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Enterprise Capital, Liquidity, and CRO for CFO Program Manager

Charlotte, North Carolina;

Job Description:

Department Overview:
Global Markets and Financial Risk (GMFR) seeks to deliver effective independent risk management of the activities and processes associated with managing the Company’s market, capital, liquidity, and earnings risks. This group also provides Chief Risk Officer coverage for the Global Markets business and the CFO Group. The team helps Bank of America grow responsibly through developing our teammates, promoting a diverse and inclusive culture and approaching our work with intellectual curiosity and dispassionate objectivity. GMFR delivers its mission through a steadfast commitment to its values: cultivating diversity of thought and valuing different perspectives and experiences; driving an inclusive culture that promotes learning, fosters relationships and creativity; and developing talent, advancing careers and creating leaders within Global Risk Management and across the company.

The Capital, Liquidity, and CRO for CFO Risk Program Team within GMFR is responsible for developing and maintaining enterprise risk programs for the Company’s liquidity and capital, as well as Chief Risk Officer coverage for the CFO Group that brings together a holistic point of view across all seven risk types. Our department’s aim is to support Bank of America’s purpose in making financial lives better through responsible growth, while maintaining healthy and sustainable liquidity and capital profiles through both business as usual and stressed environments. 

Role Summary:
The Capital, Liquidity Risk, and CRO for CFO Program Manager will operate within Bank of America’s Risk Framework, understand and drive all components of the end-to-end enterprise risk programs for capital and liquidity risk, establish oversight of key program documentation, and evolve integration of our risk programs. As a risk team with both horizontal and vertical risk coverage responsibilities, it is our role to ensure that all elements of the Policy, Program, and coverage model are implemented and operating effectively across coverage teams, as well as Lines of Business and Front Line Units. Examples of projects the candidate would be accountable for include: Drafting, reviewing, and obtaining governance approval for Liquidity Risk Policies, developing and monitoring adherence to requirements across multiple risk programs, overseeing risk committee and governance deliverables, risk reporting to inform senior management decision making, and independent risk assessments. The role requires a person with curiosity and a passion for inquiry, comfort with ambiguity, and an entrepreneurial/learning mindset. Self-motivated and flexible, the candidate will be adept at both creative and analytical thinking, and have the willingness to work in a function that is evolving and maturing. The position also requires the individual to build and maintain relationships across the enterprise, and work closely with other teams in Global Risk Management and the CFO Group.

Key responsibilities:
•    Establish, develop, and monitor risk program requirements, including policies and ensuring governance deliverables owned by the 2nd line of defense are met in a timely and effective manner
•    Develop and demonstrate acumen for the identification of various risks and mitigants
•    Ensure appropriate and adequate documentation is maintained for policy and program requirements 
•    Deliver effective review and challenge of front line owned processes
•    Monitor execution of board and committee reporting, within the established governance structure
•    Draft and edit executive and committee reporting on a regular basis in a variety of formats, including power point and MS Word
•    Keep abreast of emerging regulatory requirements and provide guidance on the impact of these regulations to the 2nd Line of Defense
•    Liaise with Audit, Compliance and other control functions
•    Prepare for, coordinate and conduct any regulatory reviews and responses of this function; ensure resolution of issues as identified 
•    Support corporate-wide liquidity and capital related initiatives
•    Ensure understanding of the business processes that may increase our risk, as well as the mitigants to that risk
•    Provide subject matter expertise related to liquidity and capital risk management process to vertical risk teams, Corporate Treasury and other partners across the enterprise, in order to drive the execution of the risk framework

Critical success measures:
•    Articulation of all program requirements and understanding of applicability for the 2nd Line of Defense
•    Execution of responsibilities of the independent review function, as it relates to core program requirements
•    Ensure that we are providing appropriate monitoring and analysis that allow us to support high quality risk insights
•    Deliver against the book of work for Enterprise Capital and Liquidity Risk Management Programs

Core Competencies:
•    Vision- Takes a long-term view and builds a shared vision with others; acts as a catalyst for organization change. Influences others to translate vision into action
•    Communication- Can articulately paint credible pictures & visions of possibilities and likelihoods
•    Resilience- Deals effectively with pressure; remains optimistic and persistent, even under adversity. Recovers quickly from setbacks. On occasion required to take an unpopular stand
•    Collaboration- Develops networks and builds alliances; collaborates across boundaries to build Capital relationships and achieve common goals. Influencing and negotiating across external stakeholders (regulators) as well as internal groups including LOB Risk teams, Corporate Treasury, GRRP, Audit & Compliance to drive execution
•    Interpersonal Skills- Treats others with courtesy, sensitivity, and respect. Considers and responds appropriately to the needs and feelings of different people in different situations
•    Leveraging Diversity- Fosters an inclusive workplace where diversity and individual differences are valued and leveraged to achieve the vision and mission of the organization. Exposure and involvement with Employee Engagement initiatives including supporting Diversity & Inclusion efforts

Key Requirements:
•    Strong analytical skills, including excellent writing, proofreading, and presentation (power point) skills; analysis of written reports and documentation with great attention to detail
•    Writes in a clear, concise, organized, and convincing manner for the intended audience
•    Takes Initiative; ability to work through a large volume of ongoing deliverables, manage projects, and pivot between tactical and strategic tasks
•    Interaction with Senior Management regarding risk program requirements, deliverables, and key issues
•    5-8 years of Risk Management or other experience in the Banking industry; Note that diverse backgrounds or experiences are welcomed and will be considered
•    Strong business-centric mindset with ability to utilize sound business judgment and tailor approach to drive optimal business outcomes

Job Band:

H4

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Department Overview:
Global Markets and Financial Risk (GMFR) seeks to deliver effective independent risk management of the activities and processes associated with managing the Company’s market, capital, liquidity, and earnings risks. This group also provides Chief Risk Officer coverage for the Global Markets business and the CFO Group. The team helps Bank of America grow responsibly through developing our teammates, promoting a diverse and inclusive culture and approaching our work with intellectual curiosity and dispassionate objectivity. GMFR delivers its mission through a steadfast commitment to its values: cultivating diversity of thought and valuing different perspectives and experiences; driving an inclusive culture that promotes learning, fosters relationships and creativity; and developing talent, advancing careers and creating leaders within Global Risk Management and across the company.

