Audit Supervisor – Enterprise Control Functions

at  Bank of America

REQUIRED EXPERIENCE:

• Bachelor’s degree in Finance, Accounting, Economics, Business, or a related field.
• Part of fully qualified professional certifications are highly desirable (e.g. ACA, ACCA, FRM)
• Financial reporting or internal audit experience preferable.
• Substantial financial, regulatory or liquidity reporting experience

REQUIRED SKILLS

• Direct experience in ICAAP and RRP processes across the first or second or third line of defence
• Self-starter, desire to learn able to teach others, positive attitude, exhibits flexibility.
• Strong analytical skills
• Ability to be proactive, work independently and manage the timely delivery of multiple tasks simultaneously in a fast-paced environment.
• Excellent interpersonal skills and ability to effectively interact with diverse teams.
• Team player with a solution-oriented attitude and strong risk mindset.
• Strong interpersonal and communication skills, capable of presenting complex findings to senior management.
• Experience using audit project management tools and familiarity with data analytics (e.g., Alteryx, Excel, SQL) preferable.

ROLE OVERVIEW:

The role is to work as part of a team or to plan and execute audit testing activities on assignments covering wide range of Lines of Businesses (LOBs) including mainly CFO but also Legal, Compliance and Operational Risk and HR. The role requires sound analytical skills to produce high quality, risk-based testing, clear and logical workpaper documentation to support testing conclusions and to raise issues and assess these for impact to business processes and controls. Working as part of a team responsibilities include providing input to quality audit reports and supporting the sharing of audit results with business leaders. Critical thinking and sound judgment are essential to effectively influence management to improve the control environment. Job expectations include fostering a positive and inclusive work environment and establishing good business partner relationships. This role provides a great potential for exposure to management across the company and opportunity to engage in interesting, diverse and impactful work.

RESPONSIBILITIES

• Plan and execute regional and global audit reviews within the ECF team covering areas such as ICAAP and recovery and resolution planning.
• Identify key risks, document process understandings, and evaluate the adequacy of internal controls .
• Assess compliance with enterprise standards as well as key regulatory requirements applicable to financial and regulatory reporting, liquidity reporting and recovery and resolution.
• Conduct root-cause analysis, document audit issues identified, and validate that remedial action and key risks have been mitigated.
• Provides input on draft audit reports and shares audit results with business leaders.
• Independently conducts issue validations.
• Ability to juggle multiple work efforts and to quickly change direction.