Let’s get started
By clicking ‘Next’, I agree to the Terms of Service
and Privacy Policy
Jobs / Job page
Audit Supervisor - Treasury Liquidity and Asset Liability Management image - Rise Careers
Job details

Audit Supervisor - Treasury Liquidity and Asset Liability Management - job 1 of 2

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 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.Reporting to a Director, this role is responsible for providing independent and objective assurance to improve the organization’s operations and compliance with key regulations by evaluating the effectiveness of risk management, control, and governance processes. This role will perform independent testing of high profile, enterprise-wide focus areas, which will provide opportunities to further develop subject matter expertise in specialized areas that are in high demand. Audit teams work alongside the Treasury, Finance, and Risk divisions to conduct reviews of the Company’s liquidity risk management, interest rate risk management, asset liability management practices.Responsibilities:• 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)Required Qualifications:• Minimum 2-6 years of Audit, Risk, Business Control, Compliance, Finance or other relevant experience• Working knowledge of liquidity risk management, interest rate risk management, asset liability management practices.• Intermediate Analytical / Automation Skills (SQL, SAS, Advanced Excel and Access)• Ability to execute audit test plans within a risk based audit methodology• Sound organizational, analytical, oral and written communication skills• Self-starter, desire to learn able to teach others, positive attitude, exhibits flexibility• Ability to work in a very detailed manner• Intermediate Analytical / Automation Skills (SQL, SAS, Advanced Excel and Access)• Proficiency in Microsoft Office ProductsSkills:• Internal Audit Review• Issue Management• Risk Management• Audit Planning• Analytical Thinking• Project Management• Automation• Technical Documentation• Attention to Detail• Business Acumen• Relationship Building• Coaching• Critical Thinking• Written CommunicationsShift:1st shift (United States of America)Hours Per Week:40
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

Estimate provided by employer
$239000 / ANNUAL (est.)
min
max
$215K
$263K

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.

What You Should Know About Audit Supervisor - Treasury Liquidity and Asset Liability Management, Bank of America

As an Audit Supervisor focusing on Treasury Liquidity and Asset Liability Management at Bank of America in Stamford, CT, you will step into a vital role that enhances our financial integrity. Here at Bank of America, we believe in creating stronger financial lives, and as an Audit Supervisor, you'll play a key part in that mission. You will independently execute complex audit work across various Lines of Business, helping us assess and enhance our risk management and compliance processes. Your creativity will shine as you design and run audit tests, providing insights into our operations and the control environment. Not only that, but you’ll also get a chance to build strong partnerships across teams, fostering an inclusive workspace while constantly honing your expertise. You’ll be responsible for providing objective assessments and recommending actionable improvements based on your evaluation of liquidity and interest rate risk management practices. Leveraging innovative tools and methods to accomplish audit activities will be essential, allowing you to contribute to the efficiency of our processes. This position not only offers a chance for you to elevate your auditing skills but also allows you to be part of a diverse community where you can grow, learn, and make a real difference. Come join us at Bank of America and be part of something bigger, where your contributions are valued, and opportunities for advancement abound.

Frequently Asked Questions (FAQs) for Audit Supervisor - Treasury Liquidity and Asset Liability Management Role at Bank of America
What are the primary responsibilities of an Audit Supervisor at Bank of America?

An Audit Supervisor at Bank of America is responsible for independently performing complex audit activities, which include designing and executing audit tests, assessing business impact issues, and building relationships with business partners. This role is crucial for ensuring our control environment is effective and supports compliance with regulations.

Join Rise to see the full answer
What qualifications do I need to become an Audit Supervisor at Bank of America?

To qualify for the Audit Supervisor position at Bank of America, candidates typically need 2-6 years of experience in Audit, Risk, Business Control, or related fields. A solid understanding of liquidity and interest rate risk management, along with analytical skills in SQL, SAS, and advanced Excel, is also important.

Join Rise to see the full answer
How does the Audit Supervisor role support team development at Bank of America?

