Audit Supervisor

7 days ago


Wilmington, Delaware, United States Bank of America Full time
Job Description

Job Summary:

We are seeking a highly skilled Audit Supervisor to join our team at Bank of America. As a key member of our Regulatory Reporting team, you will be responsible for ensuring the accuracy and completeness of our regulatory reports.

Key Responsibilities:

  • Perform ongoing risk assessments to identify key risks impacting regulatory reports and contribute to the building and maintaining the audit plan to mitigate those risks.
  • Contribute to developing and enhancing the overall multi-year strategy for auditing U.S. regulatory reports and coverage of the CFO Attestation for the FR Y-14 reports.
  • Assist with 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.
  • Execute multiple regulatory reporting audits, and ensure that audit documentation addresses key risks, is impactful, insightful, timely, error-free, and concise.
  • Monitor the progress of regulatory and internal audit issue validation.
  • Stay abreast of regulatory developments, emerging risks, and report/instruction changes; contribute to calibration of the plan.
  • Provide technical training to the team on regulatory reporting subject matter.

Requirements:

  • Greater than 5 years experience in a related role.
  • BA/BS or equivalent work experience. CPA, CIA, CISA or similar.
  • Specific subject matter expertise in audit and the financial services industry.

Preferred Qualifications:

  • Recommended subject matter expertise in U.S. regulatory reporting (e.g. Y-14, Y-9C, 009, Y-15, 031) or SEC financial reporting (10K/10Q).
  • Experiencing in performing end-to-end substantive testing of data elements and transactions from a report to data capture/source documentation.
  • 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.

Work Environment:

1st shift (United States of America)

40 hours per week

Bank of America is an equal opportunity employer and welcomes applications from diverse candidates. We are committed to creating a workplace free from discrimination and harassment and to providing equal opportunities for all employees and applicants.



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