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Global Markets Risk 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:

The Interest Rate Risk and CFO Price Risk team under the Enterprise Financial Risk group within Global Risk Management is looking for a risk analyst 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 interest rate risk measurement processes through our internal Earnings at Risk (EaR)/Net Interest Income (NII) and 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 earnings and 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 Interest Rate Risk calculation framework.

Required Qualifications:

  • Background in Finance, Engineering or Computer Science

  • 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

  • Data and Trend Analysis

  • Decision Making

  • Oral Communications

  • Presentation Skills

  • Written Communications

  • Active Listening

  • Issue Management

  • Monitoring, Surveillance, and Testing

  • Regulatory Compliance

  • Technical Documentation


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:

$110,000 - $157,800 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.