Senior Auditor - Economic Sanctions

Senior Auditor - Economic Sanctions Wilmington, Delaware;Stamford, Connecticut; East Hartford, Connecticut; Charlotte, North Carolina; Dallas, Texas; Providence, Rhode Island 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 performing test work during moderately complex audit activities for Lines of Business (LOBs). Key responsibilities include designing and executing audit tests to evaluate the control environment, and assessing issues for business impact and recommending severity ratings under the supervision of senior team members. Responsibilities: Executes audit strategy for the sound application of risk-based auditing by defining audit scope and audit program, and leverages automation and innovative methods in a timely and high quality manner Identifies control deficiencies, discusses with line management, and initiates control matter recommendations Establishes business partner relationships, primarily with line management, to develop business knowledge Assesses impacts to business processes, controls, and strategies to provide recommendations on severity ratings Exercises sound judgment to effectively influence management to improve the control environment while developing knowledge of product, business, and technical expertise Develops skills to use innovative tools to complete audit activities more efficiently (e.g., testing) Experience with economic sanctions related risks and a solid business understanding of financial services industry, especially those associated with correspondent banking, corporate banking, treasury management and capital markets conducting sanctions reviews. Perform sanctions audits at the enterprise level as well as other diverse lines of business and specialty areas; Experience in US financial crime regulations including OFAC, Support the execution of sanctions audit as well as regulatory and partner exams by creating presentation materials and providing timely responses to inquiries. Design and perform compliance audit procedures, including identifying and defining issues, reviewing and analyzing evidence, and documenting processes; Leverage available data and analytical tools during the planning, fieldwork, and reporting phases of audit delivery; Communicate the results of audit projects to management (written reports/oral presentations); Establish and build working relationships with internal and external management; Perform sanctions risk assessments of business activities, potential risks exposures, and materiality of loss; and Demonstrates experience in managing integrated internal audit and assurance delivery. 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 Skills & Qualifications: Bachelor's or Master's Degree Minimum 1-3 years of audit experience in areas related to AML, sanctions and fraud risk management programs and regulations, banking regulations, local standards, and internal policies, or Minimum 1-3 years of experience conducting Economic Sanction audits, Risk Management audits, Compliance audits or a combination, or Minimum of 1-3 experience in Audit, Compliance, Risk, Business Controls, or other related experience Excellent project management, interpersonal, oral and written communication skills; strong attention to detail and accuracy Exceptional analytical and critical thinking abilities; Able to develop and convey a point of view Professionalism, dependability, integrity and trustworthiness combined with a cooperative attitude. Able to thrive in a dynamic team environment Highly motivated self-starter with ability to multitask and complete assignments within time constraints and deadlines. Individual with desire to learn and teach others, high energy, positive attitude Proficiency in Microsoft Office products Analytical Thinking Attention to Detail Internal Audit Review Risk Management Technical Documentation Automation Business Acumen Issue Management Project Management Critical Thinking Relationship Building Written Communications Desired Qualifications Certified Anti-Money Laundering Specialist (CAMS), Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certified Regulatory Compliance Manager (CRCM), or Certified Fraud Examiner (CFE) Minimum Education Requirement Bachelor's Degree 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), US - CT - Stamford - 600 Washington Blvd (CT2561), US - RI - Providence - 1 Financial Plaza (RI1537) Pay and benefits information Pay range $83,500.00 - $102,400.00 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 ( . To view the "EEO is the Law" Supplement, CLICK HERE ( . View the LA County Fair Chance Ordinance ( . 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.

Created: 2024-11-05