Job 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 interest rate risks, including 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.

　　EFR Division: Capital Risk Management

　　Enterprise Capital Risk Management is a department within Enterprise Financial Risk (EFR). This group is responsible for providing an independent assessment of Bank of America's Capital risk, as described within BAC's Risk Framework. The department's aim is to support Bank of America's purpose in making financial lives better through responsible growth. This is accomplished by providing an independent perspective on the effective utilization of Bank of America's Capital resources and ensuring we understand all of the risks that could impact our Capital resources. The goal of the department is that a healthy and sustainable Capital profile is maintained through a business as usual environment and also during times of stress to support the Businesses Earnings Plans

　　Role Summary: Capital Risk Management Sr. Specialist

　　Operating within BAC's Risk Framework, understand and drive all components of the end-to-end Capital/Capital Risk management process/program for the Enterprise. As a Risk horizontal team, it is our role to ensure the Enterprise is provided and adheres to our Capital Management policy and any resultant standards and guidance. Key components of the Capital/Capital Risk Management program include appropriate risk identification across the 8 lines of business and legal entities, establishment of effective stress testing processes across a range of scenarios, establishment of risk monitoring processes across the 8 lines of business and legal entities; including the review and challenge of Board and Management Level Risk Appetite Limits for our Enterprise and material entities.

　　Key Responsibilities:

　　• Develop capital rule expertise on Basel III Endgame regulations with specific focus on the Market Risk section known as the Fundamental Review of the Trading Book (FRTB)

　　• Support EFR coverage of Basel III Endgame by executing capital calculation testing and performing review and challenge of regulatory rule interpretations

　　• Develop and demonstrate acumen for the identification of risks and mitigants (including market and economic environment and connectivity to other risk stripes)

　　• Ensure understanding of the business processes that may increase our risk, as well as the mitigants to that risk

　　• Assist in the establishment of all Enterprise Risk Management Program requirements (see program elements above)

　　• Coordinate and conduct execution of risk framework activities that are the responsibility of EFR, including but not limited to independent review and risk assessment of FLU owned processes

　　• Conduct and ensure appropriate and adequate documentation for all independent risk reviews, including appropriate escalation and communication to Senior Management

　　• Deliver effective review and challenge of front line owned processes that generate or impact our risk or Capital position

　　• Review and challenge impact of capital changes (LRR, transactions, new products) for each Legal Entity

　　• Draft and communicate executive and committee messaging on a regular basis in a variety of formats, including PowerPoint and MS Word

　　• Support corporate-wide risk related initiatives

　　• Enhance the Risk landscape, by ensuring our balance sheet and business model is appropriately stressed across a variety of scenarios, baseline to bankruptcy (resolution)

　　Critical success measures:

　　• Deliver against the book of work for Enterprise Capital Risk Management

　　• Ensure that we are providing appropriate monitoring and analysis that allow us to support high quality risk insights

　　• Connection to and execution of responsibilities of the independent risk function

　　Core 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 efforts

　　Key Requirements:

　　• Strong analytical skills, including both analysis of financial data and written reports

　　• 2-5 years of Markets Risk, Finance, Accounting or Risk Management experience. Note, Diverse backgrounds or experiences welcome; knowledge of capital rules and application of the rules and capital markets product knowledge a plus

　　• Proficiency with PowerPoint and Excel. Writes in a clear, concise, organized, and convincing manner for the intended audience

　　• Experience with SQL or other programming languages a plus. Role may require querying databases and/or building risk management dashboards

　　• Strong business-centric mindset with ability to utilize sound business judgment and tailor approach to drive optimal business outcomes

　　Shift:

　　1st shift (United States of America)

　　Hours Per Week:

　　40