Description
This job is responsible for the local and / or global management and direction of applicable market related risk management functions within a specific product area.
Key responsibilities include monitoring and adhering to market risk management policies, procedures, and standards, and implementing new / complex product approval processes, analysis of model risk, analysis and reporting of market risk, distributing the market risk reports, and interfacing with the trading desk and other risk and support groups (i.
e., Compliance, Finance, Operations, etc.).
Responsibilities :
- 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
Skills :
- 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
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 the firm’s investment activities.
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 the activities done to manage the firm’s overall Interest Rate Risk position including both fixed income security investments and derivative activity.
Through this role, the candidate will need to both evaluate expected impacts to our company’s overall Interest Rate Risk profile as well as potential risks to other key metrics including capital, liquidity, and credit risk.
- Background in Finance, Engineering or Computer Science
- 5-7 year’s experience working with Traded Products, preferably Agency and Non-Agency Securitized Products and Interest Rate Derivatives
- Familiarity with industry standard Interest Rate Risk measures such as Earnings at Risk (EaR) and Economic Value of Equity (EVE)
- 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.
- Background in Finance, Engineering or Computer Science
- 5-7 years experience working with Traded Products, preferably Agency and Non-Agency Securitized Products and Interest Rate Derivatives
- Familiarity with industry standard Interest Rate Risk measures such as Earnings at Risk (EaR) and Economic Value of Equity (EVE)
- 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
Shift :
1st shift (United States of America)
Hours Per Week :
Global Markets Risk Sr Manager
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. Key responsibilities include monitoring and adhe...
Consulting Manager - Operational Risk (Global Banks)
The Operational Risk Manager will collaborate with clients to assess, enhance, and optimize their operational risk management practices. RSM US LLP is seeking a highly skilled Operational Risk Manager with expertise in the banking and financial services industry to join our consulting team. We are t...
Global Financial Crimes (GFC) Compliance and Operational Risk Manager
Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively "the Policies"), the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented and ident...
Sr. Global Market Segment Manager
Market Segment Manager – Novel Excipients is responsible for the development and execution of novel polymers innovation and commercialization strategy for Lubrizol’s global pharma business to deliver successful market acceptance of novel excipient technologies in the global pharmaceutical markets. J...
Tax Sr Manager - Financial Svcs Industries - Global Information Reporting
Our Global Information Reporting Tax subject matter experts provide services to the largest financial institutions in the world, including numerous global banks, asset managers, hedge funds and insurance companies. Our spectrum of Global Information Reporting services range from FATCA, CRS, chapter ...
GCO Senior Risk Advisory Manager I - Investment Banking Coverage, Capital Markets Origination and Syndicate
Engage in risk management activities with the line of business, proactively identifying existing and emerging risks, evaluating the significance of the risks, and providing support in managing acceptance or mitigation of the identified risks. A first line of defense risk professional leading a team ...
Tax Sr Manager - Banking and Capital Markets Tax (East Region City Locations)
Are you a strategic and creative federal tax professional who likes solving complex federal tax issues across multiple jurisdictions and countries? Do phrases like “accounting for income taxes,” “tax advisory,” and “tax controversy” pique your interest? Do you enjoy providing federal tax compliance ...
Manager Process Risk and Controls (Global Financial Services)
In the Process Risk and Controls Practice we frequently work as or alongside a client’s internal audit function, the chief risk officer or risk function, Sarbanes-Oxley project team, and various other members of management tasked with managing risk. As a manager in RSM’s growing Process Risk and Con...
Capital Markets Middle Office Manager 2 - Operations Control Group
They are account for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following an adhering to applicable Company policies and procedures, appropriately fulfilling risk and compliance obligations, timely and ...
Sr. Global PR Manager
Manage global agency coordination across EMEA, Asia-Pacific, and Americas, maintaining consistent narratives while capitalizing on regional media opportunities. Public Relations, global experience required. ...