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Audit Manager - Retail, Credit, and Enterprise Credit Risk

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• Data Analytics• Critical Thinking• Technical DocumentationRequired Qualifications:• Must have a minimum of 5 + years of Credit, Risk and/or Auditing 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• 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• Bachelor’s Degree or equivalent work experienceDesired Qualifications:• Data Analytics, data reporting, or data management experience• Advanced degree• Enterprise Risk or Credit Risk experience is strongly preferred• Strong presentation skills• Strong preference to having Audit experienceShift:1st shift (United States of America)Hours Per Week:40

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$136500 / ANNUAL (est.)

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$116K

$157K

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What You Should Know About Audit Manager - Retail, Credit, and Enterprise Credit Risk, Bank of America

Are you ready to step into a crucial role at Bank of America as an Audit Manager specializing in Retail, Credit, and Enterprise Credit Risk? Located in the vibrant heart of New York, NY, this position melds your passion for finance with your leadership skills in the dynamic world of auditing. In this role, you'll be the go-to person, acting as an Auditor-in-Charge (AIC) where you will oversee key audit work and execute strategies that align with our commitment to responsible growth. Your main mission? Drive risk-based auditing by defining scopes and procedures that evaluate our control environment. Collaboration is key, as you'll manage relationships with business partners while mentoring your team to foster an inclusive and motivating work atmosphere. Imagine utilizing innovative approaches and automation to draft high-quality audit reports while continuously improving the control environment. With Bank of America, it's not just about the numbers; it's about making an impact and creating opportunities for growth both personally and professionally. If you're someone who thrives on analytical thinking, project management, and coaching, your next career adventure awaits with us!

Frequently Asked Questions (FAQs) for Audit Manager - Retail, Credit, and Enterprise Credit Risk Role at Bank of America

What are the primary responsibilities of the Audit Manager at Bank of America?

As an Audit Manager at Bank of America, you will oversee various audit assignments as the Auditor-in-Charge (AIC) and focus on executing the audit strategy across different Lines of Business (LOBs). Your duties will include risk-based auditing, defining the audit scope, assessing impacts on business processes, drafting audit reports, and managing partner relationships while fostering an inclusive environment.