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 ownership of Issues Management and Corporate Audit Policies and Procedures. Key responsibilities include driving the strategy for Issues Management in alignment with Regulatory Requirements and overseeing related operational processes such as thematic analysis and MRA refresh. Job expectations may include identifying and defining process enhancements and monitoring process health.
Responsibilities:
- Subject matter expert for the CACR Issues Management Policy responsible for policy review and adherence to Enterprise Standard.
- Maintains a strategy for the Audit division to drive consistent Issues Management practices.
- Defines and executes projects plans to drive change, engaging with Product Owners to determine impacts to Audit Tools and enhancement opportunities.
- End to End Process ownership including driving Process improvements, monitoring process health and Process Documentation.
- Strong interpersonal skills for interfacing with all levels of management.
- Exercises intellectual curiosity and judgment to effectively influence and challenge management to improve the control environment and drive continuous improvement
- Maintains business partner relationships to develop business knowledge
- Exercises sound knowledge of product, business, and technical expertise to effectively challenge management, peers and partners to improve the quality of work
- 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
- Supports Corporate Audit's mission, goals, and strategies, and drives operational effectiveness while demonstrating a strategic mindset and leading and supporting change
- Leads the design and promotes the use of innovative tools and technological elements to drive continuous coverage of company risks
- Maintains business partner relationships for areas assigned and challenges business management to adopt appropriate policies, procedures, and effective controls designed to mitigate risks
- Manages team performance by training, mentoring, defining development plans for team
Skills:
- Audit Planning
- Coaching
- Internal Audit Review
- Issue Management
- Risk Management
- Business Acumen
- Critical Thinking
- Project Management
- Relationship Building
- Written Communications
- Regulatory Relations
- Talent Development
- Technical Documentation
- Workforce Diversity Management
REQUIRED QUALIFICATIONS:
- 8 years' experience in Audit/Risk Management, or combination of Audit/Risk Management
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
$141,100.00 - $199,000.00 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.