Audit Manager - Commercial Credit Risk
Company: Disability Solutions
Location: Atlanta
Posted on: October 20, 2024
Job Description:
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.One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. 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.Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization.Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. 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). 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. Job expectations include fostering an
inclusive work environment, and mentoring team members.The team
covers Commercial Credit risk, underwriting, and monitoring. The
individual will be responsible for coordinating, scoping and
leading team reviews (incl. large, cross-functional audits) to
provide timely and complete assurance over the end-to-end
Commercial Credit Risk, inclusive of leveraged lending and traded
prodcuts. Independently executes assigned audit activities and
supervise audit team for the project engagement as well as engage
in multiple projects simultaneously. Utilizes sound, seasoned
analytical skills and possesses product, business, and technical
expertise to execute assigned responsibilities. Exercises judgment
and critical thinking to influence business partners. Identifies
control trends in assigned business areas as well as impact to the
business and the Bank overall by applying deep and broad business
acumen.Responsibilities:
- 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
- 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
- Assesses impacts to business processes, controls, and
strategies to provide recommendations on severity ratings and
escalate broad themes or trends accordingly based on existing
business knowledge
- Exercises intellectual curiosity and judgment to effectively
influence and challenge management to improve the control
environment and drive continuous improvements on audit
- Oversees a team of associates and provides day-to-day mentoring
and guidance and fosters an inclusive work environment
- Maintains business partner relationships, primarily with line
management, to develop business knowledge
- Exercises sound knowledge of product, business, and technical
expertise to effectively challenge management to improve the
control environmentSkills:
- Analytical Thinking
- Audit Planning
- Internal Audit Review
- Issue Management
- Risk Management
- Business Acumen
- Coaching
- Project Management
- Relationship Building
- Written Communications
- Attention to Detail
- Automation
- Critical Thinking
- Technical DocumentationRequired Qualifications:
- Must have a minimum of 5 + years of Credit, Risk and/or
Auditing experience
- Bachelor's Degree OR Equivalent work experience
- Leveraged Lending, Global Markets, and/or Counterparty Credit
Risk knowledge and experience
- Sound organizational, analytical, oral and written
communication skills
- Ability to successfully communicate to influence management and
lead change in both strategic and tactical initiatives
- Self Starter, desire to learn able to teach others, high
energy, positive attitude, exhibits flexibility
- Strong analytical skills. Ability to analyze large amounts of
data and turn it into usable information
- Ability to work in a very detailed manner as well as to look
broadly across a population and develop connections and themes
identifying risk and concerns
- Ability to juggle multiple work efforts and to quickly change
direction, as neededDesired Qualifications:
- Data Analytics, data reporting, or data management
experience
- Advanced degree
- Enterprise Risk or Credit Risk experience is strongly
preferred
- Strong presentation skills
- Strong preference to having Audit experienceShift:1st shift
(United States of America)Hours Per Week: 40Pay Transparency
detailsUS - CT - East Hartford - 101 E River Dr - One Riverview
Square (CT2550), US - CT - Stamford - 600 Washington Blvd (CT2561),
US - RI - Providence - 1 Financial Plaza (RI1537)Pay and benefits
informationPay range$115,600.00 - $157,000.00 annualized salary,
offers to be determined based on experience, education and skill
set.Discretionary incentive eligibleThis 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.BenefitsThis 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.
Keywords: Disability Solutions, Marietta , Audit Manager - Commercial Credit Risk, Executive , Atlanta, Georgia
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