Climate and Environmental Risk - Audit Supervisor

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 independently performing test work during highly complex audit activities over front-line and control function teams involved in climate and environmental risks. Key responsibilities include independently designing and executing audit tests, assessing issues for business impact and recommending severity ratings, and establishing business partner relationships. Job expectations include evaluating the control environment, fostering an inclusive work environment, applying product, business, and technical expertise, and supporting team members with development.

Responsibilities:

• Responsible for audit coverage/testing of key areas and activities covering climate and environmental risks applicable across the enterprise.
• Executes audit strategy for the sound application of risk-based auditing by defining audit scope and audit programs and leverages automation and innovative methods in a timely and high-quality manner
• Exercises sound knowledge of product, business, and technical expertise to effectively challenge management to improve the control environment.
• Assesses impacts to business processes, controls, and strategies to provide recommendations on severity ratings.
• Provides input on draft audit reports and shares audit results with business leaders.
• Supports the development of peers and teams through on-the-job-training and fosters an inclusive work environment.
• Establishes business partner relationships, primarily with line management, to develop business knowledge.
• Uses innovative tools to complete audit activities more efficiently (e.g., testing)
• Leads/executes process understandings, identification of key risks and controls, designs test plans, executes and documents testing performed.
• Ensures Audit testing is robust and adheres to BAC Audit methodology and IIA standards.
• Manage, monitor, and perform Audit Issue validation while balancing Audit assignments
• Stays abreast of regulatory developments, emerging risks, and report/instruction changes; contributes to calibration of the plan

Skills:

• Analytical Thinking
• Audit Planning
• Internal Audit Review
• Issue Management
• Risk Management
• Attention to Detail
• Automation
• Business Acumen
• Project Management
• Technical Documentation
• Coaching
• Critical Thinking
• Relationship Building
• Written Communications

Required Qualifications:

• Greater than 5 years experience in financial services industry, risk management or experience in a related field.
• BA/BS or equivalent
• Strong critical thinking, communication, and project management skills with attention to detail
• Ability to learn complex subject matter, understand regulatory requirements, and build testing programs to ensure compliance and mitigate risks.
• Proven track record of executing multiple projects concurrently and delivering high quality work to meet tight deadlines.
• Ability to lead, coach, and mentor junior team members and influence their careers.
• Ability to build a strong rapport with line of business management and provide impact without impairing independence.
• Strong interpersonal skills and effective communicator, both orally and in writing

Desired Qualifications:

• Experience in evaluating workflows/ systems/ data mining
• Experience with climate and environmental risk areas, GARP Sustainability and Climate Risk (SCR) certification and Financial Risk Management (FRM) highly encouraged.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - RI - Providence - 1 Financial Plaza (RI1537)

Pay and benefits information

Pay range$100,000.00 - $125,000.00 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.