Audit Supervisor

Bank of America; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A multinational financial institution is looking for an Audit Supervisor to execute audit strategies and assess business processes in London. As a Vice President, responsibilities include designing audit tests, evaluating control environments, and fostering relationships with management. Required qualifications include strong audit experience and knowledge in AML. The role also supports team development and offers flexible benefits including private healthcare and community volunteering opportunities.

Benefits

Private healthcare

Competitive pension plan

20 days of backup childcare

Flexible benefits options

Employee Assistance Program

Charity donation matching

Arts & Culture memberships

Community volunteering opportunities

Qualifications

• Experience in internal or external auditing is essential.
• Knowledge in AML and/or Economic Sanctions is required.

Responsibilities

• Execute audit strategy ensuring quality and timeliness.
• Challenge management on process improvements effectively.
• Assess business processes and provide impact recommendations.
• Input on audit reports and share results with leaders.
• Develop peers through training and foster inclusivity.
• Build relationships with line management for business knowledge.
• Use innovative tools for efficient audit processes.
• Lead audit engagements as auditor in charge.
• Validate internal and regulatory issues.

Skills

Internal/External Audit experience

AML and/or Economic Sanctions knowledge

Education

Bachelors Degree

Job description

Job Title

Audit Supervisor

Corporate Title

Vice President

Location

London

Company Overview

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!

Location Overview

Our London office is based just a stone's throw from the magnificent St. Paul's Cathedral on bustling King Edward Street. Here you'll find modern workspaces and a state-of-the-art auditorium space. In addition, we're proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

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. Based on performance of the individual, this role will also provide opportunities to develop into leading audit engagements as an Auditor in Charge.

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)
• Serve as auditor in charge leading audit engagements
• Conduct issue validation for both internal and regulatory issues

Required Qualifications

• Strong Internal/External Audit experience
• AML and/or Economic Sanctions experience/ knowledge
• Bachelors Degree

Desired Qualifications

• Certified Anti Money Laundering (CAMs) certification
• Certified Internal Audit (CIA) certification

Benefits of working at Bank of America

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• Access to an Employee Assistance Program for confidential support and help for everyday matters
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK's most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America

Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependents or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.