Bank Of America Corporation Wilmington , DE 19801
Posted 2 months ago
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 auditing Lines of Business (LOBs) ranging in scale and scope. Key responsibilities include developing audit plans, assessing issues for impact, assigning severity ratings, producing audit reports, and managing business partner relationships. Job expectations may include evaluating the control environment, fostering an inclusive work environment, and managing development of personnel.
This job is also responsible for ownership of Continuous Risk Monitoring processes and Regulatory Change Management for Corporate Audit. Key responsibilities include driving the strategy for Continuous Risk Monitoring, including Risk Indicators and Analytics in alignment with Regulatory Requirements as well as the strategy for Regulatory Change Management and ongoing identification and impact assessment of regulatory changes impacting Corporate Audit. Job expectations include identifying and defining processes to evaluate the risk environment.
Responsibilities:
Audits Lines of Business (LOBs) ranging in scale and scope and produces audit reports in a timely manner that summarize results of an audit to management
Develops an audit plan, assesses risks, and provides appropriate coverage for current and/or emerging risks
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
Develops a strategy for the Audit division to drive consistent Continuous Risk Monitoring processes and Regulatory Change Management. 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.
Maintains stakeholders relationships with Product Owners and Audit teams and ensures adoption of appropriate policies, procedures, and effective controls to mitigate risks
Required Qualifications :
8 years' experience in Audit/Risk Management, or combination of Audit/Risk Management and data analytics.
Ability to explain complex processes and concepts Strong understanding of technology capabilities
Strong organizational, analytical, oral, and written communication skills including ability to effectively present complex topics to management .
Ability to successfully communicate to influence management and lead change on both strategic and tactical initiatives.
Understanding of audit practices and methodologies as well as rules for professional and ethical conduct.
Ability to think critically and apply audit and technical expertise.
Desired Qualifications:
Advanced experience in Data Analytics
Experience in Regulatory Change Management
Experience in Process Management
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank Of America Corporation