Audit Manager - Regulatory ReportingCharlotte, North Carolina;Stamford, Connecticut; Atlanta, Georgia; East Hartford, Connecticut; Pennington, New Jersey; Providence, Rhode Island; Wilmington, DelawareJob 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:Responsible for audit coverage of key areas and activities across the CFO – U.S. Centralized Regulatory Reporting organization, which includes governance, interpretation of report instructions, production and submission of OCC/FRB/FDIC U.S. regulatory reports (e.g.FR Y-14,FR Y-9C,FFIEC 009, FR Y-15, FFIEC 031), and substantive end-to-end testing of data from the reports through data transformations to data capture. The role also has a significant focus on leading testing around data capture and data usage.Responsibilities:
Performs ongoing risk assessments to identify key risks impacting regulatory reports and contributes to the building and maintaining the audit plan to mitigate those risks
Contributes to developing and enhancing the overall multi-year strategy for auditing U.S. regulatory reports and coverage of the CFO Attestation for the FR Y-14 reports
Performs scoping for individual regulatory report audits by risk assessing individual sub-schedules, line items, and attributes; and designing a comprehensive audit approach to execute controls testing and substantive end-to-end testing from the report to data capture
Leads/executes multiple regulatory reporting audits, and ensures that audit reports address key risks, are impactful, insightful, timely, error free, and concise
Monitors the progress of regulatory and internal audit issue validation
Manages a POD of associates or audit teams
Stays abreast of regulatory developments, emerging risks, and report/instruction changes; contributes to calibration of the plan
Provide technical training to the team on regulatory reporting subject matter
Skills:
Strong critical thinking and communication skills
Very organized with attention to detail
Ability to learn complex subject matter, understand regulatory requirements, and build testing programs to ensure compliance and mitigate risks
Proven track record of executing multiple projects and delivering high quality work to meet tight deadlines
Strong interpersonal skills and effective communicator, both orally and in writing.
Ability to lead, coach, and mentor a POD of junior team members and influence their careers
Ability to build a strong rapport with line of business management and provide impact without impairing independence
Ability to draft high quality audit reports and communicate issues to line of business management
Strong interpersonal skills and effective communicator, both orally and in writing.
Required Qualifications:
Greater than 7 years’ experience in a related role
BA/BS or equivalent work experience
Specific subject matter expertise in audit and/or the financial services industry
Desired Qualifications:
CPA, CIA, CISA or similar
Recommended subject matter expertise in U.S. regulatory reporting (e.g. Y-14, Y-9C, 009, Y-15, 031) or SEC financial reporting (10K/10Q)
Experiencing in performing end-to-end substantive testing of data elements and transactions from a report to data capture/source documentation
Big 4 background a plus, including in external audit or consulting
Experience in evaluating workflows/ systems/ data mining
Experience with production of U.S. Regulatory Reports
Shift: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.Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCPEEOSupplementFinalJRFQA508c.pdf) .View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
