Back to search results

Global Markets Risk Sr Manager

Charlotte, North Carolina;

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description:

Enterprise Financial Risk (EFR) seeks to deliver effective independent risk management of the activities and processes associated with managing the Company’s capital, liquidity and earnings risks, including the market/price risk in the CFO managed securities portfolio.  As the Chief Risk Officer (CRO) function covering the Chief Financial Officer (CFO) Group, we also bring together a holistic point of view across all seven risk types for the Company’s CFO.

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. EFR delivers its mission through a steadfast commitment to its values: cultivating diversity of thought and valuing different perspectives and experiences; promoting learning, fostering relationships and creativity; developing talent, advancing careers, and creating leaders within Global Risk Management and across the company.  Our goal is to ensure that a healthy and sustainable liquidity, capital and interest rate risk (IRR) profile is maintained through baseline economic scenarios, as well as during times of market and idiosyncratic stress.

The Interest Rate Risk and CFO Price Risk team under the Enterprise Financial Risk group within Global Risk Management is looking for a senior risk lead responsible for independent risk oversight of the firm’s Interest Rate Risk measurement processes. The Interest Rate Risk and CFO Price Risk team is responsible for oversight of the measurement and management of Interest Rate Risk (IRR) for the company as well as Market Risk oversight for hedging activities managed within the CFO Organization. This role will primarily focus on oversight of the company’s long term interest rate risk measurement processes through our internal Economic Value of Equity (EVE) calculations. Through this role, the candidate will need to develop a strong understanding of how interest rates will impact the long-term cash flows associated with all positions on the company’s balance sheet including both LOB generated positions (e.g. deposits and loans) as well as securities and derivatives used by the CFO organization to manage our firm’s Interest Rate Risk. Key responsibilities will include reviewing and challenging all critical models and assumptions within the firm’s Economic Value of Equity calculation framework.


  • Provides oversight of identification of market risk exposures and mitigation strategies and resolutions in accordance with the bank's risk appetite and risk limits identified, as well as regulatory requirements, as applicable

  • Provides oversight of risk requests, breach remediations and providing risk effective challenges for front line units

  • Oversees development of market risk coverage plans, execution of monitoring, testing and risk assessments, and market risk reporting for specific products

  • Liaisons with businesses to understand market trends and impacts on portfolio, using knowledge of stress testing and its applicability to market risk

  • Ensures adherence to the policies and procedures established by the company

Required Qualifications:

•    Background in Finance, Engineering or Computer Science
•    Strong familiarity with industry standard Interest Rate Risk measures such as Earnings at Risk (EaR) and Economic Value of Equity (EVE)
•    Experience with duration modeling approaches for banking products such as loans and deposits as well as traded products such as mortgage backed securities
•    Understanding of implications associated with security and derivative accounting elections
•    Experience with Bloomberg, Python and SQL is a plus
•    Ability to communicate effectively with senior stakeholders and independently lead initiatives


  • Analytical Thinking

  • Critical Thinking

  • Portfolio Analysis

  • Risk Analytics

  • Collaboration

  • Decision Making

  • Oral Communications

  • Presentation Skills

  • Written Communications

  • Issue Management

  • Monitoring, Surveillance, and Testing

  • Regulatory Compliance

  • Technical Documentation

  • Trading Strategy


1st shift (United States of America)

Hours Per Week: 


Learn more about this role

Full time


Manages People: No

Travel: Yes, 5% of the time

New York pay and benefits information

New York pay range:

$138,000 - $215,500 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.


This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.