Audit Strategy Manager
5 days ago
Audit managers at Bank of America are responsible for overseeing assigned areas of audit work and executing the audit strategy for Lines of Business (LOBs). The estimated annual salary for this role is around $120,000.
About the Role:
This position involves driving risk-based auditing by defining scope and test procedures to evaluate the control environment in conformance with audit policies. Key responsibilities include assessing issues for business impact, recommending severity ratings, drafting audit reports, and managing business partner relationships.
The team's coverage is global, and the individual will be responsible for coordinating, scoping, and leading team reviews (including large, cross-functional audits) to provide timely and complete assurance over the end-to-end Counterparty Credit Risk framework. Independently executes assigned audit activities and supervises an audit team for the project engagement as well as engage in multiple projects simultaneously.
Responsibilities:
- Executes audit strategy for the sound application of risk-based auditing by defining audit scope and audit programs.
- 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.
Requirements:
Analytical thinking, audit planning, internal audit review, issue management, risk management, business acumen, coaching, project management, relationship building, written communications, attention to detail, automation, critical thinking, and technical documentation skills are essential for this role. A Master's degree or equivalent work experience is required, along with Counterparty Credit Risk and/or Global Markets knowledge and experience. Preferred qualifications include audit or risk control risk/controls background in financial services, intermediate analytical/Automation Skills, advanced degree, and CPA.
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