Capital and Liquidity Risk Manager

Capital and Liquidity Risk ManagerCharlotte, North Carolina;Chicago, IllinoisJob Description:Department 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. This group also provides Chief Risk Officer coverage for the Global Markets business and the CFO Group. 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 and dispassionate objectivity. GMFR delivers its mission through a steadfast commitment to its values: cultivating diversity of thought and valuing different perspectives and experiences; driving an inclusive culture that promotes learning, fosters relationships and creativity; and developing talent, advancing careers and creating leaders within Global Risk Management and across the companyThe Enterprise Capital and Liquidity Risk Program Team within GMFR is responsible for developing and maintaining enterprise risk programs for the Company’s liquidity and capital, as well as Chief Risk Officer coverage for the CFO Group that brings together a holistic point of view across all seven risk types. Our department’s aim is to support Bank of America’s purpose in making financial lives better through responsible growth, while maintaining healthy and sustainable liquidity and capital profiles through both business as usual and stressed environments.Role Summary:Operating within Bank of America’s Risk Framework, understand and drive all components of the end-to-end enterprise risk programs for capital and liquidity risk. As a horizontal risk team, it is our role to ensure that all elements of the Policy, Program, and coverage model are implemented and operating effectively across horizontal and vertical coverage teams, as well as Lines of Business and Front Line Units. Examples of projects the candidate would be accountable for include: monitoring adherence to 2nd LOD risk program requirements, risk reporting to inform senior management decision making, independent risk assessments of FLU owned processes, governance and risk committee deliverables, development of training and onboarding materials, monitoring of rules and regulations that apply to the 2nd LOD, oversight of model risk management validation activities, issues management and reporting, and coordination with internal audit, compliance, and external regulatory supervisors. The right candidate will also have the opportunity to participate in ad hoc projects to support broader risk management objectives, such as climate risk and stress testing related to liquidity and capital. The role requires a person with curiosity and a passion for inquiry, comfort with ambiguity, and an entrepreneurial/learning mindset. Self-motivated and flexible, the candidate will be adept at both creative and analytical thinking and have the willingness to work in a function that is evolving and maturing. The position also requires the individual to build and maintain relationships across the enterprise and work closely with other teams in Global Risk Management and the CFO Group.Key responsibilities: Establish, develop, and monitor risk program requirements, including policies and ensuring governance deliverables owned by the 2nd line of defense are met in a timely and effective manner Develop and demonstrate acumen for the identification of various risks and mitigants Ensure appropriate and adequate documentation is maintained for policy and program requirements Deliver effective review and challenge of front line owned processes Monitor execution of board and committee reporting, within the established governance structure Draft and edit executive and committee reporting on a regular basis in a variety of formats, including power point and MS Word Keep abreast of emerging regulatory requirements and provide guidance on the impact of these regulations to the 2nd Line of Defense Liaise with Audit, Compliance and other control functions Prepare for, coordinate and conduct any regulatory reviews and responses of this function; ensure resolution of issues as identified Support corporate-wide liquidity and capital related initiatives Ensure understanding of the business processes that may increase our risk, as well as the mitigants to that risk Provide subject matter expertise related to liquidity and capital risk management process to vertical risk teams, Corporate Treasury and other partners across the enterprise, in order to drive the execution of the risk frameworkCritical success measures: Articulation of all risk program requirements and understanding of applicability for the 2nd Line of Defense Execution of responsibilities of the independent review function, as it relates to core program requirements Ensure that we are providing appropriate monitoring and analysis that allow us to support high quality risk insights Deliver against the book of work for Enterprise Capital and Liquidity Risk Management ProgramsCore Competencies: Vision- Takes a long-term view and builds a shared vision with others; acts as a catalyst for organization change. Influences others to translate vision into action Communication- Can articulately paint credible pictures & visions of possibilities and likelihoods Resilience- Deals effectively with pressure; remains optimistic and persistent, even under adversity. Recovers quickly from setbacks. On occasion required to take an unpopular stand Collaboration- Develops networks and builds alliances; collaborates across boundaries to build relationships and achieve common goals. Influencing and negotiating across external stakeholders (regulators) as well as internal groups including LOB Risk teams, Corporate Treasury, GRRP, Audit & Compliance to drive execution Interpersonal Skills- Treats others with courtesy, sensitivity, and respect. Considers and responds appropriately to the needs and feelings of different people in different situations Leveraging Diversity- Fosters an inclusive workplace where diversity and individual differences are valued and leveraged to achieve the vision and mission of the organization. Exposure and involvement with Employee Engagement initiatives including supporting Diversity & Inclusion effortsKey Requirements: Strong analytical skills, including excellent writing, prooing, and presentation (power point) skills; analysis of written reports and documentation with great attention to detail Writes in a clear, concise, organized, and convincing manner for the intended audience Takes Initiative; ability to work through a large volume of ongoing deliverables, manage projects, and pivot between tactical and strategic tasks Interaction with Senior Management regarding risk program requirements, deliverables, and key issues 5-7 years of Risk Management or other experience in the Banking industry; Note that diverse backgrounds or experiences are welcomed and will be considered Strong business-centric mindset with ability to utilize sound business judgment and tailor approach to drive optimal business outcomesJob Band:H4Shift:1st shift (United States of America)Hours Per Week:40Weekly Schedule:Referral Bonus Amount:0Job Description:Department 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. This group also provides Chief Risk Officer coverage for the Global Markets business and the CFO Group. 