Audit Manager– Commercial Credit

Bank of America; Stamford (CT); On-site; USD 115,000 - 157,000; Full time

Job summary

An established industry player is seeking an Audit Manager to oversee audit operations and drive risk-based auditing strategies. This role emphasizes the importance of fostering a diverse and inclusive workplace while mentoring team members. You will leverage your extensive experience in credit and risk management to influence business processes and enhance the control environment. Join a company that values growth and offers opportunities for professional development, making a significant impact in the financial sector.

Qualifications

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

Responsibilities

• Oversee audit work and execute audit strategy for Lines of Business.
• Mentor team members and foster an inclusive work environment.

Skills

Analytical Thinking

Audit Planning

Internal Audit Review

Issue Management

Risk Management

Business Acumen

Coaching

Project Management

Relationship Building

Written Communications

Attention to Detail

Automation

Critical Thinking

Technical Documentation

Education

Bachelor’s Degree

Job description

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This range is provided by Bank of America. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$115,600.00/yr - $157,000.00/yr

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
• Risk Management
• Business Acumen
• Coaching
• Project Management
• Relationship Building
• Written Communications
• 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 presentation skills
• Strong preference to having Audit experience
  
  

Shift:

1st shift (United States of America)

Hours Per Week:

40

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing and Finance

• Industries

  Banking

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