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.
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Job Description:
This job is responsible for managing business groups within Corporate Audit and executing on personnel, communication, and expense management activities. Key responsibilities include planning and developing the audit strategy and managing audit services, influencing business executives, and helping business partners balance business strategy with risk management controls. Job expectations include working with senior leadership to develop Audit's coverage strategies, managing relationships with regulatory agencies and internal business management groups, and overseeing personnel issues.
Responsibilities:
- Communicates Corporate Audit's mission, goals, and strategies, and the importance of operational effectiveness and drives continuous improvement while demonstrating a strategic mindset and leading and supporting change
- Oversees audit teams to ensure timely execution of the audit plan within quality standards and in conformance to audit policies and procedures
- Leverages a risk mindset to proactively identify risks, analyze themes, and continually evaluate areas of priority against the company's risk profile and control environment
- Engages with senior leaders and influences business partners to balance business strategy with appropriate risk management controls
- Maintains relationships with regulatory agencies and leadership teams by proactively driving communications and discussing audit results
- Develops the audit coverage strategy and plan, assesses risks, and provides appropriate coverage for current and/or emerging risks for assigned areas
- Manages team performance by training and mentoring, and attracts, develops, and retains a diverse workforce through talent planning
Required Qualifications:
- Minimum 10-12 years' experience within Audit at a Large Financial Institution
- Minimum 10 years managing people or teams
- Minimum 5-7 years at large financial institutions with subject matter expertise in U.S. regulatory reporting (e.g. Y-14, Y-9C, 009, Y-15, 031), broker dealer reporting or SEC financial reporting (10K/10Q)
- Minimum 5-7 years experience in evaluating workflows/ systems/ data mining
Desired Qualifications:
- Certified Internal Audit (CIA) certification
- Prior Analytical / Automation Skills (SQL, SAS, Python. Alteryx, Advanced Excel)
Skills:
- Audit Planning
- Regulatory Relations
- Relationship Building
- Risk Management
- Talent Development
- Critical Thinking
- Project Management
- Strategic Thinking
- Strategy Planning and Development
- Written Communications
- Executive Presence
- Financial Management
- Internal Audit Review
- Workforce Diversity Management
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
$215,000.00 - $263,200.00 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.