Let’s get started
By clicking ‘Next’, I agree to the Terms of Service
and Privacy Policy
Jobs / Job page
Audit Manager – Consumer Compliance image - Rise Careers
Job details

Audit Manager – Consumer Compliance - job 2 of 3

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 overseeing assigned areas of audit work acting as an Auditor-in-Charge (AIC), and executing on the audit strategy for Lines of Business (LOBs). Key responsibilities include driving risk-based auditing by defining scope and test procedures to evaluate the control environment in conformance with audit policies, assessing issues for business impact and recommending severity ratings, drafting audit reports, and managing business partner relationships. Job expectations include fostering an inclusive work environment, and mentoring team members.Responsibilities:• Executes audit strategy for the sound application of risk-based auditing by defining audit scope and audit programs, and drafting audit reports leveraging automation and innovative methods in a timely and high quality manner• Acts as Auditor-in-Charge (AIC) by overseeing audit testing and ensuring it is executed in a timely manner and conforms with quality standards, audit policies, and procedures• Assesses impacts to business processes, controls, and strategies to provide recommendations on severity ratings and escalate broad themes or trends accordingly based on existing business knowledge• Exercises intellectual curiosity and judgment to effectively influence and challenge management to improve the control environment and drive continuous improvements on audit• Oversees a team of associates and provides day-to-day mentoring and guidance and fosters an inclusive work environment• Maintains business partner relationships, primarily with line management, to develop business knowledge• Exercises sound knowledge of product, business, and technical expertise to effectively challenge management to improve the control environmentSkills:• Analytical Thinking• Audit Planning• Internal Audit Review• Issue Management• Risk Management• Business Acumen• Coaching• Project Management• Relationship Building• Written Communications• Attention to Detail• Automation• Critical Thinking• Technical DocumentationREQUIRED QUALIFICATIONS:• 7+ years of direct experience with consumer financial laws/regulations through direct responsibility to comply with multiple laws/regulations in business as usual responsibilities and/or providing oversight of compliance laws/regulations and/or auditing compliance as part of overall audit coverage responsibility• Solid knowledge and understanding of U.S. consumer financial laws and regulations• Ability to execute in a fast paced, high demand, environment while balancing multiple priorities• Working knowledge of regulatory landscape• Bachelor’s Degree or equivalent years experience• Strong communication skillsDesired Qualifications• Professional Compliance or Audit Certification desired (e.g. CRCM (Certified Regulatory Compliance Manager), CIA (Certified Internal Auditor))• Experience with automation, machine learning, or artificial intelligenceShift:1st shift (United States of America)Hours Per Week:40Pay Transparency detailsUS - RI - Providence - 1 Financial Plaza (RI1537)Pay and benefits informationPay range$115,600.00 - $157,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.
Bank of America Glassdoor Company Review
4.0 Glassdoor star iconGlassdoor star iconGlassdoor star iconGlassdoor star icon Glassdoor star icon
Bank of America DE&I Review
4.2 Glassdoor star iconGlassdoor star iconGlassdoor star iconGlassdoor star icon Glassdoor star icon
CEO of Bank of America
Bank of America CEO photo
Brian T. Moynihan
Approve of CEO

Average salary estimate

$136300 / YEARLY (est.)
min
max
$115600K
$157000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk ma...

506 jobs
MATCH
Calculating your matching score...
FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
September 20, 2024

Subscribe to Rise newsletter

Risa star 🔮 Hi, I'm Risa! Your AI
Career Copilot
Want to see a list of jobs tailored to
you, just ask me below!