Senior Audit Manager – Artificial Intelligence Risk

at  Bank of America

SKILLS THAT WILL HELP:

• Internal/External Audit experience preferred but not required.

ROLE DESCRIPTION:

As Senior Audit Manager AI Risk, you will play a key role in developing and overseeing the execution of Corporate Audit’s enterprise-wide coverage of Artificial Intelligence and Machine Learning (‘AI’) models. You will lead and participate in all aspects of AI assurance work across model development, validation and implementation, including AI infrastructure and data, and AI model usage, to provide independent assurance over the internal control framework. We are looking for experienced professionals in financial services with deep knowledge in AI model risk management practices to support the Firm in 3rd Line Risk and Audit.

RESPONSIBILITIES:

• Work closely with the Audit Director in the management of the Audit plan, including resourcing, plan development, execution, and updates in response to changes in conditions.
• Assist the Audit Director in the development of the strategy of audit coverage for AI risk management.
• Manage and lead a team in the timely execution of audits, including taking responsibility for high quality audit workpapers, presenting issues to senior management and executives as well as issue and report writing.
• Determine and propose the risk-based scope of Audits covering AI, including Large Language Models
• Engage with business partners within various lines of business and functions to identify and assess the risks and controls effectiveness relating to AI.
• Identify and raise audit findings, if applicable, articulating the results and impact of audit fieldwork, both verbally and in writing to the business.
• Assist senior leadership of the model audit group to execute and report on business monitoring.
• Mentor, coach, and provide effective feedback to team members within the group.
• Provide consultation to other audit teams and engage with business partners in ensuring effective coverage of the control environment for AI.
• Engage and present in regulatory meetings.