Senior Audit Manager - (Bsa/Aml Including Sanctions)

Senior Audit Manager - (BSA/AML including Sanctions)

Charlotte, North Carolina;Newark, Delaware; East Hartford, Connecticut; Boston, Massachusetts; Wilmington, Delaware

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

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 Management

Responsibilities

Subject matter expertise of BSA/AML and Fraud related risks and a solid business understanding of application of these risks within a large financial institution.
Knowledge of key business segments including retail, banking, capital markets, etc.
Plan, perform, and lead BSA/AML Compliance and Fraud audits at the enterprise level as well as other diverse lines of business and specialty areas

Subject matter expertise in US financial crime regulations including the Bank Secrecy Act/Anti-Money Laundering, Sanctions (e.g., OFAC)

Support the execution of the annual BSA independent audit as well as regulatory and partner exams by creating presentation materials and providing timely responses to inquiries.
Manage staff during audit engagements and provide feedback on work performed.
Design and perform compliance audit procedures, including identifying and defining issues, reviewing and analyzing evidence, and documenting processes.
Challenge LOB to ensure that the remediation is comprehensive and sustainable

Leverage risk mindset and influence LOB leaders to drive proper remediation of regulatory gaps

As required, engage with regulators to walk through validation work

Develop test plans designed to address the risk and root cause of the issue

Reviewing the work performed by their team including coaching associates

Work with leadership to effectively prioritize issues that may be past due or high risk

Effectively manage time to complete assigned issues within a reasonable timeframe

Proactively communicate status, escalate challenges and findings

Establish and maintain business partner relationships

Actively support peers and broader team during issue validation and other work

Required Skills & Experiences

Bachelors' Degree or equivalent years of experience

Minimum 10-15 years in Financial Crimes related roles.
Audit, Risk or Compliance experience in Financial Institutions.
Strong understanding of technology, general controls, and other controls

Sound organizational, analytical, oral, and written communication skills including ability to effectively write reports, present to management and various regulators.
Ability to work in a matrix reporting structure.
Ability to successfully communicate to influence management and lead change on both strategic and tactical initiatives.
Excellent interpersonal skills.
Ability to effectively interact with diverse teams.
Sound organizational, analytical, oral, and written communication skills including ability to effectively document issue validation

Understanding of audit practices and methodologies as well as rules for professional and ethical conduct.
Ability to think critically and apply audit and technical expertise.
Desired Skills and Experience

Certified Anti-Money Laundering Specialist (CAMS) or Certified Fraud Examiner (CFE)

Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certified Regulatory Compliance Manager (CRCM),

Audit / Assurance or operational experience in large scale enterprise environment / financial institution.
Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - CT - East Hartford - 101 E River Dr - One Riverview Square (CT2550)

Pay and benefits information

Pay range

$141,100.00 - $199,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible

This 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.
Benefits

This 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/OFCCP_EEO_Supplement_Final_JRF_QA_508c.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.