Audit Supervisor - Consumer Compliance

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 primarily responsible for independently performing and/or overseeing test work to evaluate consumer compliance risks within and across  Lines of Business (LOBs).  The role will also execute and/or oversee testing strategies to ensure that the firms compliance and operational independent risk management function provides adequate oversight of front line and control function compliance risks.  Key responsibilities include independently designing and executing audit tests, assessing issues for compliance risk within the business and recommending severity ratings, and establishing business partner relationships.

Responsibilities:

• Utilizes compliance knowledge across products, businesses, and technical expertise to effectively challenge management to improve the control environment

• Executes audit strategy for the sound application of risk-based compliance focused auditing by defining audit scope and audit programs, and leverages automation and innovative methods in a timely and high quality manner

• Assesses impacts to business processes, controls, and strategies to provide recommendations on severity ratings

• Provides input on draft audit reports and shares audit results with business leaders

• Supports the development of peers and teams through on-the-job-training and fosters an inclusive work environment

• Establishes business partner relationships, primarily with line management, to develop business knowledge

• Uses innovative tools to complete audit activities more efficiently (e.g., testing)

Skills:

• Consumer Compliance

• Internal Audit Review

• Issue Management

• Risk Management

• Audit Planning

• Analytical Thinking

• Project Management

• Automation

• Technical Documentation

• Attention to Detail

• Business Acumen

• Relationship Building

• Coaching and leading team members

• Critical Thinking

• Written Communications

Required Qualifications:

• 5+ years of direct experience with consumer laws/regulations through direct responsibility to comply with multiple laws/regulations in business as usual responsibilities and/or providing oversight of compliance laws/regulations and/or auditing compliance as part of overall audit coverage responsibility.   

Desired Qualifications:

• Familiarity with audit concepts and demonstrated record of providing oversight/leadership of team members responsible for executing and/or evaluating controls related to compliance risks.  

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - RI - Providence - 1 Financial Plaza (RI1537)

Pay and benefits information

Pay range$103,000.00 - $127,500.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.