Senior Audit Manager – Artificial Intelligence Risk

Job Description:

Job Title: Senior Audit Manager – Artificial Intelligence Risk

Corporate Title: SVP

Location: London, Paris or Chester

Company Overview:

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!

Location Overview:

London: Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

Paris: Based in the 8th arrondissement and within the Parisian Golden Triangle, our beautiful Art-Deco era office benefits from luxury modern workspaces, an abundance of natural light and is easily accessible by public transport. 

Chester: Find us in the city of Chester, a destination renowned for its culture, history, and beauty. Working at Bank of America Chester offers a far-reaching global career for a world-renowned organisation, whilst being ideally situated against the backdrop of the rolling North Wales hills and the banks of the serene River Dee.

The Team:

You would be joining a seasoned team of Subject Matter Experts covering Artificial Intelligence Risk. The team are based in London and India, and work collaboratively to provide Global coverage. The AI team work closely with other Audit teams in Model Risk and Technology

Role Description:

As Senior Audit Manager AI Risk, you will play a key role in developing and overseeing the execution of Corporate Audit’s enterprise-wide coverage of Artificial Intelligence and Machine Learning (‘AI’) models. You will lead and participate in all aspects of AI assurance work across model development, validation and implementation, including AI infrastructure and data, and AI model usage, to provide independent assurance over the internal control framework. We are looking for experienced professionals in financial services with deep knowledge in AI model risk management practices to support the Firm in 3rd Line Risk and Audit.

Responsibilities:

• Work closely with the Audit Director in the management of the Audit plan, including resourcing, plan development, execution, and updates in response to changes in conditions.
• Assist the Audit Director in the development of the strategy of audit coverage for AI risk management.
• Manage and lead a team in the timely execution of audits, including taking responsibility for high quality audit workpapers, presenting issues to senior management and executives as well as issue and report writing.
• Determine and propose the risk-based scope of Audits covering AI, including Large Language Models
• Engage with business partners within various lines of business and functions to identify and assess the risks and controls effectiveness relating to AI.
• Identify and raise audit findings, if applicable, articulating the results and impact of audit fieldwork, both verbally and in writing to the business.
• Assist senior leadership of the model audit group to execute and report on business monitoring.
• Mentor, coach, and provide effective feedback to team members within the group.
• Provide consultation to other audit teams and engage with business partners in ensuring effective coverage of the control environment for AI.
• Engage and present in regulatory meetings.

What we are looking for:

• Experienced professional in financial services with deep knowledge in AI model risk management practices, such as model development, validation, or governance / internal audit of advanced statistical techniques of deep learning, ensemble learning, natural language processing, neural networks, reinforcement learning, and large language models
• Deep understanding of the implications and concepts of AI, including model explainability, transparency and model bias
• Knowledge of relevant regulatory requirements within AI / model risk management
• PhD, master’s degree or degree in a relevant discipline such as data / computer science, mathematics, statistics, or operations research, from a Tier 1 Institute.
• Excellent leadership and people management skills, including ability to manage and deliver on-time multiple projects as needed.
• Excellent written communication skills along with good organizational, analytical, quantitative, oral are essential for the role.
• Ability to develop and maintain good working relationships with teammates as well as executives.

Skills that will help:

• Internal/External Audit experience preferred but not required.

Benefits of working at Bank of America:

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner.
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons.
• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum 
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• Access to an Employee Assistance Program for confidential support and help for everyday matters.
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution.
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America:

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 sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependents or 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.