Audit Supervisor - Commercial Banking and GPS (Global Payments Solutions)

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Audit Supervisor - Commercial Banking and GPS (Global Payments Solutions)

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locations

Charlotte

Atlanta

Stamford

Dallas

Boston

time type

Full time

posted on

Posted 5 Days Ago

job requisition id

24008405

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:
Corporate Audit is responsible for performing independent reviews and tests to ensure that appropriate controls over risk are in place and functioning properly throughout Bank of America. The department covers all areas of the Corporation and performs reviews based upon assessments of the higher risk items to the Company. The group regularly provides Management and the Board of Directors with a thorough and independent assessment of the corporation's risk management systems and internal controls. Additionally, Corporate Audit provides risk-based advice and counsel to management to help develop and maintain an appropriate customer focus risk management culture that supports the Corporation's business objectives, Corporate Audit seeks individuals who have a desire to adapt and learn the multiple businesses of the Corporation.
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.
Responsibilities:
Responsible for executing multiple areas of test work during audit activities
Uses analytical skills and/or technical expertise to execute assigned audit testing responsibilities
Independently executes audit test work on assigned audits
Identifies control deficiencies, discusses with line management and initiates control matter recommendations in assigned test areas
Begins to demonstrate basic 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
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
Supports employee development efforts, teamwork and a positive and inclusive work environment
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:
MUST

have a

Bachelors or Master’s Degree in Finance or Accounting
CPA, CA or CFA preferred
Proficient work paper documentation skills
At least 3 years of general auditing experience with a finance or control function, internal audit function or public accounting firm, preferably within the Banking or Financial Services industry
Knowledge of Corporate and Commercial lines of business and/or Treasury Products
Understanding of financial instruments; Finance, Operations and Middle Office functions; and operational and financial controls
Excellent verbal and written communication skills
Candidate will be required to interact with staff and managers across audit teams as well as key stakeholders in business areas including Finance, Operations and Middle Office functions
Ability to work in a team environment
Interact with a team of audit professionals and coordinate with other audit teams across regions
Bachelors or Master’s Degree
CPA, CA or CFA preferred
Proficient work paper documentation skills
Excellent risk assessment skills
Ability to influence your business partner
Display personal courage and ability to make difficult decisions
Critical thinker, intellectually curious
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
Shift:
1st shift (United States of America)

Hours Per Week:
40

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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!
Partnering Locally
Learn about some of the ways Bank of America is making a difference in the communities we serve.
Global Impact
Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates.
Diversity and Inclusion
Each employee brings unique skills, background and opinions. We see diversity and inclusion as our platform for innovation and a key component in our success.
Our Values
Learn about our four values that represent what we believe.

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