Bank Of America Senior Audit Manager 

United States, North Carolina, Charlotte 

45888355

Job Description:

Job Description:
and 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.