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 independently performing test work during highly complex audit activities for Lines of Business (LOBs). 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.

Reporting to a Director, this role is responsible for providing independent and objective assurance to improve the organization’s operations and compliance with key regulations by evaluating the effectiveness of risk management, control, and governance processes. This role will perform independent testing of high profile, enterprise-wide focus areas, which will provide opportunities to further develop subject matter expertise in specialized areas that are in high demand. Audit teams work alongside the Treasury, Finance, and Risk divisions to conduct reviews of the Company’s liquidity risk management, interest rate risk management, asset liability management practices.

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)

Required Qualifications:

Minimum 5 years of Audit, Risk, Business Control, Compliance, Finance or other relevant experience

Intermediate Analytical / Automation Skills (SQL, SAS, Advanced Excel and Access)

Ability to execute audit test plans within a risk based audit methodology       

Sound organizational, analytical, oral and written communication skills 

Self-starter, desire to learn able to teach others, positive attitude, exhibits flexibility

Ability to work in a very detailed manner

Intermediate Analytical / Automation Skills (SQL, SAS, Advanced Excel and Access)

Proficiency in Microsoft Office Products

Desired Qualifications:

Bachelors degree or equivalent work experience

Working knowledge of liquidity risk management, interest rate risk management, asset liability management practices.

Skills:

Internal Audit Review

Issue Management

Risk Management

Audit Planning

Analytical Thinking

Project Management

Automation

Technical Documentation

Attention to Detail

Business Acumen

Relationship Building

Coaching

Critical Thinking

Written Communications

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NY - New York - 114 W 47TH ST (NY8114)

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.