Job Highlights
Title: Audit Manager
Type: Full Time
Experience: 5-7 Years
Function: Executing/Auditing
Location: Wilmington, DE, United States
Company: Bank of America
Company Profile
Bank of America is one of the world’s largest financial institutions, serving individuals, small- and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services.
Job Profile
The bank is hiring an Audit Manager who will be responsible for overseeing assigned areas of audit work, acting as an Auditor-in-Charge (AIC), and executing the audit strategy for Lines of Business (LOBs). The key responsibilities include driving risk-based auditing by defining scope and test procedures to evaluate the control environment in conformance with audit policies, assessing issues for business impact and recommending severity ratings, drafting audit reports, and managing business partner relationships. Job expectations include fostering an inclusive work environment and mentoring team members.
Responsible for providing independent and objective assurance to improve the organization’s operations and compliance with key regulations by evaluating the effectiveness of risk management, control, and governance processes.
Manage a team of auditors in performing independent testing of high-profile, enterprise-wide focus areas, which will provide opportunities to further develop subject matter expertise in specialized areas that are in high demand.
Education Level
- Bachelor’s Degree or Equivalent
Work Experience
- Minimum 5-7 years of audit, risk, business control, compliance, finance, or other relevant experience.
Duties/Responsibilities
- Acts as Auditor-in-Charge (AIC) by overseeing audit testing and ensuring it is executed on time and conforms with quality standards, audit policies, and procedures.
- Assesses impacts on business processes, controls, and strategies to provide recommendations on severity ratings and escalate broad themes or trends accordingly based on existing business knowledge.
- 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.
- Exercises intellectual curiosity and judgment to effectively influence and challenge management to improve the control environment and drive continuous improvements on audit.
- Exercises sound knowledge of product, business, and technical expertise to effectively challenge management to improve the control environment.
- Maintains business partner relationships, primarily with line management, to develop business knowledge.
- Oversees a team of associates and provides day-to-day mentoring and guidance and fosters an inclusive work environment.
Required Qualifications
- Ability to manage audit projects within a risk-based audit methodology and provide coaching and training to junior associates within the team.
- Ability to work in a very detailed manner.
- Intermediate Analytical/Automation Skills (SQL, SAS, Advanced Excel and Access).
- Proficiency in Microsoft Office Products.
- Self-starter, desire to learn able to teach others, positive attitude, exhibits flexibility.
- Solid understanding of internal audit processes and methodology requirements.
- Sound organizational, analytical, oral, and written communication skills.
- Working knowledge of capital adequacy process, stress testing, baseline forecasting, or U.S. standardized and advanced approaches to capital requirements.
Skills/Knowledge/Abilities
- Analytical Thinking
- Attention to Detail
- Audit Planning
- Automation
- Business Acumen
- Coaching
- Critical Thinking
- Internal Audit Review
- Issue Management
- Project Management
- Relationship Building
- Risk Management
- Technical Documentation
- Written Communications
Working Conditions
- Ability to travel up to 10% of the time.
Benefits/Perks
- The bank offers a variety of competitive programs and benefits that support your physical, emotional, and financial wellness at work and home.
Employer’s Statement
Bank of America (including affiliates) is an Equal Opportunity Employer. The bank considers all qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status, or any factor prohibited by law.
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