Senior Audit Manager - Fair Lending
Company: Disability Solutions
Location: Providence
Posted on: October 26, 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
- Subject matter expertise of fair lending related risks and a
solid business understanding of application of these risks within a
large financial institution
- Responsible for audit coverage of areas and activities covering
fair lending risks applicable across the enterprise
- Stays abreast of regulatory developments, emerging risks, and
report/instruction changes; contributes to calibration of the
planREQUIRED QUALIFICATIONS
- Greater than 10 years experience in a related role
- BA/BS or equivalent experience.
- Specific subject matter expertise in fair lending and the
financial services industry.
- Sound organizational, analytical, oral, and written
communication skills including ability to effectively write
reports, present to management and various regulators.
- Proven track record of executing multiple projects concurrently
and delivering high quality work to meet tight deadlines.
- Ability to lead, coach, and mentor junior team members and
influence their careers.
- Ability to build a strong rapport with line of business
management and provide impact without impairing independence.
- Strong interpersonal skillsDESIRED QUALIFICATIONS
- Professional Compliance or Audit Certification desired (e.g.
CRCM (Certified Regulatory Compliance Manager), CIA (Certified
Internal Auditor)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 ManagementShift:1st shift (United States of
America)Hours Per Week: 40Pay Transparency detailsUS - RI -
Providence - 1 Financial Plaza (RI1537)Pay and benefits
informationPay range$141,100.00 - $199,000.00 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, Providence , Senior Audit Manager - Fair Lending, Executive , Providence, Rhode Island
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