Bank of America provides a diverse range of banking and nonbanking financial services and products domestically and internationally in more than 35 countries through eight major Lines of Business: Global Banking and Markets, Global Commercial Banking, Business Banking, Global Corporate and Investment Banking, Preferred and Small Business Banking, US Trust, Merrill Lynch Wealth Management, and Retail Banking and Distribution. As a result, the Company inherently encounters a wide range of risks. Corporate Audit is responsible for providing an independent assessment of whether controlling processes within Bank of America are adequately designed and functioning effectively to mitigate potential risks.
Corporate Audit maintains independence and objectivity by reporting to the Audit Committee of the Board of Directors. Corporate Audit teammates cover all areas of the corporation, performing validation of the company’s risk management activities through testing of key processes and controls across the company.
Management and the Audit Committee are provided with regular reporting of Bank of America’s risk management systems and internal controls. Additionally, Corporate Audit provides risk-based advice and counsel to management to help develop and maintain an appropriate customer-focused risk management culture that supports the Corporation's business objectives.
Corporate Audit maintains robust processes for reviewing risk and controls throughout the Corporation. The audit plan for the company is developed based upon the risk profile of the Company and reviewed on a quarterly basis. The audit planning process includes considerations around strategic, market, credit, liquidity, compliance and operational risk.
Auditors are charged with understanding business processes, performing risk assessments and testing to evaluate the related controls. This provides the opportunity for each auditor to closely work with and influence each business regarding their control infrastructure.
Corporate Audit seeks applicants who have a desire to adapt and learn the multiple businesses within Bank of America. As an intern, you will work on an audit team and learn the processes of Bank of America. The internship will last approximately 10 – 12 weeks, working a 40 hour work week.
Must be pursuing a bachelor’s degree or master’s degree from an accredited college or university with a graduation timeframe between December 2021 and June 2022 in one of the following majors: Accounting, Finance, Information Technology or General Business
Grade Point Average of at least 3.0 on a 4 point scale
Strong communication skills (both written and verbal)
Demonstrated ability to adapt to change, be flexible, and open minded
Demonstrated ability to be able to be decisive and committed to accomplishing tasks
A minimum of 3 months of work experience
Must have the ability to travel up to 25% of the time
Legal authorization to work in the US now and in the future without sponsorship
Interns undergo a multi-phase training and development process including web based training, team coaches, and peer coaches. Teammates in this program will build a valuable network with other interns in Audit and throughout Bank of America as part of the Global Campus program.
About Bank of America
By delivering capabilities through eight lines of business, we provide a unique advantage to each customer and client: the powerful expertise of one team, working together to deliver on our purpose to help make financial lives better through our focus on responsible growth.
Employees in banking, markets and finance roles work directly with individual clients across the U.S., as well as companies and institutional clients globally. This includes our Consumer & Small Business, Wealth Management and Global Banking & Markets lines of business.
Employees in our business support functions work on specialist teams to ensure the strategic, efficient and successful operations of our organization’s day-to-day business. Our administrative, finance, audit, human resources, risk and legal functions make up this team.
Employees in technology and operations help provide the infrastructure, technology platforms and information security capabilities crucial to our ability to serve our clients.