Audit Manager - Global Markets Equities
Company: Disability Solutions
Location: New York
Posted on: September 28, 2024
Job Description:
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 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). 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.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), primarily of Global Markets Equities,
Futures and Options, and Research. Products include cash equities
(high touch and low touch electronic trading), derivatives, prime
brokerage, stock loan and other structured equity financing
products. Familiarity with US equity market regulations,
exchanges/execution venues, clearing and settlement processes is
preferred.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
- Specifically, knowledge of trading and hedging strategies,
supervisory procedures, P&L attribution, risk management,
operational processes and regulatory landscape strongly
preferred.
- Experience in validation of audit and regulatory issues.
Support in preparation of regulatory exams by creating presentation
materials and providing timely responses to inquiries.
- Leverage available data and analytical tools during the
planning, fieldwork, and reporting phases of audit delivery.
- Effective influence skills in communicating findings. This
individual must be an articulate and effective communicator, both
verbally and in writing.Required Qualifications:
- Minimum 6 years of audit experience in areas related to capital
markets, equity and equity linked products, derivatives, front
office risk management, laws and regulations, banking regulations,
local standards, and internal policies.
- Minimum 2 years of experience leading audits and performing in
the role of auditor-in-charge.Desired Qualifications:
- Bachelors or Master's Degree in Business, Economics, Finance,
or other quantitative field or Master of Business
Administration.
- Chartered Financial Analyst (CFA), Financial Risk Manager
(FRM), Certified Internal Auditor (CIA) or relevant securities
licenses preferred.
- Intermediate Analytical / Automation Skills (SQL, Alteryx,
Advanced Excel and Access)
- Experience of working in large, global financial institution,
preferably a bank or large brokerage house.Skills:
- Analytical Thinking
- Audit Planning
- Internal Audit Review
- Issue Management
- Risk Management
- Business Acumen
- Coaching
- Project Management
- Relationship Building
- Written Communications
- Attention to Detail
- Automation
- Critical Thinking
- Technical DocumentationShift:1st shift (United States of
America)Hours Per Week: 40Pay Transparency detailsUS - 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.
Keywords: Disability Solutions, New York , Audit Manager - Global Markets Equities, Accounting, Auditing , New York, New York
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