Audit Manager- Global Markets (FICC)
Company: Disability Solutions
Location: New York
Posted on: March 14, 2025
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. We do this by driving Responsible Growth and
delivering for our clients, teammates, communities and shareholders
every day.Being a Great Place to Work is core to how we drive
Responsible Growth. This includes our commitment to being a diverse
and inclusive workplace, attracting and developing exceptional
talent, supporting our teammates' physical, emotional, and
financial wellness, recognizing and rewarding performance, and how
we make an impact in the communities we serve.At Bank of America,
you can build a successful career with opportunities to learn,
grow, and make an impact. Join us!Job Description:This job is
responsible for overseeing assigned areas of audit work acting as
an Auditor-in-Charge (AIC), and executing on the audit strategy for
Lines of Business (LOBs). This role will use expertise gained
auditing Global Markets or closely related areas (i.e. market risk
management, product control or GM specific compliance or business
controls) to execute audit work with a focus on FICC front line
units. Lines of business include Rates, FX, Credit, Mortgages,
Munis, and Commodities. BAC trades a wide array of products in each
of these businesses in a market making capacity, include cash
securities, futures, and derivatives. This experience may not come
from a traditional audit background, but rather from transferrable
skills from a first or second line function associated with Sales
and Trading desks. This role will build on a good working knowledge
of the functions of a market making, or debt origination and
lending linked to GM products (e.g. securitization markets), for
example, while working in a trading capacity, as part of a risk
management function, or as a Global Markets product controller or
GM Finance role.Responsibilities:
- Responsible for executing multiple areas of test work during
audit activities.
- Use analytical skills and/or technical expertise to execute
assigned audit testing responsibilities and identify opportunities
to automate testing or create continuous monitoring.
- Independently execute audit test work on assigned audits in a
timely manner and with high quality.
- Identify control deficiencies, discusses with line management
and initiates control matter recommendations in assigned test
areas.
- Demonstrate project management skills
- Raise issues and concerns and make recommendations for severity
ratings.
- Assess issues for impact to business processes, controls and
strategies; recommends severity ratings and escalation of broad
themes or trends, engages in discussions about risk and
demonstrates business knowledge.
- Establish business partner relationships; primary engagement is
with line management.
- Exercise critical thinking and judgment to effectively
influence management to improve the control environment.
- Strive to improve processes and challenge the status quo to
improve existing operating environment.Required Qualifications:
- Minimum 5+ years of Audit, Risk, Business Control, Compliance,
Finance, or other relevant experience
- Familiarity with Global Markets - FICC lines of business,
including trading and hedging strategies, supervisory procedures,
P&L attribution, risk management, operational processes and
regulatory landscape.
- Ability to plan, execute and evaluate audit test plans within a
risk based audit methodology.
- Sound organizational, analytical, oral, and written
communication skills.
- Ability to successfully communicate to influence management and
lead change in both strategic and tactical initiatives.
- Self-starter, desire to learn able to teach others, positive
attitude, exhibits flexibility and intellectual curiosity.
- Strong analytical skills. Ability to analyze large amounts of
data and turn it into usable information.
- 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.
- Ability to juggle multiple work efforts and to quickly change
direction, as needed.
- Proficiency in Microsoft Office Products
- Ability to converse with management on all levels.
- Excellent written and oral communication skills, ability to
converse with management on all levels.Desired Qualifications:
- Familiarity with Global Markets - FICC lines of business,
including trading and hedging strategies, supervisory procedures,
P&L attribution, risk management, operational processes and
regulatory landscape.
- Audit or risk control risk/controls background in financial
services
- Intermediate Analytical / Automation Skills (SQL, SAS, Advanced
Excel and Access)
- Advanced degree
- CPA professional designation.
- Strong presentation skillsSkills:
- Analytical Thinking
- Audit Planning
- Internal Audit Review
- Issue Management
- Risk Management
- Attention to Detail
- Automation
- Business Acumen
- Project Management
- Technical Documentation
- Coaching
- Critical Thinking
- Relationship Building
- Written CommunicationsShift:1st shift (United States of
America)Hours Per Week: 40Pay Transparency detailsUS - NY - New
York - 114 W 47TH ST (NY8114)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.
Keywords: Disability Solutions, New York , Audit Manager- Global Markets (FICC), Accounting, Auditing , New York, New York
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