EFR Global Markets Risk Manager

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
 

Department Overview:

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 interest rate risks, including price risk in the CFO managed portfolios.  The team serves as the Chief Risk Officer (CRO) function covering the Chief Financial Officer (CFO) Group thereby providing a holistic point of view across all seven risk types for the Company’s CFO function.

The team helps Bank of America grow responsibly through developing our teammates, promoting an 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 a range of economic scenarios.

EFR Team / Division:  Interest Rate Risk and CFO Price Risk

The EFR Interest Rate Risk and CFO Price Risk team is responsible for oversight of the firm’s overall Interest Rate Risk framework, the management of Interest Rate Risk through the ALM securities portfolio, and any price risks created through hedging activities performed by the CFO organization. 

Role Summary:  

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 to be responsible for independent risk oversight of the price risks created through hedging activities performed by the CFO organization. Through this role, the candidate will need to develop a strong understanding of how the CFO organization within Bank of America manages the hedging strategies and the associated price risks they generate. Key responsibilities will include reviewing and challenging the daily activities in these portfolios, researching new and emerging risks to which this portfolio is exposed and supporting critical requirements to report these risks to senior executives and regulators.

Required Skills

• Incumbents typically have less than 5 years of experience in the financial industry, ideally with exposure to market risk concepts

• Ability to communicate effectively with senior stakeholders and independently lead initiatives

• Effective time management skills, with the ability to manage multiple high priority deliverables simultaneously

• Highly motivated individual who fully understands the demands of a market risk professional with ability to work in a fast-paced environment

• Intellectually curious with the ability to investigate and develop root cause analysis for issues and propose corresponding process or technology changes

Preferred Skills

• Background in Finance, Engineering, Math, Statistics or Computer Science

• Understanding of implications associated with security and derivative accounting elections

Shift:

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