Chief Operating Officer - Audit
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:
- Drive operational excellence in all aspects of the organization e.g. set/monitor key performance indicators, make recommendations to increase business effectiveness, develop and leverage strong stakeholder relationships.
- Serve as key integration and coordination point to ensure that strong linkages between CFO/CAO/GHR Audit team and peer organizations.
- Ensure strong risk management practices and policies are effectively integrated into all operations including plan management, issue remediation.
- Drive effective management routines e.g. leadership meetings, scorecard reporting, business reviews, planning exercises, town halls, strategic communications, recognition, employee engagement, etc.
- Lead the following operational functions in support of CFO/CAO/GHR Audit team:
- Business Management including financial and workforce management, workspace management, vendor management, employee engagement, communications, and chairing/managing executive routines.
- Business Controls, Risk Management and Oversight including issue, audit and exam management and risk and compliance program governance.
- Governance, oversight and operational support.
- Communicate Corporate Audit's mission, goals, and strategies, and the importance of operational effectiveness and drive continuous improvement while demonstrating a strategic mindset and leading and supporting change.
- Oversee audit teams to ensure timely execution of the audit plan within quality standards and in conformance to audit policies and procedures.
- Leverage a risk mindset to proactively identify risks, analyze themes, and continually evaluate areas of priority against the company’s risk profile and control environment.
- Engage with senior leaders and influence business partners to balance business strategy with appropriate risk management controls.
- Maintain relationships with regulatory agencies and leadership teams by proactively driving communications and discussing audit results.
- Develop the audit coverage strategy and plan, assess risks, and provide appropriate coverage for current and/or emerging risks for assigned areas.
- Manage team performance by training and mentoring, and attract, develop, and retain a diverse workforce through talent planning.
Required Qualifications:
- 10 years of business operations experience in increasingly more complex roles; inclusive of strategy, innovation, portfolio planning & management, business management and risk management.
- Demonstrated ability to influence and integrate across functional lines and at all levels of seniority.
- Demonstrated expertise in establishing and maintaining rigorous management discipline routines & processes.
- Demonstrated ability to execute on multiple competing long and short-term priorities, often within tight time frames, prioritizing effectively while managing key stakeholder expectations throughout.
- Demonstrated ability to both influence strategy and execute at a detailed level.
- Deep understanding of the Bank’s Risk Framework and Audit (ideally both BofA and industry best practices).
- Superb written and verbal communication skills.
- Superior team player with demonstrated stakeholder management skills.
Skills:
- Audit Planning
- Regulatory Relations
- Relationship Building
- Risk Management
- Talent Development
- Critical Thinking
- Project Management
- Strategic Thinking
- Strategy Planning and Development
- Written Communications
- Executive Presence
- Financial Management
- Internal Audit Review
- Workforce Diversity Management
Shift:
1st shift (United States of America)
Hours Per Week: 40
Pay Transparency details:
Pay range: $215,000.00 - $263,200.00 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.
#J-18808-Ljbffr
