Compliance Audit Supervisor

2 weeks ago


Charlotte, North Carolina, United States Bank of America Full time
Position Overview:


At Bank of America, our mission is to enhance financial well-being through meaningful connections.

We prioritize Responsible Growth, ensuring that we meet the needs of our clients, employees, communities, and shareholders consistently.


Central to our approach is fostering a diverse and inclusive workplace where every individual can thrive. We seek candidates from various backgrounds and experiences, and we are committed to investing in our employees and their families by providing competitive benefits that support their overall well-being.

Our flexible work environment is tailored to accommodate the diverse roles within our organization, allowing for a balance between professional and personal commitments.


Joining Bank of America means embarking on a rewarding career with ample opportunities for growth, learning, and making a positive impact.


Role Responsibilities:
This position is accountable for managing specific audit functions, acting as the Auditor-in-Charge (AIC), and implementing the audit strategy for various Lines of Business (LOBs).

Key duties include:

  • Executing risk-based auditing by establishing audit scope and procedures to assess the control environment in line with audit standards.
  • Evaluating issues for their business implications and suggesting severity ratings.
  • Drafting comprehensive audit reports and nurturing relationships with business partners.
  • Promoting an inclusive work culture and mentoring team members.


Key Functions:
- Develops and implements audit strategies that ensure effective risk-based auditing, defining audit scope and drafting reports using innovative techniques.

- Acts as the AIC, overseeing audit testing to ensure compliance with quality standards and audit policies.

- Analyzes impacts on business processes and controls, providing recommendations on severity ratings and escalating significant trends based on business insights.

- Utilizes critical thinking and judgment to influence management positively, enhancing the control environment and fostering continuous improvements in auditing practices.

- Guides a team of associates, offering daily mentorship and promoting an inclusive workplace.

- Maintains strong relationships with business partners to enhance business knowledge.


Essential Skills:
- Analytical Thinking
- Audit Planning
- Internal Audit Review
- Issue Management
- Risk Management
- Business Acumen
- Coaching
- Project Management
- Relationship Building
- Written Communication
- Attention to Detail
- Automation
- Critical Thinking
- Technical Documentation

Qualifications:
- 7+ years of direct experience with consumer financial regulations, ensuring compliance and auditing as part of overall responsibilities.

- In-depth knowledge of U.S. consumer financial laws and regulations.

- Ability to thrive in a fast-paced environment while managing multiple priorities.

- Familiarity with the regulatory landscape.

- Bachelor's Degree or equivalent experience.

- Strong communication skills.


Preferred Qualifications:
- Professional Compliance or Audit Certification (e.g., CRCM, CIA) is advantageous.

- Experience with automation, machine learning, or artificial intelligence is a plus.


This position operates on a standard first shift schedule, requiring a commitment of 40 hours per week.


Bank of America is dedicated to creating a workplace free from discrimination and promotes equal employment opportunities for all candidates, regardless of their background or status.



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