Risk Management Specialist

6 days ago


New York, New York, United States Bank of America Full time

Job Overview:
The Bank of America is seeking a seasoned Risk Management Specialist to oversee assigned areas of audit work, acting as an Auditor-in-Charge (AIC), and executing on the audit strategy for Lines of Business (LOBs).

Key Responsibilities:

  • Drive risk-based auditing by defining scope and test procedures to evaluate the control environment in conformance with audit policies.
  • Assess issues for business impact and recommend severity ratings.
  • Draft audit reports and manage business partner relationships.

Working at Bank of America:

About Us:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We believe in the importance of working together and offering flexibility to our employees.

Our Team:

We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Your Role:

This job is responsible for overseeing assigned areas of audit work, acting as an Auditor-in-Charge (AIC), and executing on the audit strategy for Lines of Business (LOBs). Key responsibilities include driving risk-based auditing by defining scope and test procedures to evaluate the control environment in conformance with audit policies, assessing issues for business impact and recommending severity ratings, drafting audit reports, and managing business partner relationships.

Audit Strategy Execution:

Executes audit strategy for the sound application of risk-based auditing by defining audit scope and audit programs and drafting audit reports leveraging automation and innovative methods in a timely and high-quality manner.

Team Leadership:

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.

Skills and Qualifications:

  • Master's Degree or equivalent work experience.
  • Counterparty Credit Risk and/or Global Markets knowledge and experience.
  • Audit or risk control background in financial services.

Additional Information:

This position offers a competitive salary of $120,000 per year, based on industry standards, company size, location, and other factors.

Contact Information:

Please note that all applications will be reviewed, but only qualified candidates will be contacted for an interview.



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