Bank of America
Overview
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 This job is responsible for performing test work during moderately complex audit activities for Lines of Business (LOBs). Key responsibilities include designing and executing audit tests to evaluate the control environment and assessing issues for business impact and recommending severity ratings under the supervision of senior team members. The focus of testing will be monitoring and identifying emerging risks to assess compliance with Bank Secrecy Act (BSA) / Anti-Money Laundering regulatory requirements.
Responsibilities
Executes audit strategy for the sound application of risk-based auditing by defining audit scope and audit program, and leverages automation and innovative methods in a timely and high quality manner
Identifies control deficiencies, discusses with line management, and initiates control matter recommendations
Establishes business partner relationships, primarily with line management, to develop business knowledge
Assesses impacts to business processes, controls, and strategies to provide recommendations on severity ratings
Exercises sound judgment to effectively influence management to improve the control environment while developing knowledge of product, business, and technical expertise
Develops skills to use innovative tools to complete audit activities more efficiently (e.g., testing)
Demonstrates the ability to work independently and within a team environment to deliver high-quality audit testing
Willingness to learn new subject matters in the Financial Crime regulatory compliance space and apply learnings to assist the company in risk identification and mitigation
Uses analytical skills to identify trends, themes, and emerging risks both internally and externally in order to inform the audit plan and improve quality of targeted testing
Skills
Analytical Thinking
Attention to Detail
Internal Audit Review
Risk Management
Technical Documentation
Automation
Business Acumen
Issue Management
Project Management
Critical Thinking
Relationship Building
Written Communications
Required Qualifications
3+ years of general auditing experience with a finance or control function, internal audit function or public accounting firm, preferably within the Banking or Financial Services industry
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
Experience in data visualization and reporting
Desired Qualifications
Bachelor's degree or advanced degree
Certifications: CAMS, CIA
Experience in Financial Crime Regulatory Compliance (BSA/AML)
Experience in Audit
Shift 1st shift (United States of America)
Hours Per Week 40
Pay Transparency details US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540), US - RI - Providence - 1 Financial Plz - 1 Financial Plaza (RI1537)
Pay and benefits information Pay range
$85,000.00 - $102,900.00 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.
Benefits 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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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 This job is responsible for performing test work during moderately complex audit activities for Lines of Business (LOBs). Key responsibilities include designing and executing audit tests to evaluate the control environment and assessing issues for business impact and recommending severity ratings under the supervision of senior team members. The focus of testing will be monitoring and identifying emerging risks to assess compliance with Bank Secrecy Act (BSA) / Anti-Money Laundering regulatory requirements.
Responsibilities
Executes audit strategy for the sound application of risk-based auditing by defining audit scope and audit program, and leverages automation and innovative methods in a timely and high quality manner
Identifies control deficiencies, discusses with line management, and initiates control matter recommendations
Establishes business partner relationships, primarily with line management, to develop business knowledge
Assesses impacts to business processes, controls, and strategies to provide recommendations on severity ratings
Exercises sound judgment to effectively influence management to improve the control environment while developing knowledge of product, business, and technical expertise
Develops skills to use innovative tools to complete audit activities more efficiently (e.g., testing)
Demonstrates the ability to work independently and within a team environment to deliver high-quality audit testing
Willingness to learn new subject matters in the Financial Crime regulatory compliance space and apply learnings to assist the company in risk identification and mitigation
Uses analytical skills to identify trends, themes, and emerging risks both internally and externally in order to inform the audit plan and improve quality of targeted testing
Skills
Analytical Thinking
Attention to Detail
Internal Audit Review
Risk Management
Technical Documentation
Automation
Business Acumen
Issue Management
Project Management
Critical Thinking
Relationship Building
Written Communications
Required Qualifications
3+ years of general auditing experience with a finance or control function, internal audit function or public accounting firm, preferably within the Banking or Financial Services industry
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
Experience in data visualization and reporting
Desired Qualifications
Bachelor's degree or advanced degree
Certifications: CAMS, CIA
Experience in Financial Crime Regulatory Compliance (BSA/AML)
Experience in Audit
Shift 1st shift (United States of America)
Hours Per Week 40
Pay Transparency details US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540), US - RI - Providence - 1 Financial Plz - 1 Financial Plaza (RI1537)
Pay and benefits information Pay range
$85,000.00 - $102,900.00 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.
Benefits 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.
#J-18808-Ljbffr