Job Description:

　　Enterprise Financial Risk (EFR) Overview

　　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 Team / Division: Financial Risk Reporting and Analytics

　　The Finance Risk Reporting team within EFR provides daily limits reporting as well as the consolidated analytical functions to the risk managers by offering advanced analytics, tools and solutions that enable us to form the independent point of view from the 2nd line of defense.

　　Role Summary: Financial Risk Reporting Specialist

　　The Financial Risk Analyst will understand 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 team, as well as Lines of Business, Front Line Units and Control Functions. Key components of the Liquidity Risk Management program include appropriate risk identification, inclusion of material risks in liquidity stress models and scenarios, review of stress results to understand shifts in drivers, and connectivity of stress results to the risk appetite and risk metrics.

　　Key Responsibilities

　　• Develop and demonstrate acumen for the identification of liquidity risks and mitigants

　　• Produce analysis and monitor trends on key risk measures

　　• Managing several critical reporting and governance routines, such as regulatory filings and board and committee input preparation

　　• Maintaining a strong control environment for all reporting processes

　　• Fielding ad-hoc questions on the report from regulators, internal senior risk leaders, and audit partners

　　• Developing new materials or analyses as needed

　　• Liaising with technology and data partners to correct issues, enhance functionality, and manage through upstream technology change

　　• Conduct risk management policies, limits, standards, controls, metrics and thresholds within the defined corporate standards

　　• 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

　　• Collaborate with Treasury to execute projects focused on evolving liquidity stress testing processes, governance and controls

　　• Identify and execute opportunities that further integrate liquidity and capital processes

　　• Ensure connectivity between U.S. and regional teams in approach to independent risk oversight of liquidity stress testing

　　Key Requirements

　　• Minimum of 2-5 years of risk management or other experience in the financial services industry

　　• Proficiency with PowerPoint and Excel

　　• Writes in a clear, concise, organized, and convincing manner for the intended audience

　　• Strong analytical mindset and effective problem-solving skills

　　• Attention to detail and ability to work with minimal supervision

　　• Ability to extract, analyze, and merge data from disparate systems

　　• Experience with data analytics and visualization tools (e.g., Alteryx, Tableau, MicroStrategy)

　　• 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 tasks

　　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

　　Critical Success Measures and Skills the Candidate Will Develop

　　• Demonstrate liquidity, capital, and interest rate risks are appropriately monitored, measured and mitigated through program activities

　　• Ensure we are providing high quality insights from an independent risk perspective

　　• Connection to and execution of responsibilities of the independent review function, as it relates to core program requirements

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

　　• Develop and demonstrate business acumen for Finance risks (Capital, Liquidity and Interest rate risk) and the mitigants across BAC.

　　• Understanding Top of House risk management and the inter-connections across balance sheet management, asset-liability management, capital, liquidity, and interest risk management

　　• Knowledge and exposure across BAC's Line of Businesses, Legal Entities, products.

　　An understanding of the fundamentals of an effective stress testing program

　　• Understanding of risk management policies, limits, standards, controls, metrics and thresholds within the defined corporate standards.

　　• The ability to recognize all risk categories including credit, market, operational and compliance and bringing appropriate risk expertise as needed

　　Shift:

　　1st shift (United States of America)

　　Hours Per Week:

　　40