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Audit Supervisor - Capital Management and Enterprise Capital Stress Testing

Bank of America

Bank of America

People & HR, Operations
Charlotte, NC, USA · United States · Remote
Posted on Saturday, May 4, 2024

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 following processes:

  • Capital adequacy / management
  • Enterprise capital stress testing
  • Baseline forecasting
  • U.S. standardized and advanced approaches capital calculations

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)

Skills:

• 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 Communications

Required Skills:

  • Minimum 2-6 years of Audit, Risk, Business Control, Compliance, Finance or other relevant experience
  • Working knowledge of capital adequacy process, stress testing, baseline forecasting, or U.S. standardized and advanced approaches capital requirements
  • 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 Products

Shift:

1st shift (United States of America)

Hours Per Week:

40