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 risk analyst 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.
Responsibilities :
Identifies and monitors market risk exposure and develops mitigation strategies and resolutions in accordance with the bank's risk appetite and risk limits identified, as well as regulatory requirements, as applicable
Manages risk requests, breach remediations and providing risk effective challenges for front line units
Sets managing risk parameters and guardrails for market risk, while ensuring adherence to risk appetite and limits, and actively designing risk scenarios to implement decisions
Develops market risk coverage plans, oversees execution of monitoring, testing and risk assessments, conducts analysis and develops market risk reporting for specific products and communicates changes to senior management
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
- 2-3 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.
Skills : Analytical Thinking
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
Shift :
1st shift (United States of America)
Hours Per Week :
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