CA NeWs Beta*: Vacancy for CA in Bank of America

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Wednesday, April 25, 2012

Vacancy for CA in Bank of America

Vice President, Senior Audit Consultant, Corporate Audit : MUM02121


Mumbai, India 

Overview

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,700 ATMs and award-winning online banking with nearly 29 million active users. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.



Responsibilities
Plan and execute a risk based audit strategy and Audit plan for complex Global Markets products.
·          Independently execute assigned audit activities in complex products (e.g. Derivatives)
·          Responsible for Audit issue management overall
·          SOX engagement– concurrent reviews and hands on engagement 
·          Utilize sound, seasoned analytical skills with product, business, and technical expertise to execute assigned responsibilities in an impactful manner
·          Real time Audit and Business engagement with ability to influence management on Audit Issues, Audit Ratings and Sufficiency of correctives actions by exercising strong judgment, critical thinking and previous experience
·          Identify control trends, regulatory themes and emerging risks in assigned business areas and their impact on the business and to the Bank overall by applying business acumen and experience
·          Assisting in the development and management of the annual audit plan including coordination with other regional and global teams/ team leaders.
·          Contributing to and participating in various key control related functions and forums including regular control and new product committees.
·          Development and management of key client relationships (business and governance & control functions)
·          Staff and talent development and training
·          Interaction with regulators during inspections

Requirements
 
·          Chartered Accountant or Equivalent with 10+ years of relevant work experience, majority of this gained while working in an audit environment, either within an internal audit function in banking/ finance or in an accounting firm Big 4, or in a compatible risk control function.
·          Strong knowledge of Global Market Sales and Trading products gained in a large and recognized comparable Global Financial Services institution. 
·          Ability to constructively and effectively engage trading, risk, compliance, finance and operations personnel (including senior management in these functions)
·          Good understanding of trading risk, trade processing, settlement, valuation and accounting
·          Excellent communication skills (verbal and written)
·          Show willingness to become a credible Subject Matter Expert in an aspect of Global Markets Activity: Equity/Rates & Currency, Market/Credit Risk. 
·          Good understanding of Rules and Regulations and experience of dealing with regulators will be advantageous 

Click here to apply
 
 

 















Location: Mumbai, India
Job Family: Risk Evaluation

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