Quality Assurance Manager - AML/GFC
Company: Disability Solutions
Location: Charlotte
Posted on: April 20, 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
overseeing assigned areas of audit work acting as an
Auditor-in-Charge (AIC), and executing on the audit strategy for
Lines of Business (LOBs). Key responsibilities include driving
risk-based auditing by defining scope and test procedures to
evaluate the control environment in conformance with audit
policies, assessing issues for business impact and recommending
severity ratings, drafting audit reports, and managing business
partner relationships. Job expectations include fostering an
inclusive work environment, and mentoring team members.Bank of
America Corporate Audit and Credit Review (CACR) provides
independent assessments of key processes and controls across the
Company in support of the Company's Risk Framework and business
strategies. The mission of CACR is to support the Company's risk
governance framework effectively and efficiently by determining
whether controlling processes and controls over strategic, credit,
market, liquidity, operational, compliance, and reputational risks
are adequately designed and functioning effectively.
- The Quality Assurance Team is responsible for ensuring that
Corporate Audit activities comply with internal policies and
procedures, as well professional standards set forth by industry
and regulatory institutions. Responsibilities include but are not
limited to:
- Subject matter expertise of BSA/AML and Fraud related risks
with a focus on data, data quality, data flows and a solid business
understanding of application of these risks within a large
financial institution. Knowledge of key business segments including
retail, banking, capital markets, etc.
- Subject matter expertise in US financial crime regulations
including the Bank Secrecy Act/Anti-Money Laundering, Sanctions
(e.g., OFAC)
- Assess the execution of the annual BSA audit work as well as
regulatory and partner exams by creating presentation materials and
providing timely responses to inquiries.
- Executes quality assurance reviews of core audit activities
i.e. audits, issues validation, audit plan documentation and
coverage, and other special projects, using predefined attributes
and challenge questions, relevant for the review type and in
accordance with the QA strategy.
- Uses sound analytical skills and possesses product, business
and technical expertise to execute assigned AML QA reviews.
- Independently executes assigned QA review and demonstrates
sound project management skills.
- Exercises critical thinking and judgment to effectively
challenge and influence audit partners.
- Should be able to identify trends and act as a catalyst for
improving the audit processes and practices.
- Should be able to independently draft quality reports and
present results to senior audit management across the globe, and
engage in discussions about risk and demonstrates QA and AML
knowledge.
- Works with team and shares challenges and learnings from QA
review, and also provides inputs for automation and
simplification.
- Effective influence skills in communicating findings. This
individual must be an articulate and effective communicator, both
verbally and in writing.
- Strong interpersonal skills for interfacing with all levels of
internal and external audit and management.
- Exercises intellectual curiosity and judgment to effectively
influence and challenge management to improve the control
environment and drive continuous improvements on audit
- Maintains business partner relationships, primarily within
Audit, to develop business knowledge
- Exercises sound knowledge of product, business, and technical
expertise to effectively challenge audit to improve the quality of
workResponsibilities:
- Executes audit strategy for the sound application of risk-based
auditing by defining audit scope and audit programs, and drafting
audit reports leveraging automation and innovative methods in a
timely and high quality manner
- Acts as Auditor-in-Charge (AIC) by overseeing audit testing and
ensuring it is executed in a timely manner and conforms with
quality standards, audit policies, and procedures
- Assesses impacts to business processes, controls, and
strategies to provide recommendations on severity ratings and
escalate broad themes or trends accordingly based on existing
business knowledge
- Exercises intellectual curiosity and judgment to effectively
influence and challenge management to improve the control
environment and drive continuous improvements on audit
- Oversees a team of associates and provides day-to-day mentoring
and guidance and fosters an inclusive work environment
- Maintains business partner relationships, primarily with line
management, to develop business knowledge
- Exercises sound knowledge of product, business, and technical
expertise to effectively challenge management to improve the
control environmentRequired Skills:- Bachelor's Degree- Certified
Anti-Money Laundering Specialist (CAMS)- Minimum 5 years of audit
experience in areas related to BSA/AML, sanctions and fraud risk
management programs and regulations, banking regulations, local
standards, and internal policies.- Minimum 5 years of experience
conducting Bank Secrecy Act /Anti-Money Laundering audits, Risk
Management audits, Compliance audits or a combination.- Minimum 2
years of experience leading audits and performing in the role of
auditor-in-charge.- Analytical Thinking- Internal Audit Review-
Issue Management- Risk Management- Business Acumen- Coaching-
Project Management- Relationship Building- Written Communications-
Attention to Detail- Critical Thinking- Technical Documentation
Desired Skills:- Master's Degree in Auditing, Master's Degree in
Accounting, Master's Degree in Finance, or Master of Business
Administration- Certified Internal Auditor (CIA), Certified Public
Accountant (CPA), Certified Regulatory Compliance Manager (CRCM),
or Certified Fraud Examiner (CFE)Minimum Education Requirement:
Bachelor's DegreeShift:1st shift (United States of America)Hours
Per Week: 40
Keywords: Disability Solutions, Huntersville , Quality Assurance Manager - AML/GFC, Accounting, Auditing , Charlotte, North Carolina
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