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, Newton , Senior Audit Manager - Fair Lending, Executive , Providence, Massachusetts