Bank Of America Senior Audit Manager – Artificial Intelligence Risk 

United Kingdom, England, City of Westminster 

477275094

Role Description:

As Senior Audit Manager AI Risk, you will play a key role in developing and overseeing the execution of Corporate Audit’s enterprise-wide coverage of Artificial Intelligence and Machine Learning (‘AI’) models. You will lead and participate in all aspects of AI assurance work across model development, validation and implementation, including AI infrastructure and data, and AI model usage, to provide independent assurance over the internal control framework. We are looking for experienced professionals in financial services with deep knowledge in AI model risk management practices to support the Firm in 3rd Line Risk and Audit.

Responsibilities:

• Work closely with the Audit Director in the management of the Audit plan, including resourcing, plan development, execution, and updates in response to changes in conditions.
• Assist the Audit Director in the development of the strategy of audit coverage for AI risk management.
• Manage and lead a team in the timely execution of audits, including taking responsibility for high quality audit workpapers, presenting issues to senior management and executives as well as issue and report writing.
• Determine and propose the risk-based scope of Audits covering AI, including Large Language Models
• Engage with business partners within various lines of business and functions to identify and assess the risks and controls effectiveness relating to AI.
• Identify and raise audit findings, if applicable, articulating the results and impact of audit fieldwork, both verbally and in writing to the business.
• Assist senior leadership of the model audit group to execute and report on business monitoring.
• Mentor, coach, and provide effective feedback to team members within the group.
• Provide consultation to other audit teams and engage with business partners in ensuring effective coverage of the control environment for AI.
• Engage and present in regulatory meetings.

What we are looking for:

• Experienced professional in financial services with deep knowledge in AI model risk management practices, such as model development, validation, or governance / internal audit of advanced statistical techniques of deep learning, ensemble learning, natural language processing, neural networks, reinforcement learning, and large language models
• Deep understanding of the implications and concepts of AI, including model explainability, transparency and model bias
• Knowledge of relevant regulatory requirements within AI / model risk management
• PhD, master’s degree or degree in a relevant discipline such as data / computer science, mathematics, statistics, or operations research, from a Tier 1 Institute.
• Excellent leadership and people management skills, including ability to manage and deliver on-time multiple projects as needed.
• Excellent written communication skills along with good organizational, analytical, quantitative, oral are essential for the role.
• Ability to develop and maintain good working relationships with teammates as well as executives.

Skills that will help:

• Internal/External Audit experience preferred but not required.

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner.
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons.
• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• Access to an Employee Assistance Program for confidential support and help for everyday matters.
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution.
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.