Job Description:
Job Title: Audit Supervisor – Global Markets Audit
Corporate Title: Assistance Vice President or Vice President
Location: London
Company Overview:
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.
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.
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!
Location Overview:
Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.
Role Overview:
This role will use expertise gained auditing Global Markets or closely related areas (i.e. market risk management, product control or GM specific compliance or business controls) to execute audit work with a focus on FICC front line units. Lines of business include Rates, FX, Credit, Mortgages, Munis, and Commodities. This role will build on a good working knowledge of the functions of a market making, or debt origination and lending linked to GM products.
Responsibilities:
* Responsible for executing multiple areas of test work during audit activities.
* Use analytical skills and/or technical expertise to execute assigned audit testing responsibilities and identify opportunities to automate testing or create continuous monitoring.
* Independently execute audit test work on assigned audits in a timely manner and with high quality.
* Identify control deficiencies, discuss with line management and initiate control matter recommendations in assigned test areas.
* Demonstrate project management skills.
* Raise issues and concerns and make recommendations for severity ratings.
* Assess issues for impact to business processes, controls and strategies; recommend severity ratings and escalation of broad themes or trends.
* Establish business partner relationships; primary engagement is with line management.
* Exercise critical thinking and judgment to effectively influence management to improve the control environment.
* Strive to improve processes and challenge the status quo to improve existing operating environment.
Required Skills:
* Extensive experience in Audit, Risk, Business Control, Compliance, Finance, or other relevant experience.
* Ability to plan, execute and evaluate audit test plans within a risk-based audit methodology.
* 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, positive attitude, exhibits flexibility and intellectual curiosity.
* Strong analytical skills. Ability to analyze large amounts of data and turn it into usable information.
* Ability to work in a 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.
* Proficiency in Microsoft Office Products.
* Excellent written and oral communication skills.
* Bachelor’s degree or relevant experience.
Desired Skills:
* Familiarity with Global Markets – FICC lines of business, including trading and hedging strategies, supervisory procedures, P&L attribution, risk management, operational processes and regulatory landscape.
* Audit or risk control risk/controls background in financial services.
* Intermediate Analytical / Automation Skills (SQL, SAS, Advanced Excel and Access).
* Advanced degree.
* CPA professional designation.
* Strong presentation skills.
Benefits of working at Bank of America:
* Private healthcare for you and your family plus an annual health screen.
* Competitive pension plan, life assurance and group income protection cover.
* 20 days of back-up childcare and adult care per annum.
* Ability to change your core benefits and select a variety of flexible benefits.
* Access to an emotional wellbeing helpline and Employee Assistance Program.
* Opportunity to access our Arts & Culture corporate membership program.
* Opportunity to give back to your community through volunteering.
Bank of America:
Good conduct and sound judgment are crucial to our long-term success. It’s important that all employees understand the expected standards of conduct and how we manage conduct risk. We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.
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