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Senior Audit Manager

Charlotte, North Carolina

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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 an 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:

The Senior Audit Manager 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 work with a team of internal audit professionals performing independent testing of high profile, enterprise-wide focus areasand activities across the CFO – U.S. Regulatory Reporting organization, which includes governance, interpretation of report instructions, production and submission of OCC/FRB/FDIC U.S. regulatory reports (e.g.FR Y-14,FR Y-9C,FFIEC 009, FR Y-15, FFIEC 031), and substantive end-to-end testing of data from the reports through data transformations to data capture. The role also has a significant focus on leading testing around data capture and data usage controls.

Key Responsibilities:

+ Performs ongoing risk assessments to identify key risks impacting regulatory reports and contributes to the building and maintaining the audit plan to mitigate those risks

+ Develops and enhances the overall multi-year strategy for auditing U.S. regulatory reports

+ Performs scoping for individual regulatory report audits by risk assessing individual sub-schedules, line items, and attributes; and designing a comprehensive audit approach to execute controls testing and substantive end-to-end testing from the report to data capture

+ Leads the execution of multiple regulatory reporting audits, and ensures that audit reports address key risks, are impactful, insightful, timely, error free, and concise

+ Reviews workpapers and drafts audit reports

+ Monitors the progress of regulatory and internal audit issue validation

+ Stays abreast of regulatory developments, emerging risks, and report/instruction changes; contributes to calibration of the plan

+ Provides technical training to the team on regulatory reporting subject matter

Required Qualifications:

+ Greater than 10 years’ experience in a related role

+ BA/BS or equivalent

+ Specific subject matter expertise in audit and/or the financial services industry

+ Ability to manage audit projects within a risk based audit methodology and provide coaching and training to junior associates within the team

+ Experience working in a dynamic team environment

+ Experience engaging in executive level discussions with senior management that is impactful

+ Solid understanding of internal audit processes and methodology requirements

+ 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 and manage multiple projects effectively

Desired Qualifications:

+ CPA, CIA, CISA or similar

+ Recommended subject matter expertise in U.S. regulatory reporting (e.g. Y-14, Y-9C, 009, Y-15, 031), broker dealer reporting or SEC financial reporting (10K/10Q)

+ Experiencing in performing end-to-end substantive testing of data elements and transactions from financial statements or regulatory reports to data capture/source documentation

+ Experiencing in evaluating the design effectiveness of internal controls across the data lifecycle of a large Corporation that includes providing effective challenge to management, and executing operating effectiveness testing of data capture, data transport, and entity-level controls

+ Big 4 background a plus, including in external audit or consulting

+ Experience in evaluating workflows/ systems/ data mining

+ Experience with production of U.S. Regulatory Reports

Skills:

+ Strong critical thinking and communication skills

+ Very organized with attention to detail

+ Ability to learn complex subject matter, understand regulatory requirements, and build testing programs to ensure compliance and mitigate risks

+ Proven track record of executing multiple projects and delivering high quality work to meet tight deadlines

+ Strong interpersonal skills and effective communicator, both orally and in writing.

+ Ability to lead, coach, and mentor less experienced team members and influence their careers

+ Ability to build a strong rapport with line of business management and provide impact without impairing independence

+ Ability to draft high quality audit reports and communicate issues to line of business management

+ Strong interpersonal skills and effective communicator, both orally and in writing.

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) .

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.