Market Risk Auditor

Market Risk Audit Specialist

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!

Market Risk Audit is a global team of subject matter experts in traded market risk and valuation within Corporate Audit. We are looking for someone with a risk-based audit skillset and traded market risk & valuation subject matter expertise to perform audit work (design & execute test programs; develop & communicate evidenced-based conclusions on the effectiveness of business process controls; validate issues; manage stakeholder relationships) with a specific focus on the Market Risk and Global Markets areas as part of the global Market Risk Audit team. The successful candidate will be expected to work closely with team members across the globe and engage with key partners in the Corporate Audit organization, including the Global Markets Audit, Model Risk Audit and Technology Audit teams. Existing members are drawn from wide range of quantitative backgrounds, and the team comprises former traders, market risk managers, front office and finance quants, and regulators. The team leads many high-profile audits comprising both regulatory-required and functional work, with continual senior management and regulatory focus. The role will provide the successful candidate exposure both within Audit and more widely in the firm.

Responsibilities for this role include :

• Assessing the control environment effectiveness of market risk measurement and valuation processes within Global Markets Risk and Global Markets, providing independent challenge to existing approaches as needed.
• Working flexibly as part of the global team on audit projects as required, including providing subject matter expert support to other teams within Corporate Audit.
• Performing thorough technical analyses and summarizing results in concise and impactful report conclusions for distribution and presentation to senior management and bank regulators.
• Proposing and executing test programs as part of day-to-day audit work.
• Developing and managing independent relationships with stakeholders across first and second lines.
• Maintaining timely and relevant knowledge and awareness of business, industry, and regulatory trends, best practices, and standards.
• Close work with a support development team to enhance and automate testing by leveraging new technologies and artificial intelligence.

Minimum Education Requirement : Master's degree in related field or equivalent work experience

Required Qualifications :

Desired Qualifications :

Shift : 1st shift (United States of America)

Hours Per Week : 40

Pay range $158,000.00 - $207,700.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and / or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.