The Capital, Liquidity, and CRO for CFO Risk Program Team within GMFR is responsible for developing and maintaining enterprise risk programs for the Company’s liquidity and capital, as well as Chief Risk Officer coverage for the CFO Group that brings together a holistic point of view across all seven risk types. Our department’s aim is to support Bank of America’s purpose in making financial lives better through responsible growth, while maintaining healthy and sustainable liquidity and capital profiles through both business as usual and stressed environments. 

Role Summary:
The Capital, Liquidity Risk, and CRO for CFO Program Manager will operate within Bank of America’s Risk Framework, understand and drive all components of the end-to-end enterprise risk programs for capital and liquidity risk, establish oversight of key program documentation, and evolve integration of our risk programs. As a risk team with both horizontal and vertical risk coverage responsibilities, it is our role to ensure that all elements of the Policy, Program, and coverage model are implemented and operating effectively across coverage teams, as well as Lines of Business and Front Line Units. Examples of projects the candidate would be accountable for include: Drafting, reviewing, and obtaining governance approval for Liquidity Risk Policies, developing and monitoring adherence to requirements across multiple risk programs, overseeing risk committee and governance deliverables, risk reporting to inform senior management decision making, and independent risk assessments. The role requires a person with curiosity and a passion for inquiry, comfort with ambiguity, and an entrepreneurial/learning mindset. Self-motivated and flexible, the candidate will be adept at both creative and analytical thinking, and have the willingness to work in a function that is evolving and maturing. The position also requires the individual to build and maintain relationships across the enterprise, and work closely with other teams in Global Risk Management and the CFO Group.

Key responsibilities:
•    Establish, develop, and monitor risk program requirements, including policies and ensuring governance deliverables owned by the 2nd line of defense are met in a timely and effective manner
•    Develop and demonstrate acumen for the identification of various risks and mitigants
•    Ensure appropriate and adequate documentation is maintained for policy and program requirements 
•    Deliver effective review and challenge of front line owned processes
•    Monitor execution of board and committee reporting, within the established governance structure
•    Draft and edit executive and committee reporting on a regular basis in a variety of formats, including power point and MS Word
•    Keep abreast of emerging regulatory requirements and provide guidance on the impact of these regulations to the 2nd Line of Defense
•    Liaise with Audit, Compliance and other control functions
•    Prepare for, coordinate and conduct any regulatory reviews and responses of this function; ensure resolution of issues as identified 
•    Support corporate-wide liquidity and capital related initiatives
•    Ensure understanding of the business processes that may increase our risk, as well as the mitigants to that risk
•    Provide subject matter expertise related to liquidity and capital risk management process to vertical risk teams, Corporate Treasury and other partners across the enterprise, in order to drive the execution of the risk framework

Critical success measures:
•    Articulation of all program requirements and understanding of applicability for the 2nd Line of Defense
•    Execution of responsibilities of the independent review function, as it relates to core program requirements
•    Ensure that we are providing appropriate monitoring and analysis that allow us to support high quality risk insights
•    Deliver against the book of work for Enterprise Capital and Liquidity Risk Management Programs

Core Competencies:
•    Vision- Takes a long-term view and builds a shared vision with others; acts as a catalyst for organization change. Influences others to translate vision into action
•    Communication- Can articulately paint credible pictures & visions of possibilities and likelihoods
•    Resilience- Deals effectively with pressure; remains optimistic and persistent, even under adversity. Recovers quickly from setbacks. On occasion required to take an unpopular stand
•    Collaboration- Develops networks and builds alliances; collaborates across boundaries to build Capital relationships and achieve common goals. Influencing and negotiating across external stakeholders (regulators) as well as internal groups including LOB Risk teams, Corporate Treasury, GRRP, Audit & Compliance to drive execution
•    Interpersonal Skills- Treats others with courtesy, sensitivity, and respect. Considers and responds appropriately to the needs and feelings of different people in different situations
•    Leveraging Diversity- Fosters an inclusive workplace where diversity and individual differences are valued and leveraged to achieve the vision and mission of the organization. Exposure and involvement with Employee Engagement initiatives including supporting Diversity & Inclusion efforts

Key Requirements:
•    Strong analytical skills, including excellent writing, proofreading, and presentation (power point) skills; analysis of written reports and documentation with great attention to detail
•    Writes in a clear, concise, organized, and convincing manner for the intended audience
•    Takes Initiative; ability to work through a large volume of ongoing deliverables, manage projects, and pivot between tactical and strategic tasks
•    Interaction with Senior Management regarding risk program requirements, deliverables, and key issues
•    5-8 years of Risk Management or other experience in the Banking industry; Note that diverse backgrounds or experiences are welcomed and will be considered
•    Strong business-centric mindset with ability to utilize sound business judgment and tailor approach to drive optimal business outcomes

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21078082

Band: H4

Manages People: No

Travel: Yes, 5% of the time

Manager:

Talent Acquisition Contact:

Caroline Papp

Referral Bonus:

0