girl looking into her desktop
Back to search results

Audit Supervisor / Manager (Counterparty Credit Risk)

Charlotte;

Job Description:

Job Description

Corporate Audit at Bank of America is a global team responsible for providing independent assessments of key processes and controls across the Bank in support of its Risk Framework and business strategies. Audit’s assurance and advisory services of business activities is designed to add value to Bank of America.

The teams’s coverage is global and covers Counterparty Credit Risk. The individual will be responsible for coordinating, scoping and leading team reviews (incl. large, cross-functional audits) to provide timely and complete assurance over the end-to-end Counterparty Credit Risk framework. Independently executes assigned audit activities and supervise audit team for the project engagement as well as engage in multiple projects simultaneously. Utilizes sound, seasoned analytical skills and possesses product, business, and technical expertise to execute assigned responsibilities. Exercises judgment and critical thinking to influence business partners. Identifies control trends in assigned business areas as well as impact to the business and the Bank overall by applying deep and broad business acumen.

Required Skills

To be successful in this job, the individual would have the following background:

  • Minimum 5 years of Global Markets experience, preferably covering third line of defense – Audit Counterparty Credit Risk (CCR) or second line of defense – Counterparty Credit Risk Management (CCRM) function in an investment bank, a consultancy firm, or as a regulator.
  • Deep knowledge of CCRM concepts such as PE, PFE, EPE, stressed EPE, MDD. Familiarity with CCR models for calculating these metrics.
  • Good product knowledge in all asset classes (IR, FX, Credit, Equities, Fixed Income) and covering a wide range of derivative products.
  • Thorough understanding of ISG (SR 11-10) and Basel regulations on CCR. An understanding of regulations covering market risk would also be desirable.
  • Desire to be detail oriented of the regulations by understanding the spirit of the rules.
  • Excellent written and oral communication skills, ability to converse with management on all levels
  • Ability to work in a very detailed manner as well as to look broadly across a population and develop connections and themes identifying risk and concerns
  • Strong analytical skills.  Ability to analyze large amounts of data and turn it into usable information
  • Ability to successfully communicate to influence management and lead change in both strategic and tactical initiatives
  • Ability to plan, execute and evaluate audit test plans within a risk based audit methodology. Strong project management skills, proven organizational, coordination and action tracking skills
  • Self-starter, desire to learn able to teach others, positive attitude, exhibits flexibility
  • Bachelors degree and/or Advanced degree with relevant experience
  • Dedication to fostering an inclusive culture and value diverse perspectives

Desired Skills:

  • Audit or risk control risk/controls background in financial services
  • Intermediate Analytical / Automation Skills (SQL, SAS, Advanced Excel and Access)
  • Advanced degree
  • CPA preferred

This role can be filled as an Audit Supervisor or Audit Manager based on skills and experience.

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

2000

Job Description:

Job Description

Corporate Audit at Bank of America is a global team responsible for providing independent assessments of key processes and controls across the Bank in support of its Risk Framework and business strategies. Audit’s assurance and advisory services of business activities is designed to add value to Bank of America.

The teams’s coverage is global and covers Counterparty Credit Risk. The individual will be responsible for coordinating, scoping and leading team reviews (incl. large, cross-functional audits) to provide timely and complete assurance over the end-to-end Counterparty Credit Risk framework. Independently executes assigned audit activities and supervise audit team for the project engagement as well as engage in multiple projects simultaneously. Utilizes sound, seasoned analytical skills and possesses product, business, and technical expertise to execute assigned responsibilities. Exercises judgment and critical thinking to influence business partners. Identifies control trends in assigned business areas as well as impact to the business and the Bank overall by applying deep and broad business acumen.

Required Skills

To be successful in this job, the individual would have the following background:

  • Minimum 5 years of Global Markets experience, preferably covering third line of defense – Audit Counterparty Credit Risk (CCR) or second line of defense – Counterparty Credit Risk Management (CCRM) function in an investment bank, a consultancy firm, or as a regulator.
  • Deep knowledge of CCRM concepts such as PE, PFE, EPE, stressed EPE, MDD. Familiarity with CCR models for calculating these metrics.
  • Good product knowledge in all asset classes (IR, FX, Credit, Equities, Fixed Income) and covering a wide range of derivative products.
  • Thorough understanding of ISG (SR 11-10) and Basel regulations on CCR. An understanding of regulations covering market risk would also be desirable.
  • Desire to be detail oriented of the regulations by understanding the spirit of the rules.
  • Excellent written and oral communication skills, ability to converse with management on all levels
  • Ability to work in a very detailed manner as well as to look broadly across a population and develop connections and themes identifying risk and concerns
  • Strong analytical skills.  Ability to analyze large amounts of data and turn it into usable information
  • Ability to successfully communicate to influence management and lead change in both strategic and tactical initiatives
  • Ability to plan, execute and evaluate audit test plans within a risk based audit methodology. Strong project management skills, proven organizational, coordination and action tracking skills
  • Self-starter, desire to learn able to teach others, positive attitude, exhibits flexibility
  • Bachelors degree and/or Advanced degree with relevant experience
  • Dedication to fostering an inclusive culture and value diverse perspectives

Desired Skills:

  • Audit or risk control risk/controls background in financial services
  • Intermediate Analytical / Automation Skills (SQL, SAS, Advanced Excel and Access)
  • Advanced degree
  • CPA preferred

This role can be filled as an Audit Supervisor or Audit Manager based on skills and experience.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-22013471

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Jana Murdocca [C]

Referral Bonus:

2000