Audit Manager- Commercial Credit

Bank of America Corporation; Providence (RI); On-site; USD 115,000 - 157,000; Full time

Job summary

An established industry player is seeking a dedicated Auditor-in-Charge to oversee audit work and drive risk-based auditing. This role involves defining audit scope, managing business relationships, and mentoring team members in a supportive environment. With a commitment to diversity and inclusion, the company offers a dynamic workplace where you can make a significant impact. Join a team that values your contributions and provides opportunities for growth and development, all while ensuring a positive work-life balance. If you have a passion for auditing and a desire to lead, this is the perfect opportunity for you.

Benefits

Industry-leading benefits

Paid time off

Support resources

Discretionary incentive eligibility

Qualifications

• 8+ years of Credit, Risk and/or Auditing experience required.
• Strong analytical skills and ability to analyze large datasets.

Responsibilities

• Oversee audit work as Auditor-in-Charge and execute audit strategy.
• Assess business impacts and recommend severity ratings.

Skills

Analytical Thinking

Audit Planning

Internal Audit Review

Issue Management

Business Acumen

Coaching

Project Management

Relationship Building

Attention to Detail

Automation

Critical Thinking

Technical Documentation

Education

Bachelor's Degree

Advanced Degree

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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 environment

Skills :

• Analytical Thinking
• Audit Planning
• Internal Audit Review
• Issue Management
• Business Acumen
• Coaching
• Project Management
• Relationship Building
• Attention to Detail
• Automation
• Critical Thinking
• Technical Documentation

Required Qualifications :

• Must have a minimum of 8 + years of Credit, Risk and / or Auditing experience.
• Commercial Credit, Leveraged Lending, Global Markets, and / or Counterparty Credit Risk knowledge and 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
• 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
• Bachelor's Degree or equivalent work experience

Desired Qualifications :

• Data Analytics, data reporting, or data management experience
• Advanced degree
• Strong preference to having Audit experience

Shift :

1st shift (United States of America)

US - CT - East Hartford - 101 E River Dr - One Riverview Square (CT2550), US - CT - Stamford - 600 Washington Blvd (CT2561), US - RI - Providence - 1 Financial Plaza (RI1537)

Pay and benefits information

Pay range

115,600.00 - $157,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and / or group; and the overall success of the Company.

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

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