Audit Manager

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
 

Job Description:
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) as well as overseeing and review of SOX controls testing work. 

Responsibilities:

• Act as a subject matter expert on the accounting treatment of banking and trading book products under both US GAAP and IFRS.

• Manage Sarbanes-Oxley (SOX) control testing activities, ensuring timely execution and high-quality documentation.

• Review SOX testing workpapers to confirm accuracy, completeness, and adherence to regulatory standards.

• Lead the execution of audit strategies by applying a risk-based approach, defining audit scopes and programs, and drafting high-quality audit reports.

• Serve as Auditor-in-Charge, overseeing audit testing to ensure timely execution using automation and innovative techniques, while adhering to audit policies, procedures, and quality standards.

• Evaluate the impact of audit findings on business processes, controls, and strategic initiatives, providing well-supported recommendations and escalating emerging themes or trends.

• Apply sound judgment and intellectual curiosity to challenge and influence management, driving enhancements in the control environment and promoting continuous improvement.

• Supervise and mentor a team of associates, fostering an inclusive and collaborative work culture while providing day-to-day guidance and support.

• Build and maintain strong relationships with business partners, particularly line management, to deepen understanding of business operations and risks.

• Leverage deep product, business, and technical expertise to effectively challenge management and contribute to strengthening the overall control framework.

Managerial Responsibilities:
This position will  have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Opportunity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals.

• Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.

• Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.

• Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.

• People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.

• Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.

• Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.

• Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.

Required Qualifications and Experience:

• Fully qualified professional accountant (CPA, ACA, or equivalent), or a Bachelor's degree in Finance or Accounting.

• Proven financial reporting experience within a large investment banking environment.

• Strong, detailed knowledge of banking and trading book products is essential.

• Prior internal or external audit experience is preferred.

• Solid understanding of SOX requirements, with proven experience in testing and evaluating SOX controls.

Required Skills

• Proactive self-starter with a strong desire to learn, share knowledge, and adapt to changing priorities.

• Excellent analytical and problem-solving skills.

• Ability to work independently and manage multiple tasks effectively in a fast-paced, deadline-driven environment.

• Strong interpersonal skills with the ability to collaborate across diverse teams and build effective working relationships.

• Team-oriented mindset with a focus on solutions and a strong awareness of risk.

• Clear and confident communicator, capable of presenting complex issues and findings to senior stakeholders.

• Strong audit report writing skills, with the ability to articulate findings clearly, concisely, and professionally.

• Experience with audit project management tools and a working knowledge of data analytics tools (e.g., Alteryx, Excel, SQL) is preferred.

Other Skills:

• Risk Management

• Business Acumen

• Coaching

• Project Management

• Relationship Building

• Written Communications

• Attention to Detail

• Automation

• Critical Thinking

• Technical Documentation

Shift:

Hours Per Week: