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Senior Audit Manager - Anticipatory Risk

Charlotte, North Carolina;

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:
Senior Audit Manager on the Anticipatory Risk Coverage team within Corporate Audit and Credit Review is accountable for auditing moderate to complex businesses ranging in scale and scope across the Enterprise to achieve Anticipatory’s strategy and proactively mitigate potential risks. Implements and communicates Corporate Audits mission, goals, and strategies. Responsible for developing an audit plan for assigned areas of responsibility including proper assessment and coverage of risks, including emerging risks. Demonstrates critical thinking, strategic mindset and leads and supports change. Executes assigned components of the audit plan in a timely manner, within quality standards and in conformance to audit policies and procedures. Assesses issues for impact to business processes, controls, and strategies, assigns severity ratings and escalates broad themes or trends. Produces quality and timely audit reports that summarize results of an audit to management. Manages business partner relationships for areas of responsibility, primary engagement with line management. Exercises critical thinking and judgment to effectively influence management to improve the control environment. Participates in communication with regulatory agencies. Manages performance of the team, including expense management. Provides effective and frequent coaching and development to assigned audit team. Responsible for development, retention, and personnel management issues. Fosters an inclusive work environment.

Responsibilities:

  • Challenge LOB to ensure that the remediation is comprehensive and sustainable
  • Leverage risk mindset and influence LOB leaders to drive proper remediation of regulatory gaps
  • As required, engage with regulators to walk through validation work
  • Develop test plans designed to address the risk and root cause of the issue
  • Reviewing the work performed by their team including coaching associates
  • Work with leadership to effectively prioritize issues that may be past due or high risk
  • Effectively manage time to complete assigned issues within a reasonable timeframe
  • Proactively communicate status, escalate challenges and findings
  • Establish and maintain business partner relationships
  • Actively support peers and broader team during issue validation and other work

Skills:

  • Audit, Risk or Compliance experience in Financial Institutions.
  • Strong understanding of technology, general controls, and other controls
  • Sound organizational, analytical, oral, and written communication skills including ability to effectively write reports, present to management and various regulators.
  • Ability to work in a matrix reporting structure.
  • Ability to successfully communicate to influence management and lead change on both strategic and tactical initiatives.
  • Excellent interpersonal skills.
  • Ability to effectively interact with diverse teams.
  • Sound organizational, analytical, oral, and written communication skills including ability to effectively document issue validation
  • Understanding of audit practices and methodologies as well as rules for professional and ethical conduct.
  • Ability to think critically and apply audit and technical expertise. Critical thinker, high energy, and intellectually curious

Minimum Education Requirement:

Minimum 7 years in an Audit / Assurance role or have a similar background

Bachelors’ Degree or equivalent years of experience

Audit, Risk or Compliance experience in Financial Institutions.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-24018455

Manages People: No

Travel: Yes, 15% of the time

Connecticut pay and benefits information

Connecticut pay range:

$137,000 - $195,000 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This 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.

Benefits

This 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.

New York pay and benefits information

New York pay range:

$137,000 - $195,000 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This 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.

Benefits

This 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.

Rhode Island pay and benefits information

Rhode Island pay range:

$137,000 - $195,000 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This 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.

Benefits

This 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.