Enterprise Financial Risk Capital Markets Risk Sr. Specialist
| Company | Bank of America |
|---|---|
| Location | Charlotte, NC, USA, New York, NY, USA |
| Salary | $84200 – $125000 |
| Type | Full-Time |
| Degrees | |
| Experience Level | Senior |
Requirements
- 3-5 years of Treasury, Finance, Accounting or Risk Management experience, including Market Risk related experience.
- Strong analytical skills, including both analysis of financial data and written reports
- Proficiency with PowerPoint and Excel. Writes in a clear, concise, organized, and convincing manner for the intended audience
- Experience with Python and SQL or other programming languages. Role requires querying databases and building and maintaining risk management tools.
- Strong business-centric mindset with ability to utilize sound business judgment and tailor approach to drive optimal business outcomes
- Diverse backgrounds or experiences welcomed; however knowledge of capital rules and application of the rules and capital markets product knowledge a plus
Responsibilities
- Review and challenge key capital management activities, including Fundamental Review of the Trading Book (FRTB) and Basel 3 market risk rule implementation
- Review and challenge market risk RWA models, methodologies and results, including analyzing key drivers and changes
- Support EFR coverage of by executing capital calculation testing and performing review and challenge of regulatory rule interpretations and rule compliance documentation
- Develop and demonstrate acumen for the identification of capital risks and mitigants (including market and economic environment and connectivity to other risk stripes)
- 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 front line owned processes (e.g. capital calculation, capital forecasting, etc.)
- Conduct and ensure appropriate and adequate documentation for all independent risk reviews and risk points of view, including appropriate escalation and communication to Senior Management
- Understand and document the capital impacts from new products and new transactions
- Support corporate-wide risk related initiatives, including regulatory change
- Enhance the Risk landscape, by ensuring our balance sheet and business model is appropriately stressed across a variety of scenarios, baseline to bankruptcy (resolution)
- Provide subject matter expertise related to Capital risk management process and Capital stress testing to the Risk verticals teams, Corporate Treasury and other partners across the enterprise, in order to drive the execution of the stress testing framework and ensure Risks identified are reflected across all scenarios
Preferred Qualifications
- Diverse backgrounds or experiences welcomed; however knowledge of capital rules and application of the rules and capital markets product knowledge a plus