Senior Risk Assurance Specialist
4 weeks ago
Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
We are looking for a skilled Senior Risk Assurance Specialist to join our team. As a key member of our audit team, you will be responsible for providing independent and objective assurance to improve the organization's operations and compliance with key regulations by evaluating the effectiveness of risk management, control, and governance processes.
You will perform independent testing of high-profile, enterprise-wide focus areas, which will provide opportunities to further develop subject matter expertise in specialized areas that are in high demand. Audit teams work alongside the Treasury, Finance, and Risk divisions to conduct reviews of the Company's following processes:
- Capital adequacy / management
- Enterprise capital stress testing
- U.S. standardized and advanced approaches capital calculations
- Baseline forecasting
Responsibilities:
- Executes audit strategy for the sound application of risk-based auditing by defining audit scope and audit program, and leverages automation and innovative methods in a timely and high-quality manner
- Identifies control deficiencies, discusses with line management, and initiates control matter recommendations
- Establishes business partner relationships, primarily with line management, to develop business knowledge
- Assesses impacts to business processes, controls, and strategies to provide recommendations on severity ratings
- Exercises sound judgment to effectively influence management to improve the control environment while developing knowledge of product, business, and technical expertise
Required Qualifications:
- 3+ years of Audit, Risk, Business Control, Compliance, Finance or other relevant experience
- Working knowledge of capital adequacy process, stress testing, baseline forecasting, or U.S. standardized and advanced approaches capital requirements
- Intermediate Analytical / Automation Skills (SQL, SAS, Advanced Excel and Access)
- Ability to execute audit test plans within a risk-based audit methodology
- 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
Desired Qualifications:
- Bachelor's Degree or equivalent work experience
Shift: 1st shift (United States of America)
Hours Per Week: 40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws.
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