Audit Supervisor – Global Markets Audit

Job Description:

Job Title: Audit Supervisor – Global Markets Audit

Corporate Title: Vice President

Location: London

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:

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.

Role Overview:

Responsible for executing multiple areas of test work during audit activities. Utilizes sound analytical skills and possesses product, business, and technical expertise to execute assigned audit testing responsibilities. Independently executes audit test work on assigned audits and demonstrates sound project management skills. Raises issues and concerns and makes recommendations for severity ratings. Assesses issues for impact to business processes, controls, and strategies, recommends severity ratings and escalation of broad themes or trends. Works with team and provides input to draft quality audit reports and supports sharing audit results with business leaders. Begins to establish business partner relationships; primary engagement is with line management. Exercises critical thinking and judgment to effectively influence management to improve the control environment. Actively supports peers and audit team with development as part of on-the-job training during audit execution. Fosters a positive and inclusive work environment

The team:

The Cross Global Markets team sits with the broader Global Markets team. This team is responsible for executing audits globally across GM covering areas such Supervision and Trade Surveillance, Unauthorised Trading, Market Conduct, Market Abuse, Data Quality and Valuation Control.

Required Skills

This role is for the Global Markets coverage area and we expect that candidates have either audited a Sales and Trading function or acquired experience in a first or have experience from a second line function associated with Sales and Trading (i.e.: sales, trading, market risk management, product control or GM specific compliance) and have skills that could be transferrable to auditing (project management, external audit experience, risk and control focus role) if they have no prior audit experience.

Within the GM area this role is to fill a gap relating to our coverage of GM supervision and trade surveillance. As such we’d want candidates who are familiar with the concept of market conduct risk and with the types of market abuse that are associated with delinquent sales and trading behaviour. Experience of remediation or auditing one of the many FX Consent Orders that financial services firms have had to manage would be an advantage.

• Strong experience in Audit, Risk, Business Control, Compliance, Finance, or other relevant experience
• Ability to plan, execute and evaluate audit test plans within a risk-based audit methodology.
• 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 and intellectual curiosity.
• Strong analytical skills.  Ability to analyze large amounts of data and turn it into usable information.
• Ability to work in a very detailed manner as well as to look broadly across a population and develop connections and themes identifying risk and concerns.
• Ability to juggle multiple work efforts and to quickly change direction, as needed.
• Excellent written and oral communication skills, ability to converse with management on all levels.
• Bachelor’s degree or relevant experience
• Has knowledge of financial instruments and financial risk management principles, including exposure to Global Markets products

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.