Audit Supervisor - Global Markets Equities Audit

Bank of America; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

Join a forward-thinking financial institution as an Audit Supervisor in London, where you'll leverage your expertise in auditing Global Markets. This dynamic role involves executing audit work focused on FICC front line units, collaborating with a diverse team of professionals across regions. You'll be instrumental in identifying control deficiencies and enhancing the audit process, all while working in a modern office environment that prioritizes employee well-being. With a commitment to personal and professional growth, this opportunity allows you to make a significant impact in a supportive and inclusive workplace. If you're ready to take your career to the next level, this is the perfect chance to shine.

Benefits

Private healthcare for you and your family

Competitive pension plan

20 days of back-up childcare

Flexible benefits

Employee Assistance Program

Charity donation matching

Arts & Culture corporate membership

Community volunteering opportunities

Qualifications

• Extensive experience in Audit, Risk, Business Control, or Compliance required.
• Strong analytical skills and ability to analyze large data sets.
• Bachelor’s degree or relevant experience is essential.

Responsibilities

• Execute multiple areas of test work during audit activities.
• Identify control deficiencies and recommend improvements.
• Collaborate effectively within a team environment.

Skills

Audit

Risk Management

Business Control

Compliance

Analytical Skills

Microsoft Office

Communication Skills

Project Management

Data Analysis

Knowledge of Trading Procedures

Education

Bachelor’s Degree

Relevant Experience

Tools

Microsoft Office Products

Job description

Job Description:

Job Title: Audit Supervisor – Global Markets Equities Audit

Corporate Title: Assistance Vice President or 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.
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.
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. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

Role Overview:
This role will use expertise gained auditing Global Markets or closely related areas (i.e. market risk management, product control or GM specific compliance or business controls) to execute audit work with a focus on FICC front line units. Lines of business include Rates, FX, Credit, Mortgages, Munis, and Commodities. This experience may not come from a traditional audit background, but rather from transferrable skills from a first or second line function associated with Sales and Trading desks.

The Team:
You will join a team of around 20 diverse, skilled professionals. The EMEA team works in close collaboration with the US and APAC audit teams, often engaged on global or multi-regional projects. The Global Markets Audit team in EMEA is a highly successful, results-driven team with consistently positive associate feedback, and a supportive Leadership team who prioritize continuous learning and development.

Responsibilities:

• Responsible for executing multiple areas of test work during audit activities.
• Use analytical skills and/or technical expertise to execute assigned audit testing responsibilities and identify opportunities to automate testing or create continuous monitoring.
• Independently execute audit test work on assigned audits in a timely manner and with high quality.
• Operate effectively within a collaborative team environment, assisting teammates and sharing workloads and deliverables.
• Identify control deficiencies, discuss with line management and initiate control matter recommendations in assigned test areas.
• Demonstrate project management skills.
• Raise issues and concerns and make recommendations for severity ratings.
• Assess issues for impact to business processes, controls and strategies; recommend severity ratings and escalation of broad themes or trends.
• Establish business partner relationships; primary engagement is with line management.
• Exercise critical thinking and judgment to effectively influence management to improve the control environment.
• Strive to improve processes and challenge the status quo to improve Audit’s existing operating environment.

Required Skills:

• Extensive experience in Audit, Risk, Business Control, Compliance, Finance, or other relevant experience.
• Ability to evaluate, plan, and execute audit test plans within a risk-based audit methodology.
• 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, positive attitude, exhibits flexibility and intellectual curiosity.
• Strong analytical skills. 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.
• Proficiency in Microsoft Office Products.
• Excellent written and oral communication skills, ability to converse with management on all levels.
• Bachelor’s degree or relevant experience.
• Experience of first, second, or third line coverage of Equities sales, trading, or financing strongly preferred.
• Understanding of derivatives, including valuation and risk factors, trading and hedging strategies strongly preferred.
• Knowledge of trading desk supervisory procedures, P&L attribution, risk management, lifecycle events, operational processes strongly preferred.
• Knowledge of UK, EMEA, or US broker dealer or banking regulations preferred.

Benefits of working at Bank of America:

• Private healthcare for you and your family plus an annual health screen.
• Competitive pension plan, life assurance and group income protection cover.
• 20 days of back-up childcare and adult care per annum.
• Flexible benefits to suit your personal circumstances.
• Access to an emotional wellbeing helpline and Employee Assistance Program.
• Ability to donate to charities through payroll with matching contributions.
• Opportunity to access our Arts & Culture corporate membership program.
• Opportunity to give back to your community through volunteering.

Bank of America:
Good conduct and sound judgment is crucial to our long-term success. It’s important that all employees 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.

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.

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