Job Description
Overview
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.
We are a part of the Global Business Services which delivers technology and operations capabilities to Bank of America lines of business (LOB) and enterprise functions.
Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.
• BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.
Process Overview
Corporate Audit and Credit Review is a global team responsible for providing independent assessments of business activities throughout Bank of America. Corporate Audit provides independent assessment and validation of risk through testing of key processes and controls across the Bank, which are designed to add value and improve the Bank's operations and long term business strategies. The mission of Corporate Audit is to effectively and efficiently support the Company’s risk governance framework by determining whether controlling processes and controls over strategic, credit, market, liquidity, operational, compliance, and reputational risks are adequately designed and functioning effectively.
Job Description
The Audit Supervisor (Technology) will execute assigned areas of audit work (point in time audits, continuous audits or issue validations) to drive data testing providing day to day coaching and guidance to teammates. ensuring timely execution of assigned audit schedules with quality standards and adherence to audit policies and procedures. The Audit Supervisor will act as both an individual contributor and will also lead audit engagements and guide junior team members.
The Audit Supervisor (Technology) will be exposed to multiple business units and will need business acumen expertise in the products / technology used. The Supervisor must assess issues for impact to business processes, controls and strategies, recommends severity ratings and escalation of broad themes or trends. They are expected to exercise critical thinking and judgment to effectively influence management to improve the control environment.
On a day-to-day basis, the Audit Supervisor:
• Executes audit strategy for the sound application of risk based auditing by defining audit scope, audit program, and test procedures.
• Demonstrates strategic thinking and supports change.
• Demonstrates “intellectual curiosity” to learn how technology is enabling our business and raises challenges to both FLUs (front line units) and control functions (second line units) when anomalies are observed
• Oversees audit reviews of moderate to high complexity that would involve understand the data used in capital decisions/regulatory reporting and drive testing of completeness and accuracy of data from point of origin, to systems of record, through business use (e.g. reporting) by independently querying systems data for data extraction from multiple sources by Audit team and perform advanced data analytics.
• Conducts review and test execution of data input and output controls like reconciliation, data transfer completeness controls, thresholds, month over month comparisons etc.
• For qualitative calculation, the Audit Supervisor plans and executes the required efforts to evaluate the code or calculations in accordance with the documented methodology for the capital decisioning models.
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.
We are a part of the Global Business Services which delivers technology and operations capabilities to Bank of America lines of business (LOB) and enterprise functions.
Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.
• BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.
Process Overview
Corporate Audit and Credit Review is a global team responsible for providing independent assessments of business activities throughout Bank of America. Corporate Audit provides independent assessment and validation of risk through testing of key processes and controls across the Bank, which are designed to add value and improve the Bank's operations and long term business strategies. The mission of Corporate Audit is to effectively and efficiently support the Company’s risk governance framework by determining whether controlling processes and controls over strategic, credit, market, liquidity, operational, compliance, and reputational risks are adequately designed and functioning effectively.
Job Description
The Audit Supervisor (Technology) will execute assigned areas of audit work (point in time audits, continuous audits or issue validations) to drive data testing providing day to day coaching and guidance to teammates. ensuring timely execution of assigned audit schedules with quality standards and adherence to audit policies and procedures. The Audit Supervisor will act as both an individual contributor and will also lead audit engagements and guide junior team members.
The Audit Supervisor (Technology) will be exposed to multiple business units and will need business acumen expertise in the products / technology used. The Supervisor must assess issues for impact to business processes, controls and strategies, recommends severity ratings and escalation of broad themes or trends. They are expected to exercise critical thinking and judgment to effectively influence management to improve the control environment.
On a day-to-day basis, the Audit Supervisor:
• Executes audit strategy for the sound application of risk based auditing by defining audit scope, audit program, and test procedures.
• Demonstrates strategic thinking and supports change.
• Demonstrates “intellectual curiosity” to learn how technology is enabling our business and raises challenges to both FLUs (front line units) and control functions (second line units) when anomalies are observed
• Oversees audit reviews of moderate to high complexity that would involve understand the data used in capital decisions/regulatory reporting and drive testing of completeness and accuracy of data from point of origin, to systems of record, through business use (e.g. reporting) by independently querying systems data for data extraction from multiple sources by Audit team and perform advanced data analytics.
• Conducts review and test execution of data input and output controls like reconciliation, data transfer completeness controls, thresholds, month over month comparisons etc.
• For qualitative calculation, the Audit Supervisor plans and executes the required efforts to evaluate the code or calculations in accordance with the documented methodology for the capital decisioning models.
💡 Quick Summary
Seeking a career-building opportunity? The VP|Audit Supervisor position is now open for candidates interested in the Bank Jobs sector. This role in Gandhinagar offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
