Audit Manager - Regulatory Reporting

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:
Responsible for audit coverage of key areas and activities across the CFO – U.S. Centralized Regulatory Reporting organization, which includes governance, interpretation of report instructions, production and submission of OCC/FRB/FDIC U.S. regulatory reports (e.g.FR Y-14,FR Y-9C,FFIEC 009, FR Y-15, FFIEC 031), and substantive end-to-end testing of data from the reports through data transformations to data capture.  The role also has a significant focus on leading testing around data capture and data usage.

Responsibilities:

• Performs ongoing risk assessments to identify key risks impacting regulatory reports and contributes to the building and maintaining the audit plan to mitigate those risks
• Contributes to developing and enhancing the overall multi-year strategy for auditing U.S. regulatory reports and coverage of the CFO Attestation for the FR Y-14 reports
• Performs scoping for individual regulatory report audits by risk assessing individual sub-schedules, line items, and attributes; and designing a comprehensive audit approach to execute controls testing and substantive end-to-end testing from the report to data capture
• Leads/executes multiple regulatory reporting audits, and ensures that audit reports address key risks, are impactful, insightful, timely, error free, and concise
• Monitors the progress of regulatory and internal audit issue validation
• Manages a POD of associates or audit teams
• Stays abreast of regulatory developments, emerging risks, and report/instruction changes; contributes to calibration of the plan
• Provide technical training to the team on regulatory reporting subject matter

Skills:

• Strong critical thinking and communication skills
• Very organized with attention to detail
• Ability to learn complex subject matter, understand regulatory requirements, and build testing programs to ensure compliance and mitigate risks
• Proven track record of executing multiple projects and delivering high quality work to meet tight deadlines
• Strong interpersonal skills and effective communicator, both orally and in writing.
• Ability to lead, coach, and mentor a POD of junior team members and influence their careers
• Ability to build a strong rapport with line of business management and provide impact without impairing independence
• Ability to draft high quality  audit reports and communicate issues to line of business management
• Strong interpersonal skills and effective communicator, both orally and in writing.

Required Qualifications:

• Greater than 7 years’ experience in a related role
• BA/BS or equivalent work experience
• Specific subject matter expertise in audit and/or the financial services industry

Desired Qualifications:

• CPA, CIA, CISA or similar
• Recommended subject matter expertise in  U.S. regulatory reporting (e.g. Y-14, Y-9C, 009, Y-15, 031)  or SEC financial reporting (10K/10Q)
• Experiencing in performing end-to-end substantive testing of data elements and transactions from a report to data capture/source documentation
• Big 4 background a plus, including in external audit or consulting
• Experience in evaluating workflows/ systems/ data mining
• Experience with production of U.S. Regulatory Reports

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - CT - East Hartford - 101 E River Dr - One Riverview Square (CT2550), US - CT - Stamford - 600 Washington Blvd (CT2561), US - RI - Providence - 1 Financial Plaza (RI1537)

Pay and benefits information

Pay range

$115,600.00 - $157,000.00 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.