Audit Manager - Counterparty Credit Risk

We are seeking a driven and experienced Audit Manager to join our team at Bank of America. In this role, you will be responsible for managing and executing audits related to counterparty credit risk, ensuring compliance with internal policies, procedures, and regulatory requirements. As a key member of our team, you will play a critical role in identifying, assessing, and mitigating potential risks for the organization, while also providing valuable insights and recommendations to senior management. The ideal candidate will have a strong background in risk management, excellent communication skills, and a proven ability to lead and develop a team. If you are ready to take on a challenging and rewarding role in a dynamic and fast-paced environment, we encourage you to apply for this opportunity.

1. Develop and implement audit plans and procedures for counterparty credit risk in accordance with internal and regulatory requirements.
2. Lead and manage a team of auditors to ensure timely and accurate completion of audits.
3. Identify, assess, and prioritize potential risks related to counterparty credit risk.
4. Evaluate the adequacy and effectiveness of internal controls and make recommendations for improvements.
5. Monitor and report on the status of audit findings and recommendations to senior management.
6. Collaborate with various departments and stakeholders to ensure audit findings are addressed and resolved in a timely manner.
7. Keep up-to-date with industry regulations and best practices related to counterparty credit risk and incorporate them into audit processes.
8. Provide guidance and training to team members on audit methodologies and best practices.
9. Prepare and present audit reports and findings to senior management and other relevant parties.
10. Develop and maintain relationships with key stakeholders to facilitate effective communication and collaboration.
11. Conduct special investigations and ad-hoc projects as needed.
12. Continuously review and improve audit processes and procedures to enhance efficiency and effectiveness.
13. Mentor and develop team members to promote growth and career advancement.
14. Ensure compliance with all internal policies, procedures, and standards.
15. Represent the organization in a professional manner and act as a role model for ethical behavior.

According to JobzMall, the average salary range for a Audit Manager - Counterparty Credit Risk in Boston, MA, USA is $130,000 - $170,000 per year. This can vary depending on factors such as experience, education, and the specific company or organization the individual is working for.

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.