Audit Director - CACR Data Design & Reporting Enablement

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.

• Develop short and long term reporting strategy for the Corporate Audit and Credit Review organization (CACR) inclusive of delivery method (i.e. point in time reporting vs self-serve on demand capabilities)

• Drive the strategy via engagement with key stakeholders across Corporate Audit and Credit Review CACR) to understand current state reporting and metrics processes, and future state. Key stakeholders include, but are not limited to the following:

  • Centralized reporting team (metrics and board level reporting)

  • CACR tools and process owners

  • Support for CACR plan and team execution

• Coordinate with CACR Business Controls Executive and Data Steward Executive to identify source for Single Process Inventory (SPI) and Risk Data Aggregation requirements (as appliable) for all reports.  Work closely with product managers to ensure tool design includes and supports dynamic reporting capabilities across all CACR stakeholders. Ensure connection of processes and data flows to drive consistent representation of data to drive effective business outcomes.

• Work across team to prioritize initiative funding for reporting capabilities across all CACR stakeholders and tools.

• Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.  Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.

• Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.

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

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
• Influence
• Business Analytics
• Continuous Improvement
• Internal Audit Review
• Workforce Diversity Management

Required Qualifications:

• Minimum 10 years of experience in financial services industry, risk management, Data Management or experience in a related field. 

• Minimum 5 years of experience performing business analytics, data analytics and performance reporting

• Experience translating complex information into automated, impactful, actionable reporting. 

• Previous experience with Single Process Inventory (understanding of Risk Data Aggregation (RDA) requirements is a plus).

• Advanced Tableau, PowerPoint skills, and overall strong experience with MS Office Suite of tools

• Bachelor’s Degree

Desired Qualifications:

• Strong analytical and organizational skills; attention to detail, intellectual curiosity. 

• Superior written and verbal communication skills and experience creating impactful presentations. 

• Demonstrated ability to manage competing and changing priorities. 

• Execution-oriented and results-focused, able to work independently and as part of a team. 

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NY - New York - 114 W 47TH ST (NY8114), US - RI - Providence - 1 Financial Plaza (RI1537)

Pay and benefits information

Pay range

$215,000.00 - $263,200.00 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.