Risk Management Sr Specialist

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:
This job is responsible for assisting in providing risk oversight and advice to the Line of Business (LOB) on risk management issues. Key responsibilities include monitoring and adhering to risk management policies, limits, standards, controls, metrics and thresholds within the defined corporate standards, assisting in conducting execution of risk framework activities including independent monitoring and testing of controls and risk management processes for the LOB. Job expectations include the ability to recognize all risk categories including credit, market, operational, and compliance.

Responsibilities:

• Work with the Regulatory Issue Strategy & Integration Executive to support the management of the Regulatory Issues process in accordance with bank policies
• Support the execution of strategic enhancements to the Reg Issue Management process.  Including process documentations and training materials as needed
• Escalate risks and concerns to Reg Issue Strategy & Integration Executive and have an in depth understanding of the regulatory issue process
• Understand the roles and responsibilities within Regulatory Relations, Issue Owners, Regulatory Issues Steering Council, as appropriate, to ensure the ability to navigate current processes
• Maintain required documentation for regulator issues in the appropriate system of record and ensure information is accurate and entered timely
• Executing and support other activities to enhance and/or streamline the regulatory management process, and other tasks that may result thereof
• Ensures adherence to the policies and procedures established by the company
• Assists in conducting execution of risk framework activities including monitoring and testing of controls and risk management processes for the LOB

Required Skills:

• 5+ years of experience in business operations or support, risk management, issues management, regulatory support (or related experience), or a combination of each 
• High attention to detail and strong organizational skills 
• Self-starter with excellent problem solving and follow-up skills. 
• Ability to work well under pressure, adapt to unexpected events, prioritize and multi-task in a deadline-driven environment. 
•  Pro-actively understanding responsibilities and manage tasks independently. 

Desired Skills: 

• Proven ability to build and cultivate relationships both externally and internally across the organization. 
• Comfortable working with people at all organizational levels 
•  Knowledgeable of Bank of America’s business lines, operations, organizational structure, senior executives, etc
• Analytical Thinking
• Credit and Risk Assessment
• Critical Thinking
• Portfolio Analysis
• Decision Making
• Oral Communications
• Presentation Skills
• Technical Documentation
• Written Communications
• Active Listening
• Issue Management
• Liquidity Management
• Monitoring, Surveillance, and Testing
•  Regulatory Compliance

Shift:

Hours Per Week: