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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
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Job Description:
The team covers Commercial Credit risk, underwriting, and monitoring. The individual will be responsible for independently performing test work during over end-to-end commercial credit risk processes, including leveraged lending and traded products . Key responsibilities include independently designing and executing audit tests, assessing issues for business impact and recommending severity ratings, and establishing business partner relationships. Job expectations include evaluating the control environment, fostering an inclusive work environment, applying product, business, and technical expertise, and supporting team members with development.
Responsibilities:
- Executes audit strategy for the sound application of risk-based auditing by defining audit scope and audit programs, and leverages automation and innovative methods in a timely and high quality manner
- Exercises sound knowledge of product, business, and technical expertise to effectively challenge management to improve the control environment
- Assesses impacts to business processes, controls, and strategies to provide recommendations on severity ratings
- Provides input on draft audit reports and shares audit results with business leaders
- Supports the development of peers and teams through on-the-job-training and fosters an inclusive work environment
- Establishes business partner relationships, primarily with line management, to develop business knowledge
- Uses innovative tools to complete audit activities more efficiently (e.g., testing)
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:
- Must have a minimum of 5 + years of Credit, Risk and/or Auditing experience
- -Commercial Credit, Leveraged Lending, Global Markets, and/or Counterparty Credit Risk knowledge and experience
- Bachelor's Degree OR equivalent related work 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
Desired Qualifications:
- - Data Analytics, data reporting, or data management experience
- - Advanced degree
- -Strong presentation skills
- -Strong preference to having Audit experience
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 - 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.