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 role will lead and execute audits focusing on the Operational Risk Management Framework including programs like the Risk Control Self-Assessment, Internal and External Loss Event Data, Scenario Analysis, Operational Risk and Conduct Risk. The auditor in this role will evaluate processes in place to adhere with regulation including Basel AMA and Heightened Standards.
Responsibilities:
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.
Skills:
- Analytical Thinking
- Audit Planning
- Internal Audit Review
- Issue Management
- Risk Management
- Attention to Detail
- Automation
- Business Acumen
- Project Management
- Technical Documentation
- Coaching
- Critical Thinking
- Relationship Building
- Written Communications
Required Qualifications
- Bachelor's degree or equivalent work experience
- Must have a minimum of 4 + years of Operational Risk, and/or Auditing experience
- Sound organizational, analytical, oral and written communication skills
- 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, high energy, positive attitude, exhibits flexibility
- 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
- Proficiency in Microsoft Office Products
- Ability to converse with management on all levels
Desired Qualifications
- Knowledge of Compliance and Operational Risk Frameworks
- • Experience with Operational Risk Frameworks including Basel AMA and Heightened Standards
- • Advanced degree
- • Strong communication presentation skills
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - RI - Providence - 1 Financial Plaza (RI1537)
Pay and benefits information
Pay range
$100,000.00 - $125,000.00 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.