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Risk Management Manager

Company: Bank of America
Location: Charlotte
Posted on: September 23, 2022

Job Description:

Job Description:Enterprise Role Overview:Global Markets and Financial Risk (GMFR) seeks to deliver effective independent risk management of the activities and processes associated with managing the Company's market, capital, liquidity and earnings risks. Assists in providing risk oversight, advice and counsel to the line of business (LOB). Establish risk management policies, limits, standards, controls, metrics and thresholds within the defined corporate standards. Demonstrates ability to recognize all risk categories including credit, market, operational and compliance and bringing appropriate risk expertise as needed. Assists in conducting execution of risk framework activities including, but not limited to, independent monitoring and testing of controls and risk management processes for the LOB. Assists in establishing and overseeing the risk management governance structure for the LOB.Role Summary:The Liquidity Risk Manager will be responsible for coverage of our Liquidity and Capital Data & Technology program, and Liquidity Regulatory Reporting. The role will be required to demonstrate an understanding the fundamentals of an effective stress testing program and ensure BAC's process helps us appropriately manage risk. As a Risk horizontal team, it is our role to ensure that all elements of the Liquidity Risk Policy related to stress testing operate effectively across horizontal and vertical coverage teams, as well as lines of business, Front Line Units and Control Functions. The position will also be responsible for the identification of opportunities to advance risk management capabilities by leading strategic vision and implementation of technology infrastructure. Leading CFO Risk data and system efforts and prioritization with our partners, Treasury Data Management (TDM), and Treasury Business Technology (TBT). Job Responsibilities:--- Lead multiple complex projects and/or change initiatives for Liquidity and Capital and other risk types--- Drive initiatives across liquidity and capital risk by coordinating enhancements to models, data, technology solutions, and business processes, and provide regular updates to senior stakeholders--- Engage with technology and data partners to correct issues, enhance functionality, and manage through upstream technology change--- Coordinate weekly and monthly updates on emerging liquidity developments for senior stakeholders, and evaluate opportunities for continuous improvements of liquidity reporting and analytics--- Collaborate with Treasury to execute projects focused on evolving liquidity stress testing processes, governance and control--- Execute and develop robust change control process pertaining to liquidity risk reporting and analytics--- Identify and execute opportunities that further integrate liquidity and capital processes--- Develop and demonstrate acumen for the identification of liquidity risks and understanding of appropriate risk coverage--- Produce analysis and monitor trends on key risk measures--- Fielding ad-hoc questions on the report from regulators, internal senior risk leaders, and audit partners--- Developing new materials or analyses as neededRequired Skills:--- 7+ years of Treasury, Markets Risk, Finance / Accounting or Risk Management experience.--- Solid understanding of Treasury / liquidity concepts and liquidity regulations--- Proven ability to analyze complex concepts, connect to big picture, and recommend appropriate actions--- Strong project management and organization skills with ability to coordinate partners across multiple organizations to deliver well-controlled, sustainable processes--- Experience with engineering complex, multifaceted processes that span across teams; Able to document process steps, inputs, outputs, requirements, identify gaps and improve workflow--- Proven ability to influence executive stakeholders and regulatory partners to achieve desired outcome--- Strong analytical mindset and effective problem-solving skills--- Attention to detail and ability to work with minimal supervision--- Experience with data analytics and visualisation tools (e.g., Alteryx, Tableau, Shiny)--- Strong personal drive, individual initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility--- Demonstrates commitment to excellence by anticipating needs, mitigating risks and minimizing potential problems--- Ability to multi-task with excellent time management skills, manage projects and pivot between tactical and strategic tasksShift:1st shift (United States of America)Hours Per Week:40

Keywords: Bank of America, Charlotte , Risk Management Manager, Executive , Charlotte, North Carolina

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