Bank Of America Senior Audit Manager – Financial Regulatory Reporting 

United States, North Carolina, Charlotte 

564990059

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.

Responsibilities:

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 and coverage of the CFO Attestation for the FR Y-14 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
• Manages a POD of associates or audit teams
• 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

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 a POD of junior 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.

Required Qualifications

• Greater than 10 years’ experience in a related role
• BA/BS or equivalent work experience
• 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 leading and developing teammates
• 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 includeds 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

1st shift (United States of America)