Audit Manager - Global Markets FICC

Location: London

Corporate Title: Vice President

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.

Key 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 to elevate 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.
• Knowledge of trading and hedging strategies, supervisory procedures, P&L attribution, risk management, operational processes and regulatory landscape strongly preferred.
• Experience in validation of audit and regulatory issues.
• Supports preparation of regulatory exams by creating presentation materials and providing timely responses to inquiries.
• Leverages available data and analytical tools during the planning, fieldwork, and reporting phases of audit delivery.
• Effective influence skills in communicating findings.

Experience and Skills:

• Extensive audit experience in areas related to capital markets, fixed income products, derivatives, front office risk management, laws and regulations, banking regulations, local standards, and internal policies.
• Experience leading audits and performing in the role of auditor‑in‑charge.
• Bachelor’s or Master’s Degree in Business, Economics, Finance, or other quantitative field or Master of Business Administration.
• Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), Certified Internal Auditor (CIA) or relevant securities licenses preferred.
• Intermediate analytical / automation skills (SQL, Alteryx, Advanced Excel and Access).
• Experience working in large, global financial institution, preferably a bank or large brokerage house.

Benefits Of Working At Bank Of America:

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner.
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons.
• 20 days of back‑up childcare including access to school holiday clubs and 20 days of back‑up adult care per annum.
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• Access to an Employee Assistance Program for confidential support and help for everyday matters.
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution.
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Equal Opportunity Statement:

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio‑economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications, and experience. We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. Good conduct and sound judgment are crucial to our long‑term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind‑set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.