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Assistant Vice President/ Vice President, Senior Auditor/ Audit Supervisor

Mumbai, , India;

Job Description:

Your background

  • Minimum 8-10 years of Internal Audit / front office/risk management experience with minimum 3 to 5 years in the Banking business.

  • Minimum 3 years of University level of education in a recognized University.

  • Professional Certification - CA / ACCA / CFA / FRM / CIA will be a plus

  • Knowledge of Banking products / process and associated risks.

  • Able to perform effectively under pressure and comfortable at engaging with senior management on complex issues.

  • Solid risk assessment, analytical and problem solving skills.

  • Demonstrated ability to work with people at all levels of an organization across regions.

  • Problem solving skills including ability to apply critical thinking. 

  • Exceptional attention to details.

  • Develop team members by providing day to day coaching and guidance when acting as an AIC.

  • Sound project and time management skills.

  • Excellent communication skills (verbal and written) in English

What you can expect

The role sits within the APAC Global Banking and Credit Risk Corporate Audit team at an AVP/VP level and also involves interactions across teams in the EMEA, Americas and Latam regions.

The team provides audit coverage of Global Banking business globally and Credit Risk Management in APAC, which covers the full suite of businesses across Corporate & Investment Banking (GCIB), Commercial Banking (GCB), Debt and Equity Capital Markets, Global Leasing, and Global Transaction Services (GTS), e.g. Global Payments, Trade Finance.

This is a high visibility role and requires engagement with both global and regional stakeholders across various businesses and functions within the Global Banking Business and Credit Risk Management.

What you will do

 The role involves playing a lead role in the audits of Global Banking front office and Credit Risk Management. We expect the individual to work as an individual contributor or as an Auditor In-charge on regional / global audits either remotely or locally and conduct testing independently but maintain ongoing interaction and manage time zone differences. In particular:

  • Develop an audit plan (e.g. audit scope, audit test plans) based on detailed evaluation of process/business risks & controls.

  • Perform high-quality audit test execution.

  • Clearly and accurately document the execution of specific audit procedures as defined by the projects’ objectives and planned audit approach.

  • Engage with business stakeholders to agree on potential issues / control gaps.

  • Drafts quality and timely audit reports supporting audit opinions and share results with audit and business leaders.

  • Direct and mentor junior team members.

  • Ensure timely completion of audits.

Exercise critical and out of box thinking, analytical skills and professional judgment to influence business partners, senior business managers and peers.  Help business partners to balance their business strategy with appropriate risk management controls.

Work in a very detailed manner as well as look broadly across a population and develop connections and themes identifying risks and concerns.

Demonstrate professionalism and competence. Stay informed of current economic developments, risk, processes, and controls relevant to Global Banking incl. Transaction Banking business.

About Bank of America

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the world

Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

Job Band:

H5

Shift: 

Hours Per Week:

45

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: Senior Auditor/ Audit Supervisor

Corporate Title: Assistant Vice President/ Vice President,

Location: Mumbai

Your background

  • Minimum 8-10 years of Internal Audit / front office/risk management experience with minimum 3 to 5 years in the Banking business.
  • Minimum 3 years of University level of education in a recognized University.
  • Professional Certification - CA / ACCA / CFA / FRM / CIA will be a plus
  • Knowledge of Banking products / process and associated risks.
  • Able to perform effectively under pressure and comfortable at engaging with senior management on complex issues.
  • Solid risk assessment, analytical and problem solving skills.
  • Demonstrated ability to work with people at all levels of an organization across regions.
  • Problem solving skills including ability to apply critical thinking. 
  • Exceptional attention to details.
  • Develop team members by providing day to day coaching and guidance when acting as an AIC.
  • Sound project and time management skills.
  • Excellent communication skills (verbal and written) in English

What you can expect

The role sits within the APAC Global Banking and Credit Risk Corporate Audit team at an AVP/VP level and also involves interactions across teams in the EMEA, Americas and Latam regions.

The team provides audit coverage of Global Banking business globally and Credit Risk Management in APAC, which covers the full suite of businesses across Corporate & Investment Banking (GCIB), Commercial Banking (GCB), Debt and Equity Capital Markets, Global Leasing, and Global Transaction Services (GTS), e.g. Global Payments, Trade Finance.

This is a high visibility role and requires engagement with both global and regional stakeholders across various businesses and functions within the Global Banking Business and Credit Risk Management.

What you will do

  • The role involves playing a lead role in the audits of Global Banking front office and Credit Risk Management. We expect the individual to work as an individual contributor or as an Auditor In-charge on regional / global audits either remotely or locally and conduct testing independently but maintain ongoing interaction and manage time zone differences. In particular:
  • Develop an audit plan (e.g. audit scope, audit test plans) based on detailed evaluation of process/business risks & controls. Perform high-quality audit test execution. Clearly and accurately document the execution of specific audit procedures as defined by the projects’ objectives and planned audit approach. Engage with business stakeholders to agree on potential issues / control gaps. Drafts quality and timely audit reports supporting audit opinions and share results with audit and business leaders. Direct and mentor junior team members. Ensure timely completion of audits.
  • Exercise critical and out of box thinking, analytical skills and professional judgment to influence business partners, senior business managers and peers.  Help business partners to balance their business strategy with appropriate risk management controls.
  • Work in a very detailed manner as well as look broadly across a population and develop connections and themes identifying risks and concerns.
  • Demonstrate professionalism and competence. Stay informed of current economic developments, risk, processes, and controls relevant to Global Banking incl. Transaction Banking business.

About Bank of America

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the world

Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

Bank of America

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Learn more about this role

Full time

JR-21084457

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Vyoma Gandhi

Referral Bonus:

0