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 and dispassionate objectivity. GMFR delivers its mission through a steadfast commitment to its values: cultivating diversity of thought and valuing different perspectives and experiences; driving an inclusive culture that promotes learning, fosters relationships and creativity; and developing talent, advancing careers and creating leaders within Global Risk Management and across the companyThe Enterprise Capital and Liquidity Risk Program Team within GMFR is responsible for developing and maintaining enterprise risk programs for the Company’s liquidity and capital, as well as Chief Risk Officer coverage for the CFO Group that brings together a holistic point of view across all seven risk types. Our department’s aim is to support Bank of America’s purpose in making financial lives better through responsible growth, while maintaining healthy and sustainable liquidity and capital profiles through both business as usual and stressed environments.Role Summary:Operating within Bank of America’s Risk Framework, understand and drive all components of the end-to-end enterprise risk programs for capital and liquidity risk. As a horizontal risk team, it is our role to ensure that all elements of the Policy, Program, and coverage model are implemented and operating effectively across horizontal and vertical coverage teams, as well as Lines of Business and Front Line Units. Examples of projects the candidate would be accountable for include: monitoring adherence to 2nd LOD risk program requirements, risk reporting to inform senior management decision making, independent risk assessments of FLU owned processes, governance and risk committee deliverables, development of training and onboarding materials, monitoring of rules and regulations that apply to the 2nd LOD, oversight of model risk management validation activities, issues management and reporting, and coordination with internal audit, compliance, and external regulatory supervisors. The right candidate will also have the opportunity to participate in ad hoc projects to support broader risk management objectives, such as climate risk and stress testing related to liquidity and capital. The role requires a person with curiosity and a passion for inquiry, comfort with ambiguity, and an entrepreneurial/learning mindset. Self-motivated and flexible, the candidate will be adept at both creative and analytical thinking and have the willingness to work in a function that is evolving and maturing. The position also requires the individual to build and maintain relationships across the enterprise and work closely with other teams in Global Risk Management and the CFO Group.Key responsibilities: Establish, develop, and monitor risk program requirements, including policies and ensuring governance deliverables owned by the 2nd line of defense are met in a timely and effective manner Develop and demonstrate acumen for the identification of various risks and mitigants Ensure appropriate and adequate documentation is maintained for policy and program requirements Deliver effective review and challenge of front line owned processes Monitor execution of board and committee reporting, within the established governance structure Draft and edit executive and committee reporting on a regular basis in a variety of formats, including power point and MS Word Keep abreast of emerging regulatory requirements and provide guidance on the impact of these regulations to the 2nd Line of Defense Liaise with Audit, Compliance and other control functions Prepare for, coordinate and conduct any regulatory reviews and responses of this function; ensure resolution of issues as identified Support corporate-wide liquidity and capital related initiatives Ensure understanding of the business processes that may increase our risk, as well as the mitigants to that risk Provide subject matter expertise related to liquidity and capital risk management process to vertical risk teams, Corporate Treasury and other partners across the enterprise, in order to drive the execution of the risk frameworkCritical success measures: Articulation of all risk program requirements and understanding of applicability for the 2nd Line of Defense Execution of responsibilities of the independent review function, as it relates to core program requirements Ensure that we are providing appropriate monitoring and analysis that allow us to support high quality risk insights Deliver against the book of work for Enterprise Capital and Liquidity Risk Management ProgramsCore Competencies: Vision- Takes a long-term view and builds a shared vision with others; acts as a catalyst for organization change. Influences others to translate vision into action Communication- Can articulately paint credible pictures & visions of possibilities and likelihoods Resilience- Deals effectively with pressure; remains optimistic and persistent, even under adversity. Recovers quickly from setbacks. On occasion required to take an unpopular stand Collaboration- Develops networks and builds alliances; collaborates across boundaries to build relationships and achieve common goals. Influencing and negotiating across external stakeholders (regulators) as well as internal groups including LOB Risk teams, Corporate Treasury, GRRP, Audit & Compliance to drive execution Interpersonal Skills- Treats others with courtesy, sensitivity, and respect. Considers and responds appropriately to the needs and feelings of different people in different situations Leveraging Diversity- Fosters an inclusive workplace where diversity and individual differences are valued and leveraged to achieve the vision and mission of the organization. Exposure and involvement with Employee Engagement initiatives including supporting Diversity & Inclusion effortsKey Requirements: Strong analytical skills, including excellent writing, prooing, and presentation (power point) skills; analysis of written reports and documentation with great attention to detail Writes in a clear, concise, organized, and convincing manner for the intended audience Takes Initiative; ability to work through a large volume of ongoing deliverables, manage projects, and pivot between tactical and strategic tasks Interaction with Senior Management regarding risk program requirements, deliverables, and key issues 5-7 years of Risk Management or other experience in the Banking industry; Note that diverse backgrounds or experiences are welcomed and will be considered Strong business-centric mindset with ability to utilize sound business judgment and tailor approach to drive optimal business outcomesShift:1st shift (United States of America)Hours Per Week:40Learn more about this roleFull timeJR-22090981Band: H4Manages People: NoTravel: NoManager:Talent Acquisition Contact:Maida SalihovicReferral Bonus:0Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCPEEOSupplementFinalJRFQA508c.pdf) .Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .