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Audit Supervisor - Commercial Banking and GPS (Global Payments Solutions) - Charlotte North Carolina
Company: Disability Solutions Location: Charlotte, North Carolina
Posted On: 05/03/2024
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:Corporate Audit is responsible for performing independent reviews and tests to ensure that appropriate controls over risk are in place and functioning properly throughout Bank of America. The department covers all areas of the Corporation and performs reviews based upon assessments of the higher risk items to the Company. The group regularly provides Management and the Board of Directors with a thorough and independent assessment of the corporation's risk management systems and internal controls. Additionally, Corporate Audit provides risk-based advice and counsel to management to help develop and maintain an appropriate customer focus risk management culture that supports the Corporation's business objectives, Corporate Audit seeks individuals who have a desire to adapt and learn the multiple businesses of the Corporation.This job is responsible for independently performing test work during highly complex audit activities for Lines of Business (LOBs). Key responsibilities include independently designing and executing audit tests, assessing issues for business impact and recommending severity ratings, and establishing business partner relationships. Job expectations include evaluating the control environment, fostering an inclusive work environment, applying product, business, and technical expertise, and supporting team members with development.Responsibilities: - Responsible for executing multiple areas of test work during audit activities
- Uses analytical skills and/or technical expertise to execute assigned audit testing responsibilities
- Independently executes audit test work on assigned audits
- Identifies control deficiencies, discusses with line management and initiates control matter recommendations in assigned test areas
- Begins to demonstrate basic project management skills
- Raises issues and concerns and makes recommendations for severity ratings
- Assesses issues for impact to business processes, controls and strategies; recommends severity ratings and escalation of broad themes or trends
- Begins to establish business partner relationships; primary engagement is with line management
- Exercises critical thinking and judgment to effectively influence management to improve the control environment
- Supports employee development efforts, teamwork and a positive and inclusive work environment
- Executes audit strategy for the sound application of risk-based auditing by defining audit scope and audit programs, and leverages automation and innovative methods in a timely and high quality manner
- Exercises sound knowledge of product, business, and technical expertise to effectively challenge management to improve the control environment
- 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:
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