Audit Supervisor

Job Description:

About Us

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!

Global Business Services

Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.

Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.

In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.

Process Overview

Responsible for ensuring the effectiveness of internal controls, risk management, and governance processes for APAC Operations (including GBS). As a key member of the APAC Operations Audit team, the successful candidate will be responsible for comprehensively understanding and evaluating the Global Market Operations function for APAC and the various LOB processing functions supported out of GBS including CFO.

Job Description

This role involves scrutinizing CFO processes and workflows that are outsourced to GBS to ensure they align with corporate policies, regulatory standards, and best practices. The candidate will conduct detailed assessments of financial operations, identifying potential risks and inefficiencies, and will provide actionable insights to improve controls and enhance overall operational efficiency. Additionally, this role is also responsible for understanding GMO and NTCO LOB activities to identify key processes, risks and assess the effectiveness of risk mitigating controls.  Further, it includes the testing of data controls and verification of the completeness and accuracy of transaction-level data included in Non-Financial Regulatory Reporting across GMO and NTCO. GMO activities include static data set up in Bank systems, trade capture validation, lifecycle events management, collateral management, settlements, Asset Services, management of client assets and client money and trade reconciliations. NTCO activities include Non-Financial Regulatory Reporting and client tax activities (calculation and remittance of withholding taxes and Tax reporting.

Responsibilities

Candidates will work directly with Audit teams and Audit leadership across all 3 regions and will work with Audit LOB subject matter experts in areas assigned to review. The successful candidate will receive training (business, regulatory, soft skills etc.) and additional instruction as needed and will be provided with testing objectives and guidelines.  The candidate should have the ability to work independently, perform high quality risk-focused fieldwork, in accordance with Corporate Audit methodologies and standards in order to identify meaningful issues, risks and other exposures in the area of the Company being audited. In addition, the candidate is expected to create and maintain accurate and clear work documents, maintain effective and ongoing communication with Audit and Business management during audits and complete tasks efficiently (on time and accurately).

Requirements:

• Experience Range: Minimum of 12-15 years of experience in CFO, Internal audit, External audit, or a related field, with a strong focus on CFO and Global Market Operations/NFRR/Client Tax activities.
• Education: Chartered Accountant, Bachelor’s degree in accounting, Finance, Business Administration, or a related field.

Foundational Skills:

• A Master’s degree or relevant certifications (e.g., CIA, CPA, CISA) are highly desirable.
• Strong analytical, problem-solving, and critical-thinking skills.
• Excellent communication and interpersonal skills, with the ability to interact effectively with senior management and other stakeholders.
• High level of integrity, professionalism, and ethical standards.
• Ability to work as individual contributor remotely, attention to detail, ability to manage projects to completion.
• Excellent organizational skills with keen ability to prioritize daily tasks with project work as well as ad hoc requests.
• Ability to learn complex subject matter, understand regulatory requirements, and build testing programs to ensure compliance and mitigate risks.
• Proven verbal and written communication skills.
• Strong analytical and technical skills.
• Foundational knowledge of key financial regulatory requirements applicable to APAC, EMEA & US.

• Strong risk mindset (look beyond the form to focus on the substance)
• Financial services industry acumen.
• Ability to stay updated with changes in laws and regulations affecting CFO and Global Markets.
• Ability to deliver high quality work within deadlines.
• Ability to process information and change audit focus quickly in line with risk assessments.
• Strong team player skills and ability to work in a multicultural environment.
• Proactive / critical thinking and willingness to learn.
• Solution oriented attitude
• Independent thinker

Desired Skills

• Advanced degree
• CPA or equivalent preferred
• Strong presentation skills

Work Location: GGN

Work Timings: 11am to 8pm