Audit Manager - Retail, Credit, and Enterprise Credit Risk

As an Audit Manager at Bank of America, you’ll oversee audit work, acting as the Auditor-in-Charge. Your key responsibilities will include developing audit strategies, defining scope, conducting test procedures, and evaluating the control environment to ensure compliance with audit policies. Additionally, drafting reports, assessing business impacts, and mentoring team members are integral to your role in shaping a risk-aware culture.

To be considered for the Audit Manager role at Bank of America, candidates must possess at least 5 years of experience in Credit, Risk, or Auditing. A Bachelor’s Degree or equivalent work experience is required. Desired qualifications include data analytics experience and familiarity with enterprise risk or credit risk, alongside strong communication and critical thinking skills.

The Audit Manager role at Bank of America plays a crucial role in fostering responsible growth by ensuring that the company adheres to compliance and best practices in auditing. By assessing risks in business processes and influencing continuous improvements within the control environment, you help identify gaps and enhance operational efficiencies that drive the company forward.

An Audit Manager at Bank of America can expect a supportive and inclusive work environment. The company is dedicated to diversity and fosters a culture where teamwork and individual contributions are equally valued. Employees benefit from a flexible workplace that encourages professional development while maintaining a healthy work-life balance.

Essential skills for an Audit Manager at Bank of America include analytical thinking, project management, and a strong grasp of risk management. Effective communication, both written and oral, is crucial for influencing management and leading change. Proficiency in data analytics and attention to detail also play a significant role in fulfilling the responsibilities of this strategic position.

In your response, focus on how you’ve defined audit scopes and strategies in past roles. Share specific examples of projects where you’ve assessed risk levels, and detail how these efforts influenced organizational improvements, showcasing your analytical skills and strategic thinking.

Explain your approach to project management and prioritization in your previous roles. Discuss techniques like using project management tools, maintaining open lines of communication with your team, and regularly assessing project urgency and importance to ensure timely completion.

Discuss your process for compiling information in reports, such as standardizing report formats, ensuring clarity of findings, and providing actionable recommendations. Highlight the importance of including both quantitative data and qualitative insights to present a balanced view.

When responding, emphasize your communication and interpersonal skills. Share a specific scenario where you successfully navigated a disagreement, illustrating how you used data and strategically presented your perspective to foster an outcome that aligned with the company's goals.

Provide an example of a challenge you faced in the auditing process, how you identified opportunities for improvement, and the steps you took to influence management or teams. Reflect on the change’s positive outcomes and the skills you utilized to achieve success.

Discuss your philosophy on leadership and mentoring. Talk about how you prioritize team development, share your experiences mentoring associates, and how fostering an inclusive environment has led to improved team performance and job satisfaction.

Detail your commitment to continuous learning by discussing how you keep up-to-date on industry standards, including attending seminars, participating in networks, or subscribing to relevant publications. Highlight how this knowledge impacts your auditing practices.

In your answer, emphasize the importance of mutual understanding and collaboration. Discuss specific strategies such as regular meetings, open communication, and seeking feedback to build rapport, trust, and a greater understanding of their concerns.

Give examples of how you utilize data analytics to identify trends, assess risks, and enhance the quality of your audits. Talk about specific analytical tools you are familiar with and how you've integrated them into the audit process to inform decision-making.

Identify your key strengths relevant to the Audit Manager role, such as analytical skills, attention to detail, and leadership. Provide examples of how these strengths have positively influenced past projects or teams you've managed.