Bank of America Hiring for Vice President, Audit Manager, Corporate Audit at Mumbai, , India Full Time

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!

Your background

Education:

• Bachelors’ Degree preferably in accounting, finance or related field and Professional Audit or Accounting Certification (e.g. CA)

Work experience:

• At least 12-15 years of relevant work experience, with focus on audit (internal audit. Strong mid-career change candidates with no audit experience might be considered (solid operational, front office or control function working experience).

Personal skills:

• Excellent interpersonal and communication skills with ability to work with people across different organization levels and diverse backgrounds (especially in dealing with senior stakeholders)
• Critical and independent thinking with ability to exercise sound judgment.
• Proactive and positive attitude; excellent attention to details; able to perform effectively under pressure.

Product knowledge:

• Sound knowledge and experience in regulatory interactions / governance processes
• Strong understanding of RBI / SEBI regulations
• Strong business acumen and sound knowledge of Corporate Banking business, GTS business, internal controls, products and a strong understanding of India regulations (SEBI & RBI)
• Understanding of Global Markets business will be a plus

Language skills:

• Solid level of fluency in English (verbal and written)

What you can expect

Be part of a highly experienced Asia Pacific Corporate Audit team with exciting opportunities for regional and global audit exposure and career growth. Corporate Audit is an independent function that reports to the Audit Committee of the Bank of America Corporation. We provide independent assessment and validation of the effectiveness of key processes and controls across the Company. We are a team of approximately 900 auditors globally based in the US, EMEA, APAC and Latin America.

We strive to help all employees reach their full potential. We believe that diverse backgrounds and experiences make us stronger. We respect every individual and value our differences – in thought, style, cultures, ethnicity and experience.

What you will do

The role involves supporting the India Audit head in handling all regulatory inspections, represent audit in key governance forums and managing key stakeholder relationships.

In particular:

• Assist to develop the India audit plan (e.g. audit scope, coverage strategy) based on detailed evaluation of process/business risks and controls and local regulatory requirements Perform and document the execution of specific audit procedures as defined by the projects’ objectives and planned audit approach. Communicate audit results to impacted stakeholders in an accurate, timely and professional manner to guide the issue acceptance and resolution process. Lead/assist with drafting quality and timely audit reports supporting audit opinions and share results with audit and business leaders.
• Represent audit in key governance forums and maintain relationships with key stakeholders including concurrent and statutory audit team
• Be a key contributor by participating and leading in local and regional audits for Corporate Banking, Global Transaction Services (GTS), Global Markets and Operations. We expect the individual to work as an individual contributor / Lead an Audit (Audit In-Charge) to conduct testing independently and with the opportunity to lead a local /regional audit team
• Lead/assist with drafting quality and timely audit reports supporting audit opinions and share results with audit and business leaders.
• Demonstrate professionalism and competence. Stay informed of current economic developments, applicable local India regulations, risk, processes, and controls relevant to the businesses supported.

Exercise critical and out of box thinking, analytical skills and professional judgment to influence business partners, senior business managers and peers.  Help business partners to balance their business strategy with appropriate risk management controls.