Audit Manager - Global Markets FICC
Location: London.
Overview
This role is responsible for overseeing audit work and executing on the audit strategy for Global Markets FICC lines of business, including Rates, FX, Credit, Mortgages, Munis, and Commodities.
Responsibilities
* Execute audit strategy for risk-based auditing by defining audit scope and audit programs.
* Draft audit reports leveraging automation and innovative methods in a timely and high-quality manner.
* Act as Auditor-in-Charge (AIC) by overseeing audit testing and ensuring it is carried out in a timely manner and conforms with quality standards, audit policies, and procedures.
* Assess impacts to business processes, controls, and strategies to provide recommendations on severity ratings and to elevate broad themes or trends.
* Exercise intellectual curiosity and judgment to influence and challenge management to improve the control environment and drive continuous improvements.
* Oversee a team of associates, provide day‑to‑day mentoring and guidance, and foster an inclusive work environment.
* Maintain business partner relationships, primarily with line management, to develop business knowledge.
* Leverage knowledge of product, business, and technical expertise—especially trading and hedging strategies, supervisory procedures, P&L attribution, risk management, operational processes, and regulatory landscape—to effectively challenge management.
* Support preparation of regulatory exams by creating presentation materials and providing timely responses to inquiries.
* Leverage data and analytical tools during planning, fieldwork, and reporting phases of audit delivery.
* Communicate findings effectively, both verbally and in writing.
Qualifications
* 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 the role of auditor‑in‑charge.
* Bachelor’s or Master’s degree in Business, Economics, Finance, or other quantitative field, or MBA.
* Professional certifications preferred: Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), Certified Internal Auditor (CIA), or relevant securities licenses.
* Intermediate analytical/automation skills (SQL, Alteryx, advanced Excel, and Access).
* Experience working in a large, global financial institution, preferably a bank or large brokerage house.
Benefits
* UK private healthcare for you and your family plus an annual health screen.
* Competitive pension plan, life assurance and group income protection cover.
* 20 days of backup childcare and 20 days of backup adult care per annum.
* Flexible benefits, including wellbeing account, travel insurance, critical illness coverage, and the option to adjust core benefits.
* Access to an emotional wellbeing helpline, mental health first aiders, and virtual GP services.
* Employee Assistance Program for confidential support.
* Direct payroll donation to charities with matching contribution by the bank.
* Arts & Culture corporate membership and discounted entry to cultural institutions.
* Volunteer opportunities in local communities.
Equal Opportunity
Bank of America is an equal opportunities employer and ensures 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. We strive for an accessible recruitment process and encourage applications from individuals requiring adjustment support.
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