Job Description:
Job Title: Audit Supervisor – Global Markets Equities Audit
Corporate Title: Assistant 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.
Location Overview:
Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral. Here you’ll find modern workspaces and a state-of-the-art auditorium space. We’re proud to host an onsite restaurant that shares our commitment to sustainability. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. 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 experience may not come from a traditional audit background, but rather from transferrable skills from a first or second line function associated with Sales and Trading desks.
The Team:
You will join a team comprised of around 20 diverse, skilled professionals. The EMEA team works in close collaboration with the US and APAC audit teams, often engaged on global or multi-regional projects. The Global Markets Audit team in EMEA is a highly successful, results-driven team with consistently positive associate feedback, and a supportive Leadership team who prioritize continuous learning and development.
Responsibilities
* Responsible for executing multiple areas of test work during audit activities.
* Use analytical skills to execute assigned audit testing responsibilities.
* Independently execute audit test work on assigned audits in a timely manner and with high quality.
* Operate effectively within a collaborative team environment.
* Identify control deficiencies and initiate control matter recommendations.
* Demonstrate project management skills.
* Raise issues and concerns and make recommendations for severity ratings.
* Assess issues for impact to business processes and controls.
* Establish business partner relationships; primary engagement is with line management.
* Exercise critical thinking and judgment to effectively influence management.
* Strive to improve processes and challenge the status quo.
Required Skills
* Extensive experience in Audit, Risk, Business Control, Compliance, Finance, or other relevant experience.
* Ability to evaluate, plan, and execute audit test plans.
* Ability to communicate to influence management and lead change.
* Self-starter with a desire to learn and teach others.
* Strong analytical skills.
* Ability to juggle multiple work efforts and quickly change direction.
* Proficiency in Microsoft Office Products.
* Excellent written and oral communication skills.
* Bachelor’s degree or relevant experience.
* Experience of first, second, or third line coverage of Equities sales, trading, or financing preferred.
* Understanding of derivatives, including valuation and risk factors preferred.
* Knowledge of trading desk supervisory procedures preferred.
* Knowledge of UK, EMEA, or US broker dealer or banking regulations preferred.
Benefits of working at Bank of America:
* Private healthcare for you and your family.
* 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 flexible benefits.
* Access to an emotional wellbeing helpline and mental health first aiders.
* Access to an Employee Assistance Program.
* Ability to donate to charities directly through payroll.
* 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 is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on any grounds.
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