Audit Manager Traded Products-GAAP​/IFRS

Audit Manager - (Traded Products-GAAP/IFRS)

Charlotte, North Carolina

** To proceed with your application, you must be at least 18 years of age.*
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** Bank of America employees are required to meet all*
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** To proceed with your application, you must be at least 18 years of age.*
* Acknowledge (
-1)

** Bank of America employees are required to meet all*
* ** posting eligibility requirements*
* ** prior to applying for any new position.*
* Acknowledge (
-1)

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* Job Description:

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* 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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

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* Job Description:

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* 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.

In addition, this role is expected to act as a subject matter expert (SME) on accounting matters, with a strong focus on the US GAAP accounting treatment of banking and traded products. Job expectations include evaluating and opining on the appropriateness of accounting treatment under US GAAP, and articulating key differences between US GAAP, IFRS, and other relevant accounting frameworks as they relate to banking activities and traded products.

This expertise supports audit risk assessments, issue evaluation, and effective challenge of management judgments.

The role also includes fostering an inclusive work environment and mentoring team members to support professional development and audit quality.

** Responsibilities:*
* + 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 environment

+ Serve as a subject matter expert (SME) on accounting matters, with a strong focus on the US GAAP accounting treatment of banking and traded products

+ Evaluate and opine on the appropriateness of accounting treatment under US GAAP, including management interpretations, estimates, and adjustments impacting financial results. Provide expert challenge and insight on differences between US GAAP, IFRS, and other relevant accounting…