Senior Audit Manager - (BSA/AML including Sanctions)
Company: Bank of America
Location: Charlotte
Posted on: April 28, 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 auditing Lines of Business (LOBs)
ranging in scale and scope. Key responsibilities include developing
audit plans, assessing issues for impact, assigning severity
ratings, producing audit reports, and managing business partner
relationships. Job expectations may include evaluating the control
environment, fostering an inclusive work environment, and managing
development of personnel.
Responsibilities:
- Audits Lines of Business (LOBs) ranging in scale and scope and
produces audit reports in a timely manner that summarize results of
an audit to management
- Develops an audit plan, assesses risks, and provides
appropriate coverage for current and/or emerging risks
- Leverages a risk mindset to proactively identify risks, analyze
themes, and continually evaluate areas of priority against the
company's risk profile and control environment
- Supports Corporate Audit's mission, goals, and strategies, and
drives operational effectiveness while demonstrating a strategic
mindset and leading and supporting change
- Leads the design and promotes the use of innovative tools and
technological elements to drive continuous coverage of company
risks
- Maintains business partner relationships for areas assigned and
challenges business management to adopt appropriate policies,
procedures, and effective controls designed to mitigate risks
- Manages team performance by training, mentoring, defining
development plans for team
Skills:
- Audit Planning
- Coaching
- Internal Audit Review
- Issue Management
- Risk Management
- Business Acumen
- Critical Thinking
- Project Management
- Relationship Building
- Written Communications
- Regulatory Relations
- Talent Development
- Technical Documentation
- Workforce Diversity Management
Responsibilities
- Subject matter expertise of BSA/AML and Fraud related risks and
a solid business understanding of application of these risks within
a large financial institution. Knowledge of key business segments
including retail, banking, capital markets, etc.
- Plan, perform, and lead BSA/AML Compliance and Fraud audits at
the enterprise level as well as other diverse lines of business and
specialty areas
- Subject matter expertise in US financial crime regulations
including the Bank Secrecy Act/Anti-Money Laundering, Sanctions
(e.g., OFAC)
- Support the execution of the annual BSA independent audit as
well as regulatory and partner exams by creating presentation
materials and providing timely responses to inquiries.
- Manage staff during audit engagements and provide feedback on
work performed.
- Design and perform compliance audit procedures, including
identifying and defining issues, reviewing and analyzing evidence,
and documenting processes.
- Challenge LOB to ensure that the remediation is comprehensive
and sustainable
- Leverage risk mindset and influence LOB leaders to drive proper
remediation of regulatory gaps
- As required, engage with regulators to walk through validation
work
- Develop test plans designed to address the risk and root cause
of the issue
- Reviewing the work performed by their team including coaching
associates
- Work with leadership to effectively prioritize issues that may
be past due or high risk
- Effectively manage time to complete assigned issues within a
reasonable timeframe
- Proactively communicate status, escalate challenges and
findings
- Establish and maintain business partner relationships
- Actively support peers and broader team during issue validation
and other work
Required Skills & Experiences
- Bachelors' Degree or equivalent years of experience
- Minimum 10-15 years in Financial Crimes related roles.
- Audit, Risk or Compliance experience in Financial
Institutions.
- Strong understanding of technology, general controls, and other
controls
- Sound organizational, analytical, oral, and written
communication skills including ability to effectively write
reports, present to management and various regulators.
- Ability to work in a matrix reporting structure.
- Ability to successfully communicate to influence management and
lead change on both strategic and tactical initiatives.
- Excellent interpersonal skills.
- Ability to effectively interact with diverse teams.
- Sound organizational, analytical, oral, and written
communication skills including ability to effectively document
issue validation
- Understanding of audit practices and methodologies as well as
rules for professional and ethical conduct.
- Ability to think critically and apply audit and technical
expertise.
Desired Skills and Experience
- Certified Anti-Money Laundering Specialist (CAMS) or Certified
Fraud Examiner (CFE)
- Certified Internal Auditor (CIA), Certified Public Accountant
(CPA), Certified Regulatory Compliance Manager (CRCM),
- Audit / Assurance or operational experience in large scale
enterprise environment / financial institution.
Job Band:
H4
Shift:
1st shift (United States of America)
Hours Per Week:
40
Weekly Schedule:
Referral Bonus Amount:
0
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Keywords: Bank of America, Charlotte , Senior Audit Manager - (BSA/AML including Sanctions), Accounting, Auditing , Charlotte, North Carolina
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