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Risk Management Sr Specialist

Charlotte, North Carolina

Job Description:

The Banking coverage team is a vertical risk coverage team within Global Markets and Financial Risk (‘GMFR’), and is responsible for providing an independent perspective on the effective management of liquidity, capital and earnings risk within banking lines of business across the Company. GMFR is responsible for holistic liquidity, capital and interest rate risk management for the lines of business (including Corporate Treasury) to ensure they pursue strategic objectives within Bank of America’s stated risk appetite.

The candidate will be focused on independent oversight of the Retail Banking lines of business and will work closely with other GMFR functions, LOB Risk functions, business leaders, and the CFO group. GMFR operates with a matrix structure, organized as vertical LOB risk teams (such as the banking coverage team) and horizontal risk teams. This structure will provide the successful candidate with varied opportunities to work on initiatives that have broad enterprise impacts as well as tactical business significance. 

Activities include:
•    Review and challenge of Banking business liquidity, interest rate and capital risk exposures through both ad-hoc and routine engagement within Risk, CFO and the LOB teams (including Risk Identification, State of Risk Reviews, and resulting SIAI/RIAI administration)
•    Identify and report on retail banking trends, impacts, and insights related to liquidity and capital metrics including Liquidity Coverage Ratio (LCR), Risk Weighted Assets (B3S and B3A), Supplementary Leverage Ratio (SLR), and Net Stable Funding Ratio (NSFR) 
•    Provide guidance to retail banking strategic plans with a lens on liquidity, capital, and earnings risks
•    Identify, measure, monitor and control exposures within the Banking Businesses by supporting the design, calibration and management of a robust limit framework. 
•    Support the expansion of the group’s independent risk management capabilities, including increased collaboration between Banking LOB risk managers, Banking finance, Balance Sheet Management, Global Liquidity Management and Enterprise Capital Management
•    Validate qualitative models for use in internal stress testing of Banking liquidity risk exposures including deposits (both wholesale and consumer), loans and commitments
•    Identify, define, quantify and report on existing and emerging liquidity, strategic and market risks 
•    Support team’s stakeholder role in certain models used for IRR measurement, balance sheet forecasting and capital stress testing
•    Support scenario design and sensitivity analysis for use in stress testing and management analysis of emerging risks
•    Coordinate review and approval of new products within the Banking businesses, with a focus on liquidity, capital and interest rate risk characteristics
•    Support our role across multiple required governance routines through review and challenge of policy, data and technology changes

Required:
•    4-7 years of applicable/relatable experience
•    Strong understanding of financial statements and key drivers/ratios
•    Ability to interact and communicate with senior leaders and business partners across the enterprise
•    Ability to work in an environment where capabilities are evolving
•    Strong analytical and presentation skills
•    Inquisitive nature with a strong attention to detail
•    Excellent verbal and written communication skills
•    Anticipates future consequences and trends, articulately communicates vision

Desired:
•    Knowledge of traditional consumer banking products (deposits, loans, mortgages, credit card)
•    Experience in forecasting or stress testing and/or knowledge of general ledger dimensions (profit center, product, etc)
•    Experience with qualitative or quantitative models
•    Experience with interest rates and/or macroeconomics
•    Knowledge of enterprise risk framework, policies or procedures
•    Experience in working closely with multiple data/information providers and stakeholders across various departments
•    Experience with Tableau, ATLAS/LIBRA or Treasury Connect
•    CPA or CFA, or progress toward either

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

The Banking coverage team is a vertical risk coverage team within Global Markets and Financial Risk (‘GMFR’), and is responsible for providing an independent perspective on the effective management of liquidity, capital and earnings risk within banking lines of business across the Company. GMFR is responsible for holistic liquidity, capital and interest rate risk management for the lines of business (including Corporate Treasury) to ensure they pursue strategic objectives within Bank of America’s stated risk appetite.

The candidate will be focused on independent oversight of the Retail Banking lines of business and will work closely with other GMFR functions, LOB Risk functions, business leaders, and the CFO group. GMFR operates with a matrix structure, organized as vertical LOB risk teams (such as the banking coverage team) and horizontal risk teams. This structure will provide the successful candidate with varied opportunities to work on initiatives that have broad enterprise impacts as well as tactical business significance. 

Activities include:
•    Review and challenge of Banking business liquidity, interest rate and capital risk exposures through both ad-hoc and routine engagement within Risk, CFO and the LOB teams (including Risk Identification, State of Risk Reviews, and resulting SIAI/RIAI administration)
•    Identify and report on retail banking trends, impacts, and insights related to liquidity and capital metrics including Liquidity Coverage Ratio (LCR), Risk Weighted Assets (B3S and B3A), Supplementary Leverage Ratio (SLR), and Net Stable Funding Ratio (NSFR) 
•    Provide guidance to retail banking strategic plans with a lens on liquidity, capital, and earnings risks
•    Identify, measure, monitor and control exposures within the Banking Businesses by supporting the design, calibration and management of a robust limit framework. 
•    Support the expansion of the group’s independent risk management capabilities, including increased collaboration between Banking LOB risk managers, Banking finance, Balance Sheet Management, Global Liquidity Management and Enterprise Capital Management
•    Validate qualitative models for use in internal stress testing of Banking liquidity risk exposures including deposits (both wholesale and consumer), loans and commitments
•    Identify, define, quantify and report on existing and emerging liquidity, strategic and market risks 
•    Support team’s stakeholder role in certain models used for IRR measurement, balance sheet forecasting and capital stress testing
•    Support scenario design and sensitivity analysis for use in stress testing and management analysis of emerging risks
•    Coordinate review and approval of new products within the Banking businesses, with a focus on liquidity, capital and interest rate risk characteristics
•    Support our role across multiple required governance routines through review and challenge of policy, data and technology changes

Required:
•    4-7 years of applicable/relatable experience
•    Strong understanding of financial statements and key drivers/ratios
•    Ability to interact and communicate with senior leaders and business partners across the enterprise
•    Ability to work in an environment where capabilities are evolving
•    Strong analytical and presentation skills
•    Inquisitive nature with a strong attention to detail
•    Excellent verbal and written communication skills
•    Anticipates future consequences and trends, articulately communicates vision

Desired:
•    Knowledge of traditional consumer banking products (deposits, loans, mortgages, credit card)
•    Experience in forecasting or stress testing and/or knowledge of general ledger dimensions (profit center, product, etc)
•    Experience with qualitative or quantitative models
•    Experience with interest rates and/or macroeconomics
•    Knowledge of enterprise risk framework, policies or procedures
•    Experience in working closely with multiple data/information providers and stakeholders across various departments
•    Experience with Tableau, ATLAS/LIBRA or Treasury Connect
•    CPA or CFA, or progress toward either

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21081470

Band: H5

Manages People: No

Travel: Yes, 5% of the time

Manager:

Talent Acquisition Contact:

Caroline Papp

Referral Bonus:

0

Street Address

Primary Location:
100 N TRYON ST, NC, Charlotte, 28255