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Vice President, Audit Manager

Bank of America

Bank of America

Toronto, ON, Canada · United States · Remote
Posted on Jul 17, 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 overseeing assigned areas of audit work acting as an Auditor-in-Charge (AIC) and executing on the audit strategy for the Global Corporate and Investment Banking business. 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

  • Manage multiple projects using technology and analytic techniques to work effectively and efficiently in a fast-paced environment.

  • Facilitate the country audit coverage for Canada including the maintenance of country risk profile and assessment, stakeholder engagement and the ongoing audit coverage assessment.

  • 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

Required Qualifications

  • Minimum 8-10 years of internal audit / front office control review experience with minimum 3-5 years in the banking business

  • Bachelor’s Degree or equivalent work experience

  • Knowledge of Canada laws and regulations applicable to the banking and markets business

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

  • Knowledge of banking products and processes

What Bank of America Offers

Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.

Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.

Bank of America is an Equal Opportunity Employer.

Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.