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Bank of America Audit Supervisor - Global Markets Operations in Boston, Massachusetts

Audit Supervisor - Global Markets Operations

New York, New York;Charlotte, North Carolina; Boston, Massachusetts

Job Description:

Job Description

Responsible for planning, scoping, executing audits and leading audit engagement teams for Global Markets Operations. Utilizes sound analytical skills and possesses product, business, and technical expertise to execute assigned responsibilities. Leads analysis of control deficiencies as well as expansion and refinement of documentation for control deficiencies to drive actionable business impact, influences management on sufficiency of correctives actions, recommends audit rating. Independently executes audit testwork as well as manage all aspects of audit engagements. 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. Prepares quality audit reports and supports Senior Audit Manager in communicating and presenting audit results to senior business leaders. Establish business partner relationships; primary engagement is with line management. Exercises critical thinking and judgment to effectively influence management to improve the control environment. Actively supports peers and guides audit team with development as part of on the job training during audit execution. Fosters a positive and inclusive work environment. This role reports to the Senior Audit Manager. 

Enterprise Description:

Provides expertise, advice and counsel based on advanced business and/or audit experience to a complex business and/or across several business groups. Provides leadership for projects and team activities. Proactively implements audit strategy for the sound application of risk based practices by defining audit scope, audit program, and review and test procedures. Exercises judgment and influences senior business managers and peers. Helps business partners balance their business strategy with appropriate risk management controls. Contributes to the development, implementation and communication of Audit's missions, goals and strategies. Interacts with regulatory agencies, external consultants and other internal risk management groups.

Required Skills:

  • At least 7 years of financial services operations and technology audit or public accounting firm experience, preferably within the Banking or Financial Services industry OR strong knowledge of/experience in Global Markets/Investment Banking lines of business and support functions e.g. Product Control, Risk Management, Compliance, Operations, Settlement and Collateral management. Strong understanding of trade processing, settlements, clearing, data management, Identify and access management. Candidate should also be familiar with key securities industry regulations e.g. DF Real Time Reporting, Client Asset Segregation Rules). Awareness of basic application controls, as well as proficiency with spreadsheets and other analytical tools would be an advantage.

  • Understanding of applicable global markets regulatory rules and regulations.

  • Excellent verbal and written communication skills.

  • Ability to interact with staff and managers across audit teams as well as key stakeholders in business areas including Front Office, Finance, Operations and product control functions.

  • Ability to work in a team environment and supervise multiple project teams.

  • Bachelors or equivalent work experience. Masters preferred Desired Skills:

  • Advanced certifications including Certified Internal Auditor, Certified Anti-Money Laundering Specialist or Certified Information Systems Auditor.

  • Awareness of identity and basic application controls

  • Intermediate proficiency at using spreadsheets

  • Familiarity with key US laws and regulations pertaining to banking and broker/dealer securities trading & sales activities.

Job Band:

H5

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Description

Responsible for planning, scoping, executing audits and leading audit engagement teams for Global Markets Operations. Utilizes sound analytical skills and possesses product, business, and technical expertise to execute assigned responsibilities. Leads analysis of control deficiencies as well as expansion and refinement of documentation for control deficiencies to drive actionable business impact, influences management on sufficiency of correctives actions, recommends audit rating. Independently executes audit testwork as well as manage all aspects of audit engagements. 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. Prepares quality audit reports and supports Senior Audit Manager in communicating and presenting audit results to senior business leaders. Establish business partner relationships; primary engagement is with line management. Exercises critical thinking and judgment to effectively influence management to improve the control environment. Actively supports peers and guides audit team with development as part of on the job training during audit execution. Fosters a positive and inclusive work environment. This role reports to the Senior Audit Manager. 

Enterprise Description:

Provides expertise, advice and counsel based on advanced business and/or audit experience to a complex business and/or across several business groups. Provides leadership for projects and team activities. Proactively implements audit strategy for the sound application of risk based practices by defining audit scope, audit program, and review and test procedures. Exercises judgment and influences senior business managers and peers. Helps business partners balance their business strategy with appropriate risk management controls. Contributes to the development, implementation and communication of Audit's missions, goals and strategies. Interacts with regulatory agencies, external consultants and other internal risk management groups.

Required Skills:

  • At least 7 years of financial services operations and technology audit or public accounting firm experience, preferably within the Banking or Financial Services industry OR strong knowledge of/experience in Global Markets/Investment Banking lines of business and support functions e.g. Product Control, Risk Management, Compliance, Operations, Settlement and Collateral management. Strong understanding of trade processing, settlements, clearing, data management, Identify and access management. Candidate should also be familiar with key securities industry regulations e.g. DF Real Time Reporting, Client Asset Segregation Rules). Awareness of basic application controls, as well as proficiency with spreadsheets and other analytical tools would be an advantage.

  • Understanding of applicable global markets regulatory rules and regulations.

  • Excellent verbal and written communication skills.

  • Ability to interact with staff and managers across audit teams as well as key stakeholders in business areas including Front Office, Finance, Operations and product control functions.

  • Ability to work in a team environment and supervise multiple project teams.

  • Bachelors or equivalent work experience. Masters preferred Desired Skills:

  • Advanced certifications including Certified Internal Auditor, Certified Anti-Money Laundering Specialist or Certified Information Systems Auditor.

  • Awareness of identity and basic application controls

  • Intermediate proficiency at using spreadsheets

  • Familiarity with key US laws and regulations pertaining to banking and broker/dealer securities trading & sales activities.

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-21071010

Band: H5

Manages People: No

Travel: Yes, 15% of the time

Manager:

Talent Acquisition Contact:

Tammy Horton

Referral Bonus:

0

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/OFCCP_EEO_Supplement_Final_JRF_QA_508c.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 .

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