Audit Director

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:
This job is responsible for managing business groups within Corporate Audit and executing on personnel, communication, and expense management activities. Key responsibilities include planning and developing the audit strategy and managing audit services, influencing business executives, and helping business partners balance business strategy with risk management controls. Job expectations include working with senior leadership to develop Audit's coverage strategies, managing relationships with regulatory agencies and internal business management groups, and overseeing personnel issues.

Responsibilities:

• Communicates Corporate Audit's mission, goals, and strategies, and the importance of operational effectiveness and drives continuous improvement while demonstrating a strategic mindset and leading and supporting change
• Oversees audit teams to ensure timely execution of the audit plan within quality standards and in conformance to audit policies and procedures
• Leverages a risk mindset to proactively identify risks, analyze themes, and continually evaluate areas of priority against the company’s risk profile and control environment
•  Engages with senior leaders and influences business partners to balance business strategy with appropriate risk management controls
• Maintains relationships with regulatory agencies and leadership teams by proactively driving communications and discussing audit results
• Develops the audit coverage strategy and plan, assesses risks, and provides appropriate coverage for current and/or emerging risks for assigned areas
• Manages team performance by training and mentoring, and attracts, develops, and retains a diverse workforce through talent planning
• Minimum 10 years Audit or risk control risk/controls background preferably in financial services.
• Minimum 5 years in leadership role managing teams or organizations.
• Ability to successfully communicate to influence management and lead change in both strategic and tactical initiatives.
• Self-starter, desire to learn able to teach others, positive attitude, exhibits flexibility.
• Bachelor’s degree and/or Advanced degree with relevant experience.
• Experience in auditing in mortgage and vehicle servicing operations from the time the loan closes through payoff, including loan onboarding, maintenance, payments, home retention / loss mitigation options and default activities / foreclosure. 
• Experience auditing consumer laws, rules, and regulations including TILA-RESPA, Flood, Fair Lending, Fair Credit, UDAAP, and Investor Servicing Guidelines.
• Experience in auditing data management risks, operational resiliency, and change management risks
• Experience in auditing Third Party risks

Skills:

• Audit Planning
• Regulatory Relations
• Relationship Building
• Risk Management
• Talent Development
• Critical Thinking
• Project Management
• Strategic Thinking
• Strategy Planning and Development
• Written Communications
• Executive Presence
• Financial Management
• Internal Audit Review
• Workforce Diversity Management

Desired Qualifications:

• Audit or risk control risk/controls background in financial services
• MBA
• Certified Internal Audit (CIA) certification
• Prior Analytical / Automation Skills (SQL, SAS, Python. Alteryx, Advanced Excel)
• Advanced degree or certifications (CIA, CISA etc – CPA Preferred)

Shift:

Hours Per Week: