Bank of America
Quality Assurance Manager - AML/GFC
Bank of America, Charlotte, North Carolina, United States, 28245
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Quality Assurance Manager - AML/GFC
Apply
locations
Charlotte
New York
Atlanta
Stamford
Dallas
time type
Full time
posted on
Posted 3 Days Ago
job requisition id
24013479
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 overseeing assigned areas of audit work acting as an Auditor-in-Charge (AIC), and executing on the audit strategy for Lines of Business (LOBs). Key responsibilities include driving risk-based auditing by defining scope and test procedures to evaluate the control environment in conformance with audit policies, assessing issues for business impact and recommending severity ratings, drafting audit reports, and managing business partner relationships. Job expectations include fostering an inclusive work environment, and mentoring team members.Bank of America Corporate Audit and Credit Review (CACR) provides independent assessments of key processes and controls across the Company in support of the Company’s Risk Framework and business strategies. The mission of CACR is to support the Company’s risk governance framework effectively and efficiently by determining whether controlling processes and controls over strategic, credit, market, liquidity, operational, compliance, and reputational risks are adequately designed and functioning effectively.The Quality Assurance Team is responsible for ensuring that Corporate Audit activities comply with internal policies and procedures, as well professional standards set forth by industry and regulatory institutions. Responsibilities include but are not limited to:Subject matter expertise of BSA/AML and Fraud related risks with a focus on data, data quality, data flows 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.Subject matter expertise in US financial crime regulations including the Bank Secrecy Act/Anti-Money Laundering, Sanctions (e.g., OFAC)Assess the execution of the annual BSA audit work as well as regulatory and partner exams by creating presentation materials and providing timely responses to inquiries.
Executes quality assurance reviews of core audit activities i.e. audits, issues validation, audit plan documentation and coverage, and other special projects, using predefined attributes and challenge questions, relevant for the review type and in accordance with the QA strategy.Uses sound analytical skills and possesses product, business and technical expertise to execute assigned AML QA reviews.Independently executes assigned QA review and demonstrates sound project management skills.Exercises critical thinking and judgment to effectively challenge and influence audit partners.Should be able to identify trends and act as a catalyst for improving the audit processes and practices.Should be able to independently draft quality reports and present results to senior audit management across the globe, and engage in discussions about risk and demonstrates QA and AML knowledge.Works with team and shares challenges and learnings from QA review, and also provides inputs for automation and simplification.
Effective influence skills in communicating findings. This individual must be an articulate and effective communicator, both verbally and in writing.Strong interpersonal skills for interfacing with all levels of internal and external audit and management.Exercises intellectual curiosity and judgment to effectively influence and challenge management to improve the control environment and drive continuous improvements on auditMaintains business partner relationships, primarily within Audit, to develop business knowledgeExercises sound knowledge of product, business, and technical expertise to effectively challenge audit to improve the quality of workResponsibilities:Executes audit strategy for the sound application of risk-based auditing by defining audit scope and audit programs, and drafting audit reports leveraging automation and innovative methods in a timely and high quality mannerActs as Auditor-in-Charge (AIC) by overseeing audit testing and ensuring it is executed in a timely manner and conforms with quality standards, audit policies, and proceduresAssesses impacts to business processes, controls, and strategies to provide recommendations on severity ratings and escalate broad themes or trends accordingly based on existing business knowledgeExercises intellectual curiosity and judgment to effectively influence and challenge management to improve the control environment and drive continuous improvements on auditOversees a team of associates and provides day-to-day mentoring and guidance and fosters an inclusive work environmentMaintains business partner relationships, primarily with line management, to develop business knowledgeExercises sound knowledge of product, business, and technical expertise to effectively challenge management to improve the control environmentRequired Skills:
- Bachelor's Degree- Certified Anti-Money Laundering Specialist (CAMS)- Minimum 5 years of audit experience in areas related to BSA/AML, sanctions and fraud risk management programs and regulations, banking regulations, local standards, and internal policies.- Minimum 5 years of experience conducting Bank Secrecy Act /Anti-Money Laundering audits, Risk Management audits, Compliance audits or a combination.- Minimum 2 years of experience leading audits and performing in the role of auditor-in-charge.- Analytical Thinking- Internal Audit Review- Issue Management- Risk Management- Business Acumen- Coaching- Project Management- Relationship Building- Written Communications- Attention to Detail- Critical Thinking- Technical DocumentationDesired Skills:
- Master's Degree in Auditing, Master's Degree in Accounting, Master's Degree in Finance, or Master of Business Administration- Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certified Regulatory Compliance Manager (CRCM), or Certified Fraud Examiner (CFE)Minimum Education Requirement:
Bachelor's DegreeShift:1st shift (United States of America)
Hours Per Week:40
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Considerations when writing a resume• Do be brief. Resumes should be 1-2 pages in length.• Do be upbeat and active in your wording.• Do emphasize what you have done clearly and concretely.• Do be neat and well organized.• Do have others proofread and critique your resume. Spell check. Make it error free.• Do use high quality, white or light colored 8½ x 11 paper. Use a laser printer if possible.• Don't be dishonest, always tell the truth about yourself in the most flattering light.• Don't include salary history or requirements.• Don't include references.• Don't include accomplishments that do not support your professional goals.•
Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.)• Don't use italics, underlining, shadows or other fancy treatments.Seven steps to a successful interview1. Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview?2. Research –What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available?3. Assess –Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight.4. Prepare Answers –Think about what the interviewer may ask, determine what the best answer is and write it down.5. Prepare Questions – Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks.6. Practice – It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease.7. Follow-up – Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage.
#J-18808-Ljbffr
Quality Assurance Manager - AML/GFC
Apply
locations
Charlotte
New York
Atlanta
Stamford
Dallas
time type
Full time
posted on
Posted 3 Days Ago
job requisition id
24013479
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 overseeing assigned areas of audit work acting as an Auditor-in-Charge (AIC), and executing on the audit strategy for Lines of Business (LOBs). Key responsibilities include driving risk-based auditing by defining scope and test procedures to evaluate the control environment in conformance with audit policies, assessing issues for business impact and recommending severity ratings, drafting audit reports, and managing business partner relationships. Job expectations include fostering an inclusive work environment, and mentoring team members.Bank of America Corporate Audit and Credit Review (CACR) provides independent assessments of key processes and controls across the Company in support of the Company’s Risk Framework and business strategies. The mission of CACR is to support the Company’s risk governance framework effectively and efficiently by determining whether controlling processes and controls over strategic, credit, market, liquidity, operational, compliance, and reputational risks are adequately designed and functioning effectively.The Quality Assurance Team is responsible for ensuring that Corporate Audit activities comply with internal policies and procedures, as well professional standards set forth by industry and regulatory institutions. Responsibilities include but are not limited to:Subject matter expertise of BSA/AML and Fraud related risks with a focus on data, data quality, data flows 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.Subject matter expertise in US financial crime regulations including the Bank Secrecy Act/Anti-Money Laundering, Sanctions (e.g., OFAC)Assess the execution of the annual BSA audit work as well as regulatory and partner exams by creating presentation materials and providing timely responses to inquiries.
Executes quality assurance reviews of core audit activities i.e. audits, issues validation, audit plan documentation and coverage, and other special projects, using predefined attributes and challenge questions, relevant for the review type and in accordance with the QA strategy.Uses sound analytical skills and possesses product, business and technical expertise to execute assigned AML QA reviews.Independently executes assigned QA review and demonstrates sound project management skills.Exercises critical thinking and judgment to effectively challenge and influence audit partners.Should be able to identify trends and act as a catalyst for improving the audit processes and practices.Should be able to independently draft quality reports and present results to senior audit management across the globe, and engage in discussions about risk and demonstrates QA and AML knowledge.Works with team and shares challenges and learnings from QA review, and also provides inputs for automation and simplification.
Effective influence skills in communicating findings. This individual must be an articulate and effective communicator, both verbally and in writing.Strong interpersonal skills for interfacing with all levels of internal and external audit and management.Exercises intellectual curiosity and judgment to effectively influence and challenge management to improve the control environment and drive continuous improvements on auditMaintains business partner relationships, primarily within Audit, to develop business knowledgeExercises sound knowledge of product, business, and technical expertise to effectively challenge audit to improve the quality of workResponsibilities:Executes audit strategy for the sound application of risk-based auditing by defining audit scope and audit programs, and drafting audit reports leveraging automation and innovative methods in a timely and high quality mannerActs as Auditor-in-Charge (AIC) by overseeing audit testing and ensuring it is executed in a timely manner and conforms with quality standards, audit policies, and proceduresAssesses impacts to business processes, controls, and strategies to provide recommendations on severity ratings and escalate broad themes or trends accordingly based on existing business knowledgeExercises intellectual curiosity and judgment to effectively influence and challenge management to improve the control environment and drive continuous improvements on auditOversees a team of associates and provides day-to-day mentoring and guidance and fosters an inclusive work environmentMaintains business partner relationships, primarily with line management, to develop business knowledgeExercises sound knowledge of product, business, and technical expertise to effectively challenge management to improve the control environmentRequired Skills:
- Bachelor's Degree- Certified Anti-Money Laundering Specialist (CAMS)- Minimum 5 years of audit experience in areas related to BSA/AML, sanctions and fraud risk management programs and regulations, banking regulations, local standards, and internal policies.- Minimum 5 years of experience conducting Bank Secrecy Act /Anti-Money Laundering audits, Risk Management audits, Compliance audits or a combination.- Minimum 2 years of experience leading audits and performing in the role of auditor-in-charge.- Analytical Thinking- Internal Audit Review- Issue Management- Risk Management- Business Acumen- Coaching- Project Management- Relationship Building- Written Communications- Attention to Detail- Critical Thinking- Technical DocumentationDesired Skills:
- Master's Degree in Auditing, Master's Degree in Accounting, Master's Degree in Finance, or Master of Business Administration- Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certified Regulatory Compliance Manager (CRCM), or Certified Fraud Examiner (CFE)Minimum Education Requirement:
Bachelor's DegreeShift:1st shift (United States of America)
Hours Per Week:40
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Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity.Regardless of the position you are interested in, the starting points to building your resume are the same:1. Determine the job or types of jobs you want to do and research their responsibilities and qualifications.2. Think about why you can do the job and make a list of your skills that are relative to the job.3. Identify experiences or accomplishments that show your proficiency in the skills required for the job.4. Summarize your abilities, accomplishments and skills into a brief, concise document.
Considerations when writing a resume• Do be brief. Resumes should be 1-2 pages in length.• Do be upbeat and active in your wording.• Do emphasize what you have done clearly and concretely.• Do be neat and well organized.• Do have others proofread and critique your resume. Spell check. Make it error free.• Do use high quality, white or light colored 8½ x 11 paper. Use a laser printer if possible.• Don't be dishonest, always tell the truth about yourself in the most flattering light.• Don't include salary history or requirements.• Don't include references.• Don't include accomplishments that do not support your professional goals.•
Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.)• Don't use italics, underlining, shadows or other fancy treatments.Seven steps to a successful interview1. Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview?2. Research –What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available?3. Assess –Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight.4. Prepare Answers –Think about what the interviewer may ask, determine what the best answer is and write it down.5. Prepare Questions – Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks.6. Practice – It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease.7. Follow-up – Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage.
#J-18808-Ljbffr