Audit Manager
Company: Disability Solutions
Location: Charlotte
Posted on: April 20, 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: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:Key
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 matterRequired Skills: "Must" have these skills to be
minimally qualified.Greater than 7 years' experience in a related
role
- BA/BS or equivalent. CPA, CIA, CISA or similar
- Specific subject matter expertise in audit and the financial
services industry.
- Specific 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
- 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 concurrently
and delivering high quality work to meet tight deadlines
- 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.Desired Skills:
- 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 ReportsShift:1st
shift (United States of America)Hours Per Week: 40
Keywords: Disability Solutions, Rock Hill , Audit Manager, Accounting, Auditing , Charlotte, South Carolina
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