Job Description:
Job Title: Audit Supervisor – Global Markets Audit
Corporate Title: Vice President
Location: London
Company Overview:
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!
Location Overview:
Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. We’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.
Role Overview:
Responsible for executing multiple areas of test work during audit activities. Utilizes sound analytical skills and possesses product, business, and technical expertise to execute assigned audit testing responsibilities. Independently executes audit test work on assigned audits and demonstrates sound project management skills. Raises issues and concerns and makes recommendations for severity ratings. Assesses issues for impact to business processes, controls, and strategies, recommends severity ratings and escalation of broad themes or trends. Works with team and provides input to draft quality audit reports and supports sharing audit results with business leaders. Begins to establish business partner relationships; primary engagement is with line management. Exercises critical thinking and judgment to effectively influence management to improve the control environment. Actively supports peers and audit team with development as part of on-the-job training during audit execution. Fosters a positive and inclusive work environment.
The team:
The Cross Global Markets team sits with the broader Global Markets team. This team is responsible for executing audits globally across GM covering areas such as Supervision and Trade Surveillance, Unauthorised Trading, Market Conduct, Market Abuse, Data Quality and Valuation Control.
Required Skills:
This role is for the Global Markets coverage area and we expect candidates to have either audited a Sales and Trading function or gained experience in a first or second line function related to Sales and Trading (e.g., sales, trading, market risk management, product control, or GM-specific compliance). Skills transferable to auditing include project management, external audit experience, risk and control roles, even without prior audit experience.
Within the GM area, this role aims to enhance our coverage of GM supervision and trade surveillance. Candidates familiar with market conduct risk and types of market abuse linked to delinquent sales and trading behavior are preferred. Experience with remediation or auditing FX Consent Orders is advantageous.
* Strong experience in Audit, Risk, Business Control, Compliance, Finance, or relevant fields
* Ability to plan, execute, and evaluate audit test plans within a risk-based methodology
* Effective communication skills to influence management and drive change
* Self-motivated with a desire to learn, teach others, and exhibit flexibility and curiosity
* Strong analytical skills to analyze large data sets and identify risks
* Attention to detail and ability to see broad patterns and themes
* Ability to manage multiple efforts and adapt quickly
* Excellent written and verbal communication skills for management engagement
* Bachelor’s degree or relevant experience
* Knowledge of financial instruments and risk management principles, including Global Markets products
Benefits of working at Bank of America:
UK:
* Private healthcare for you and your family, including an annual health screen and options for additional screenings
* Competitive pension, life assurance, and income protection benefits
* Back-up childcare and adult care support
* Flexible benefits including wellbeing accounts, travel insurance, and critical illness cover
* Access to mental health and wellbeing support services
* Charitable donation matching via payroll
* Discounted cultural memberships and community volunteering opportunities
Our Conduct Standards:
Good conduct and sound judgment are vital for our success. All employees are expected to adhere to our standards of conduct, managing conduct risk through accountability and ownership. We are an equal opportunity employer and committed to accessible recruitment processes. We encourage applicants to inform us of any adjustments needed during the hiring process.
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