Audit Supervisor / Manager Job Description:

Job Title: Audit Supervisor/Manager
Corporate Title: Assistant Vice President/Vice President
Location: London

Role Description:

  • 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 Counterparty Credit Risk framework.
  • 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.
  • Team:

    The CCR Audit team is comprised of 10 Auditors with some team members as SMEs. These SMEs guide the junior team members for execution of Audit reviews. The team’s coverage is global and covers Counterparty Credit Risk. Most of the team is located in NYC, London and Dallas.

    Key skills:

    Required Skills
    To be successful in this job, the individual would have the following background:

  • Minimum 5 years of Global Markets experience, preferably covering third line of defence – Audit Counterparty Credit Risk (CCR) or second line of defence – Counterparty Credit Risk Management (CCRM) function in an investment bank, a consultancy firm, or as a regulator.
  • Deep knowledge of CCRM concepts such as PE, PFE, EPE, stressed EPE, MDD. Familiarity with CCR models for calculating these metrics.
  • Good product knowledge in various asset classes (IR, FX, Credit, Equities, Fixed Income) and covering a wide range of derivative products.
  • Thorough understanding of ISG (SR 11-10) and Basel regulations on CCR. An understanding of regulations covering market risk would also be desirable.
  • Desire to be detail oriented of the regulations by understanding the spirit of the rules.
  • Excellent written and oral communication skills, ability to converse with management on all levels
  • 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
  • Strong analytical skills. Ability to analyse large amounts of data and turn it into usable information
  • Ability to successfully communicate to influence management and lead change in both strategic and tactical initiatives
  • Ability to plan, execute and evaluate audit test plans within a risk based audit methodology. Strong project management skills, proven organizational, coordination and action tracking skills
  • Self-starter, desire to learn able to teach others, positive attitude, exhibits flexibility
  • Bachelor’s degree and/or Advanced degree with relevant experience
  • Dedication to fostering an inclusive culture and value diverse perspectives
  • Desired Skills:

  • Audit or risk control risk/controls background in financial services
  • Intermediate Analytical / Automation Skills (SQL, SAS, Advanced Excel and Access)
  • Advanced degree
  • CPA preferred
  • This role can be filled as an Audit Supervisor or Audit Manager based on skills and experience.

    Bank of America:

    Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

    In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

    Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

    We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

    We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

    Job ID JR-22049304

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