Bank Of America Audit Manager - Counterparty Credit Risk specialism 

United Kingdom, England, City of Westminster 

529333263

Corporate Title: VP

The team’s coverage is global and covers Counterparty Credit Risk. You will be responsible for coordinating, scoping and leading team reviews (incl. large, cross-functional audits) to provide timely and complete assurance over the end-to-end Counterparty Credit Risk framework. You will independently execute assigned audit activities and supervise audit team for the project engagement as well as engage in multiple projects simultaneously. You will utilize sound, seasoned analytical skills and possesses product, business, and technical expertise to execute assigned responsibilities. You will exercises judgment and critical thinking to influence business partners. Identifies control trends in assigned business areas as well as impact to the business and the Bank overall by applying deep and broad business acumen.

Responsibilities:

• 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

What we are looking for:

• Demonstrable Global Markets experience, covering third line of defense – Audit Counterparty Credit Risk (CCR) or second line of defense – Counterparty Credit Risk Management (CCRM) function in an investment bank, a consultancy firm, or as a regulator.
• Deep knowledge of CCRM concepts such as PE, PFE, EPE, stressed EPE, MDD. Familiarity with CCR models for calculating these metrics.
• Good product knowledge and covering a wide range of derivative products.
• Thorough understanding of ISG (SR 11-10) and Basel regulations on CCR. An understanding of regulations covering market risk would also be desirable.
• Desire to be detail oriented of the regulations by understanding the spirit of the rules.
• Excellent written and oral communication skills, ability to converse with management on all levels.

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.