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Audit Supervisor

3 months ago


East Hartford, United States Bank of America Full time

Description

:
Responsible for audit coverage of key areas and activities across the CFO – U.S. Centralized Regulatory Reporting organization, which includes governance, interpretation of report instructions, production and submission of OCC/FRB/FDIC U.S. regulatory reports (e.g.FR Y-14,FR Y-9C,FFIEC 009, FR Y-15, FFIEC 031), and substantive end-to-end testing of data from the reports through data transformations to data capture. The role also has a significant focus on leading testing around data capture and data usage.

Responsibilities:

Performs ongoing risk assessments to identify key risks impacting regulatory reports and contributes to the building and maintaining the audit plan to mitigate those risks Contributes 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 Assists 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 Executes multiple regulatory reporting audits, and ensures that audit documentation addresses key risks, is impactful, insightful, timely, error free, and concise Monitors the progress of regulatory and internal audit issue validation Stays abreast of regulatory developments, emerging risks, and report/instruction changes; contributes to calibration of the plan Provide technical training to the team on regulatory reporting subject matter

Skills:

Strong critical thinking and communication skills Very organized with attention to detail Ability to learn complex subject matter, understand regulatory requirements, and build testing programs to ensure compliance and mitigate risks Proven track record of executing multiple projects and delivering high quality work to meet tight deadlines Strong interpersonal skills and effective communicator, both orally and in writing. Ability to lead, coach, and mentor a POD of junior team members and influence their careers Ability to build a strong rapport with line of business management and provide impact without impairing independence Ability to draft high quality audit reports and communicate issues to line of business management Strong interpersonal skills and effective communicator, both orally and in writing.

Required Qualifications

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

Desired 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

Shift:

1st shift (United States of America)

Hours Per Week: 

40