Audit Manager - Counterparty Credit Risk

Welcome to Bank of America, where we are dedicated to providing exceptional financial services to our clients. We are currently seeking a highly skilled Audit Manager with expertise in Counterparty Credit Risk to join our dynamic team. As an Audit Manager, you will play a critical role in identifying and assessing risks related to our counterparty credit exposures, ensuring compliance with regulatory requirements and internal policies. This is an exciting opportunity for a driven individual with a strong background in auditing and risk management. If you possess excellent analytical skills, attention to detail, and a passion for mitigating risk, we encourage you to apply for this position.

1. Conduct thorough audits of counterparty credit risk to identify potential risks and ensure compliance with regulatory requirements and internal policies.
2. Develop and maintain a deep understanding of the organization's counterparty credit risk exposures and associated processes.
3. Evaluate the effectiveness of risk management controls and provide recommendations for improvement.
4. Collaborate with cross-functional teams to identify and implement solutions to mitigate identified risks.
5. Prepare comprehensive audit reports and communicate findings and recommendations to senior management.
6. Monitor industry trends and best practices in counterparty credit risk management to continuously improve audit procedures.
7. Act as a subject matter expert on counterparty credit risk during internal and external audits.
8. Train and mentor junior audit staff on counterparty credit risk assessment and mitigation techniques.
9. Build and maintain strong relationships with key stakeholders to facilitate effective risk management.
10. Contribute to the development and implementation of risk management policies and procedures.
11. Conduct special projects and ad-hoc analysis related to counterparty credit risk as needed.
12. Stay up-to-date on relevant laws, regulations, and industry standards related to counterparty credit risk management.
13. Continuously assess and improve the organization's risk management processes to ensure they are in line with industry best practices.
14. Represent the organization in meetings and forums related to counterparty credit risk management.
15. Collaborate with external auditors and regulatory agencies as needed.
16. Uphold the organization's values and ethical standards in all aspects of work.

According to JobzMall, the average salary range for a Audit Manager - Counterparty Credit Risk in New York, NY, USA is $130,000 - $150,000. This salary range can vary depending on factors such as the specific company, years of experience, and education level of the individual. Additionally, bonuses, benefits, and other forms of compensation may also impact the overall salary range. It is important to keep in mind that salaries can also vary significantly based on location, so it is best to research the specific job market in New York, NY for a more accurate salary estimate.

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and Legacy Assets and Servicing. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses.