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Audit Supervisor - Wealth Management

Company: Disability Solutions
Location: Pennington
Posted on: June 11, 2024

Job Description:

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 for Lines of Business (LOBs). 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 evaluating the design and execution of business processes/controls associated with Wealth Management activities (e.g. Private Bank and Merrill Wealth Management). Project areas include testing processes and controls within Investment Products, Portfolio Construction, the Chief Investment Office, Financial Advisor Activities, Banking Product Sales, Licensed Supervision, Registration & Licensing, Data Management, Trust and Estate Settlement Services, Philanthropic Solutions, among other Wealth Management areas. Additional activities would include data extraction from multiple sources, documenting audit work, and validation of business remediation activities associated with open issues. Typically works on projects of moderate to high complexity that would involve learning (regulatory regime, business model, processes) on each new assignment.

  • 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).Skills:--- Internal Audit Review--- Issue Management--- Risk Management--- Audit Planning--- Analytical Thinking--- Project Management--- Automation--- Technical Documentation--- Attention to Detail--- Business Acumen--- Relationship Building--- Coaching--- Critical Thinking--- Written CommunicationsRequired Qualifications--- Bachelor's Degree OR Equivalent work experience--- 4+ years related work experience within auditShift:1st shift (United States of America)Hours Per Week: 40

Keywords: Disability Solutions, Trenton , Audit Supervisor - Wealth Management, Executive , Pennington, New Jersey

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