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Senior Auditor II - Counterparty Credit Risk : 1200005753 Job Details

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Employer:  Bank of America
Job Ref No:  1200005753
Job Title:  Senior Auditor II - Counterparty Credit Risk : 1200005753
Sector:  Asset Management
Risk Type:  Credit
Expertise:  Other
Independently executes assigned audit activities and supervises audit team. Responsible for multiple projects simultaneously. Utilizes sound, seasoned analytical skills and possesses product, business, and technical expertise to execute assigned responsibilities. Coordinates, schedules, scopes and leads team activities on audits (incl. large, cross-functional). Leads analysis of control deficiencies as well as expansion and refinement of documentation for more complex control deficiencies to drive actionable business impact, influences management on sufficiency of correctives actions, recommends audit rating. Implements risk based audit strategy. Exercises judgment and critical thinking to influence business partners. Identifies control trends in assigned business areas as well as impact to the business and to the Bank overall by applying deep and broad business acumen. Coaches/trains team in execution of the audit.

• Executes counterparty credit risk audit assignments working with business functions such as risk analytics, risk management and risk middle office on a daily basis.

• Challenges and questions the business functions on matters relating to counterparty credit risk.

• Consults with senior management in evaluating current methods and developing strategies to implement changes and improvements.

Strong candidates will have:

• Experience with counterparty credit risk management in dealing with lending, derivative and funding products.

• Strong derivative product knowledge.

• Strong understanding on control frameworks and current regulatory issues.

General Description:

• Independently executes assigned audit activities and supervises audit team.

• Responsible for multiple projects simultaneously.

• Utilizes sound, seasoned analytical skills and possesses product, business, and technical expertise to execute assigned responsibilities.

• Coordinates, schedules, scopes and leads team activities on audits (incl. large, cross-functional).

• Leads analysis of control deficiencies as well as expansion and refinement of documentation for more complex control deficiencies to drive actionable business impact, influences management on sufficiency of correctives actions, recommends audit rating.

• Implements risk based audit strategy.

• Exercises judgment and critical thinking to influence business partners. Identifies control trends in assigned business areas as well as impact to the business and to the Bank overall by applying deep and broad business acumen.

• Coaches/trains team in execution of the audit.

Qualifications



Required Skills:

• Bachelor's Degree

• Strong project management skills

• Strong technical skills

• Strong risk assessment skills

• Ability to communicate crisply and clearly

• Proven ability to meet deadlines

• Ability to work independently, draw meaningful conclusions and develop recommendations

• Commitment to Quality and Control

• Audit experience
• Previous financial services experience

Desired Skills:

• Advanced degree, MBA, CFA, FRM, PRM

• Risk management background
• Experience with and indepth knowledge of Counterparty Credit Risk processes and products highly desired

Region/Country:  Americas, United States
States/Counties:  North Carolina
City:  NEW YORK
Address: 
02/09/2012

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