Audit Manager - Global Corporate and Investment Banking
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 role is
for the Global Corporate and Investment Banking audit team. We
cover audits for businesses such as equity capital markets, debt
capital markets, investment banking, corporate banking coverage and
leasing. The team is also responsible for credit risk management
and global payment services audits in EMEA.The candidate will be
working with the team based in EMEA and APAC and most of our audits
are global. An Audit Manager is expected to lead audits and a team
of auditors working on the audit. This role will also support the
management team with ongoing Audit related
tasks.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
- Manage multiple projects using technology and analytic
techniques to work effectively and efficiently in a fast-paced
environment. Required Qualifications:
- Minimum 3-5 years covering Internal Audit in the Corporate and
Investment Banking Business, GCIB (e.g. equity capital markets,
debt capital markets, investment banking, corporate banking,
leasing etc) (tier 1 investment bank preferred)
- Minimum 8-10 years of internal audit, front office business
control or compliance experience in financial services
- Minimum 2 years of experience leading audits and performing in
the role of auditor-in-charge
- Ability to plan, execute and evaluate audit test plans within a
risk-based audit methodology
- Sound organizational, analytical, oral, and written
communication skills
- Experience with stakeholder management and ability to influence
management and lead changes (including respectful and objective
challenge of stakeholder views on risks and controls)
- Experience with leading a team, project management and coaching
less experienced team members
- Pro-active, positive attitude, exhibits sense of ownership,
flexibility and intellectual curiosity
- Ability to manage/ juggle multiple work efforts and deliver
quality work timely
- Bachelor's DegreeDesired Qualifications:
- Chartered Financial Analyst (CFA), Certified Public Accountants
(CPA), Financial Risk Manager (FRM), Certified Internal Auditor
(CIA) or relevant qualificationsSkills:
- 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 Documentation
- Knowledge of banking products and processes
- Familiar with risk and controls in the business mentioned
- Analytical skills
- Makes sound judgement regarding gaps and risks associated
- Stakeholder engagement and communication skills, including
communicating issues
- Report writing skills
- Presentation skills - ability to summarize the key messages for
senior management/stakeholdersShift: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 Corporate and Investment Banking, Executive , New York, New York
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