Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead audits, assess risks, and mentor your team in a dynamic environment.
- Company: Join a global leader in financial services focused on Counterparty Credit Risk.
- Benefits: Enjoy flexible work options, professional development, and a supportive culture.
- Why this job: Make an impact by improving control environments and driving continuous improvements.
- Qualifications: Master’s degree or equivalent experience in finance; knowledge of Counterparty Credit Risk is a plus.
- Other info: Opportunity to work on large, cross-functional audits with a diverse team.
The predicted salary is between 48000 - 72000 £ per year.
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. The team’s coverage is global and covers Counterparty Credit Risk.
The individual will be responsible for coordinating, scoping and leading team reviews (incl. large, cross-functional audits) to provide timely and complete assurance over the end-to-end Counterparty Credit Risk framework. Independently executes assigned audit activities and supervises the audit team for the project engagement as well as engages in multiple projects simultaneously. Utilizes sound, seasoned analytical skills and possesses product, business, and technical expertise to execute assigned responsibilities. Exercises judgment and critical thinking to influence business partners. Identifies control trends in assigned business areas as well as impact to the business and the Bank overall by applying deep and broad business acumen.
Responsibilities:- 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 manner.
- Acts 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 procedures.
- Assesses impacts to business processes, controls, and strategies to provide recommendations on severity ratings and escalate broad themes or trends accordingly based on existing business knowledge.
- Exercises intellectual curiosity and judgment to effectively influence and challenge management to improve the control environment and drive continuous improvements on audit.
- Oversees a team of associates and provides day-to-day mentoring and guidance and fosters an inclusive work environment.
- Maintains business partner relationships, primarily with line management, to develop business knowledge.
- Exercises sound knowledge of product, business, and technical expertise to effectively challenge management to improve the control environment.
- Analytical Thinking
- Audit Planning
- Internal Audit Review
- Issue Management
- Business Acumen
- Coaching
- Project Management
- Relationship Building
- Attention to Detail
- Automation
- Critical Thinking
- Technical Documentation
- Master’s Degree or equivalent work experience
- Counterparty Credit Risk and/or Global Markets knowledge and experience.
- Audit or risk control risk/controls background in financial services
- Intermediate Analytical/Automation Skills (Alteryx, Python, SQL, SAS, Advanced Excel and Access)
Audit Manager - Counterparty Credit Risk employer: Bank of America
Contact Detail:
Bank of America Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Audit Manager - Counterparty Credit Risk
✨Tip Number 1
Familiarise yourself with the latest trends in Counterparty Credit Risk and audit practices. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the audit and financial services sectors. Attend industry events or join relevant online forums to connect with potential colleagues and learn more about the company culture at StudySmarter.
✨Tip Number 3
Prepare to discuss your experience with risk-based auditing and how you've successfully managed teams in previous roles. Highlight specific examples where your analytical skills made a significant impact on audit outcomes.
✨Tip Number 4
Showcase your technical skills, especially in automation tools like Alteryx or Python. Be ready to explain how you've used these tools to enhance audit processes or improve efficiency in past projects.
We think you need these skills to ace Audit Manager - Counterparty Credit Risk
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in audit management, particularly in Counterparty Credit Risk. Use specific examples that demonstrate your analytical thinking and project management skills.
Craft a Compelling Cover Letter: In your cover letter, express your passion for risk-based auditing and how your background aligns with the responsibilities of the Audit Manager role. Mention your experience in mentoring teams and fostering inclusive work environments.
Highlight Technical Skills: Emphasise your proficiency in analytical tools such as Alteryx, Python, SQL, and Advanced Excel. Provide examples of how you've used these skills to improve audit processes or outcomes in previous roles.
Showcase Business Acumen: Demonstrate your understanding of the financial services industry and how it relates to Counterparty Credit Risk. Discuss any relevant projects or experiences where you influenced business partners or improved control environments.
How to prepare for a job interview at Bank of America
✨Showcase Your Analytical Skills
As an Audit Manager, analytical thinking is crucial. Be prepared to discuss specific examples where you've successfully identified risks or trends in previous audits. Highlight your experience with tools like Alteryx or Python to demonstrate your technical expertise.
✨Demonstrate Leadership and Mentoring
Since the role involves overseeing a team, share your experiences in mentoring and guiding team members. Discuss how you foster an inclusive work environment and how you’ve helped others grow in their roles.
✨Understand the Business Context
Familiarise yourself with the company's operations and the Counterparty Credit Risk framework. Be ready to discuss how your business acumen can contribute to improving the control environment and driving continuous improvements.
✨Prepare for Scenario-Based Questions
Expect questions that assess your judgment and critical thinking. Prepare for scenarios where you need to influence management or recommend actions based on audit findings. Use the STAR method (Situation, Task, Action, Result) to structure your responses.
