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 Responsibilities:
- Audits Lines of Business (LOBs) ranging in scale and scope and produces audit reports in a timely manner that summarize results of an audit to management.
- Develops an audit plan, assesses risks, and provides appropriate coverage for current and/or emerging risks.
- Leverages a risk mindset to proactively identify risks, analyze themes, and continually evaluate areas of priority against the company’s risk profile and control environment.
- Supports Corporate Audit's mission, goals, and strategies, and drives operational effectiveness while demonstrating a strategic mindset and leading and supporting change.
- Leads the design and promotes the use of innovative tools and technological elements to drive continuous coverage of company risks.
- Maintains business partner relationships for areas assigned and challenges business management to adopt appropriate policies, procedures, and effective controls designed to mitigate risks.
- Manages team performance by training, mentoring, and defining development plans for the team.
- Develops a strategy for the Audit division to drive consistent Continuous Risk Monitoring processes and Regulatory Change Management. Defines and executes project plans to drive change, engaging with Product Owners to determine impacts to Audit Tools and enhancement opportunities.
- End to End Process ownership including driving Process improvements, monitoring process health, and Process Documentation.
- Maintains stakeholder relationships with Product Owners and Audit teams and ensures the adoption of appropriate policies, procedures, and effective controls to mitigate risks.
Required Qualifications:
- 8 years’ experience in Audit/Risk Management, or a combination of Audit/Risk Management and data analytics.
- Ability to explain complex processes and concepts; strong understanding of technology capabilities.
- Strong organizational, analytical, oral, and written communication skills including the ability to effectively present complex topics to management.
- Ability to successfully communicate to influence management and lead change on both strategic and tactical initiatives.
- Understanding of audit practices and methodologies as well as rules for professional and ethical conduct.
- Ability to think critically and apply audit and technical expertise.
Desired Qualifications:
- Advanced experience in Data Analytics.
- Experience in Regulatory Change Management.
- Experience in Process Management.
Shift: 1st shift (United States of America)
Hours Per Week: 40
Pay Transparency details:
Pay range: $141,100.00 - $199,000.00 annualized salary, offers to be determined based on experience, education, and skill set. Discretionary incentive eligible. This 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.
Benefits: This 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.
