Vice President, Global Markets Internal Audit, Australia

1 day ago

Sydney, New South Wales, Australia Bank of America Full time $120,000 - $180,000 per year

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us
 

Position Description

The individual will be a Vice President in the Global Markets Audit team.  

Key Responsibilities:

  • Oversee and execute assigned areas of audit work for Global Markets business in Asia Pacific, providing day to day guidance to teammates.
  • Execute audit strategy for the sound application of risk-based auditing by defining audit scope, audit program, and test procedures.
  • Typically acts as Auditor-in-Charge (AIC) for Global Markets audits. When leading an audit engagement, is responsible for day-to-day coaching, mentoring, and performance feedback. Fosters an inclusive work environment.
  • Oversee assessment and coverage of risks and emerging risks for Australia.
  • Oversees audit testing to ensure timely execution within quality standards and conformance to audit policies and procedures.
  • Assesses issues for impact to business processes (Global Markets (GM) businesses and the relevant control functions), controls and strategies, recommends severity ratings and escalation of broad themes or trends.
  • Drafts quality and timely audit reports and shares results with business leaders.
  • Manages business partner relationships when conducting specific audits; primary engagement is with line management.
  • Candidate will be required to engage with senior management within Audit and the line of business, audit teams and also face off regulators.
  • Exercises critical thinking and judgment to effectively influence management to improve the control environment.

Key Requirements:

  • Minimum of 10-12 years or more of working experience in a Global Markets Audit team covering Front Office trading activities.
  • Excellent analytical skills and strong communication skills to effectively engage with both stakeholders and regulators.
  • In-depth knowledge and Audit execution background of Global Markets business and relevant control functions and strong understanding of local regulatory requirements in Australia.
  • Ability to work in a team environment, focus on high quality execution and lead audit assignments.

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