk management, operational processes and regulatory landscape.

• Audit or risk control risk/controls background in financial services

• Intermediate Analytical / Automation Skills (SQL, SAS, Advanced Excel and Access)

• Advanced degree

• CPA professional designation.

• Strong presentation skills

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 - NY - New York - 114 W 47TH ST (NY8114)Pay and benefits informationPay range$115,600.00 - $157,000.00 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.