Senior Auditor

Position Overview

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We drive Responsible Growth by delivering for our clients, teammates, communities, and shareholders every day. Our commitment to being an inclusive workplace, developing exceptional talent, and supporting the wellness of our teammates is at the core of how we operate. Bank of America is committed to an in-office culture with role-specific flexibility. Join us to build a successful career, learn, grow, and make an impact!

This job is responsible for performing test work during moderately complex audit activities for Lines of Business (LOBs). The role involves designing and executing audit tests to evaluate the control environment, assessing issues for business impact, and recommending severity ratings under the supervision of senior team members. The focus is on monitoring and identifying emerging risks to ensure compliance with Bank Secrecy Act (BSA) and Anti-Money Laundering regulatory requirements.

Key Responsibilities

• Executes audit strategy for the sound application of risk-based auditing by defining audit scope and audit program, leveraging automation and innovative methods timely and effectively.
• Identifies control deficiencies, discusses them with line management, and initiates recommendations for control matters.
• Establishes business partner relationships, primarily with line management, to develop in-depth business knowledge.
• Assesses impacts to business processes, controls, and strategies to provide recommendations on severity ratings.
• Exercises sound judgment to influence management in improving the control environment while developing product, business, and technical expertise.
• Develops skills to use innovative tools to enhance the efficiency of audit activities.
• Demonstrates the ability to work independently and collaboratively to deliver high-quality audit testing.
• Shows willingness to learn new subject matters in the Financial Crime regulatory compliance space and applies learnings to assist in risk identification and mitigation.
• Uses analytical skills to identify trends, themes, and emerging risks internally and externally to inform the audit plan and improve testing quality.

Required Qualifications

• 3+ years of general auditing experience with a finance or control function, internal audit function or public accounting firm, preferably within the Banking or Financial Services industry.
• Intermediate Analytical / Automation Skills (SQL, SAS, Advanced Excel and Access).
• Ability to execute audit test plans within a risk-based audit methodology.
• Sound organizational, analytical, oral and written communication skills.
• Self-starter with a desire to learn and the ability to teach others; positive attitude and flexibility.
• Ability to work in a very detailed manner.
• Experience in data visualization and reporting.
• Education: Bachelor's degree.

Preferred Qualifications

• Advanced degree.
• Certifications: CAMS, CIA.
• Experience in Financial Crime Regulatory Compliance (BSA/AML).
• Experience in Audit.

Benefits & Perks

• Salary: $85,000.00 - $102,000.00 annualized salary, offers to be determined based on experience, education and skill set.
• Location: US - IL - Chicago (540 W Madison St - Bank Of America Plaza); US - RI - Providence (1 Financial Plaza).
• Schedule: 1st shift (United States of America), 40 hours per week.
• Compensation: Eligible for an annual discretionary award based on individual performance and company success.
• Benefits: Access to industry-leading benefits including paid time off, health and wellness resources, and support for personal growth.