Audit Manager - Global Corporate and Investment Banking

Company: Disability Solutions
Location: New York
Posted on: November 14, 2024

Job Description:

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 overseeing assigned areas of audit work acting as an Auditor-in-Charge (AIC), and executing on the audit strategy for Lines of Business (LOBs). Key responsibilities include driving risk-based auditing by defining scope and test procedures to evaluate the control environment in conformance with audit policies, assessing issues for business impact and recommending severity ratings, drafting audit reports, and managing business partner relationships. Job expectations include fostering an inclusive work environment, and mentoring team members.This role is for the Global Corporate and Investment Banking audit team. We cover audits for businesses such as equity capital markets, debt capital markets, investment banking, corporate banking coverage and leasing. The team is also responsible for credit risk management and global payment services audits in EMEA.The candidate will be working with the team based in EMEA and APAC and most of our audits are global. An Audit Manager is expected to lead audits and a team of auditors working on the audit. This role will also support the management team with ongoing Audit related tasks.Responsibilities:

• Executes audit strategy for the sound application of risk-based auditing by defining audit scope and audit programs, and drafting audit reports leveraging automation and innovative methods in a timely and high quality manner
• Acts as Auditor-in-Charge (AIC) by overseeing audit testing and ensuring it is executed in a timely manner and conforms with quality standards, audit policies, and procedures
• Assesses impacts to business processes, controls, and strategies to provide recommendations on severity ratings and escalate broad themes or trends accordingly based on existing business knowledge
• Exercises intellectual curiosity and judgment to effectively influence and challenge management to improve the control environment and drive continuous improvements on audit
• Oversees a team of associates and provides day-to-day mentoring and guidance and fosters an inclusive work environment
• Maintains business partner relationships, primarily with line management, to develop business knowledge
• Exercises sound knowledge of product, business, and technical expertise to effectively challenge management to improve the control environment
• Manage multiple projects using technology and analytic techniques to work effectively and efficiently in a fast-paced environment. Required Qualifications:
  • Minimum 3-5 years covering Internal Audit in the Corporate and Investment Banking Business, GCIB (e.g. equity capital markets, debt capital markets, investment banking, corporate banking, leasing etc) (tier 1 investment bank preferred)
  • Minimum 8-10 years of internal audit, front office business control or compliance experience in financial services
  • Minimum 2 years of experience leading audits and performing in the role of auditor-in-charge
  • Ability to plan, execute and evaluate audit test plans within a risk-based audit methodology
  • Sound organizational, analytical, oral, and written communication skills
  • Experience with stakeholder management and ability to influence management and lead changes (including respectful and objective challenge of stakeholder views on risks and controls)
  • Experience with leading a team, project management and coaching less experienced team members
  • Pro-active, positive attitude, exhibits sense of ownership, flexibility and intellectual curiosity
  • Ability to manage/ juggle multiple work efforts and deliver quality work timely
  • Bachelor's DegreeDesired Qualifications:
    • Chartered Financial Analyst (CFA), Certified Public Accountants (CPA), Financial Risk Manager (FRM), Certified Internal Auditor (CIA) or relevant qualificationsSkills:
      • Analytical Thinking
      • Audit Planning
      • Internal Audit Review
      • Issue Management
      • Risk Management
      • Business Acumen
      • Coaching
      • Project Management
      • Relationship Building
      • Written Communications
      • Attention to Detail
      • Automation
      • Critical Thinking
      • Technical Documentation
      • Knowledge of banking products and processes
      • Familiar with risk and controls in the business mentioned
      • Analytical skills
      • Makes sound judgement regarding gaps and risks associated
      • Stakeholder engagement and communication skills, including communicating issues
      • Report writing skills
      • Presentation skills - ability to summarize the key messages for senior management/stakeholdersShift:1st shift (United States of America)Hours Per Week: 40Pay Transparency detailsUS - NY - New York - 114 W 47TH ST (NY8114)Pay and benefits informationPay range$115,600.00 - $157,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.

Keywords: Disability Solutions, West Orange , Audit Manager - Global Corporate and Investment Banking, Executive , New York, New Jersey