The Audit Supervisor at Bank of America supports team development by providing on-the-job training and fostering an inclusive work environment. By mentoring peers and team members, the supervisor enhances overall team performance and encourages a learning culture.

Join Rise to see the full answer
What tools and skills are emphasized for an Audit Supervisor at Bank of America?

An Audit Supervisor at Bank of America utilizes a range of tools and skills, including advanced analytical capabilities with tools like SQL and SAS, to perform audits efficiently. Proficiency in Microsoft Office products and strong organizational skills are also key components of this role.

Join Rise to see the full answer
What is the work environment like for an Audit Supervisor at Bank of America?

The work environment for an Audit Supervisor at Bank of America is dynamic and inclusive, emphasizing collaboration and growth. Employees are encouraged to use innovative approaches to their work while maintaining a strong focus on the company’s mission to enhance financial lives.

Join Rise to see the full answer
Common Interview Questions for Audit Supervisor - Treasury Liquidity and Asset Liability Management
Can you describe your experience with risk management frameworks relevant to the Audit Supervisor role?

In responding to this question, highlight your experience in developing, implementing, or evaluating risk management frameworks. Discuss your familiarity with specific methodologies and how they apply to liquidity and asset liability management practices.

Join Rise to see the full answer
How do you prioritize tasks when managing multiple audits simultaneously?

To address this question, emphasize your organizational and time management skills. Mention techniques such as creating a task matrix or using software tools to track progress, ensuring deadlines are met without compromising quality.

Join Rise to see the full answer
What strategies do you use to develop strong relationships with business partners?

Highlight your approach to building rapport and trust with stakeholders. Discuss your communication style, the importance of active listening, and how regular check-ins foster strong professional relationships.

Join Rise to see the full answer
Can you give an example of a challenging audit you completed and what you learned from it?

When answering, provide a specific example that showcases your problem-solving skills. Discuss the challenges encountered, your approach to resolving them, and the key takeaways that would be beneficial in future audit scenarios.

Join Rise to see the full answer
What methods do you use to evaluate the effectiveness of a control environment?

Discuss your analytical approach to assess controls, including methods such as walkthroughs, testing samples, and data analytics to measure the effectiveness of the control environment against established standards.

Join Rise to see the full answer
How would you handle conflicts that arise during an audit?

Answer by explaining your conflict resolution strategies, such as maintaining professionalism, seeking to understand different perspectives, and finding mutually beneficial solutions to resolve the issue effectively.

Join Rise to see the full answer
What software or tools do you find most useful in conducting audits?

Mention specific tools you’ve used, such as data analysis software (e.g., SQL or SAS) and project management tools that enhance your efficiency and effectiveness when conducting audits.

Join Rise to see the full answer
How do you ensure you stay current with auditing regulations and industry standards?

Explain your commitment to continuous learning, describing how you keep abreast of changes through training sessions, professional networks, and relevant certifications or industry publications.

Join Rise to see the full answer
Describe a time you had to provide constructive criticism during an audit. How did you approach it?

Provide an example that illustrates your tact and communication skills. Focus on how you framed the feedback constructively, emphasizing the goal of improving processes rather than placing blame.

Join Rise to see the full answer
Why do you want to work as an Audit Supervisor at Bank of America?

Give a personalized response that reflects your alignment with Bank of America's values, mentioning your desire to contribute to their mission, the internal growth opportunities, and the appeal of their inclusive culture.

Join Rise to see the full answer
Similar Jobs
Photo of the Rise User
Posted 12 days ago
Photo of the Rise User
Posted 10 days ago
Jobot Hybrid Grape Creek, TX
Posted 3 days ago
Photo of the Rise User
Odawa Casino Resort Hybrid No location specified
Posted 12 days ago
Photo of the Rise User
TAT Technologies Ltd Hybrid No location specified
Posted 11 days ago
Photo of the Rise User
ZEDEDA Hybrid San Jose, CA
Posted 9 days ago

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...

503 jobs
MATCH
Calculating your matching score...
FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
December 1, 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!