Bank Of America Audit Manager – Economic Sanctions 

United Kingdom, England, City of Westminster 

135209258

Responsibilities:

• Subject matter expertise of Economic Sanctions related risks and a solid business understanding of financial services industry, especially those associated with correspondent banking, corporate banking, treasury management and capital markets conducting sanctions reviews.
• Plan, perform, and lead Economic Sanctions audits at the enterprise level as well as other diverse lines of business and specialty areas.
• Subject matter expertise in US financial crime regulations including OFAC, and EU, UK Sanctions regulations.
• Perform audit reviews related to Sanctions and other compliance operational work including sanctions screening and alert disposition.
• Support the execution of Sanctions audits as well as regulatory and partner exams by creating presentation materials and providing timely responses to inquiries.
• Manage staff during audit engagements and provide feedback on work performed.
• Design and perform compliance audit procedures, including identifying and defining issues, reviewing and analyzing evidence, and documenting processes.
• Leverage available data and analytical tools during the planning, fieldwork, and reporting phases of audit delivery.
• Communicate the results of audit projects to management (written reports/oral presentations).
• Establish and build working relationships with internal and external management.
• Perform AML/Sanctions risk assessments of business activities, potential risks exposures, and materiality of loss.
• Demonstrates experience in managing integrated internal audit and assurance delivery.
• Effective influence skills in communicating findings. This individual must be an articulate and effective communicator, both verbally and in writing.
• Strong interpersonal skills for interfacing with all levels of internal and external audit and management.
• 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.

Required Skills:

• Strong audit experience in areas related to Sanctions and risk management programs and regulations, banking regulations, local standards, and internal policies.
• Experience conducting Sanctions audits, Risk Management audits, Compliance audits or a combination.
• Experience leading audits and performing in the role of auditor-in-charge
• Excellent project management, interpersonal, oral and written communication skills; strong attention to detail and accuracy
• Exceptional analytical and critical thinking abilities; Able to develop and convey a point of view.
• Professionalism, dependability, integrity and trustworthiness combined with a cooperative attitude. Able to thrive in a dynamic team environment.
• Highly motivated self-starter with ability to multitask and complete assignments within time constraints and deadlines. Individual with desire to learn and teach others, high energy, positive attitude.
• Proficiency in Microsoft Office products
• Bachelor’s Degree.
• CIA, CAMS, sanctions certifications are preferred.

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.