Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

• Providing risk oversight and advice and counsel to front line units
• Ability to recognize all risk categories and bringing appropriate risk expertise as needed
• Accountable for conducting execution of BAC risk framework activities commensurate with liquidity risk, interest rate risk and price risk, capital risk, and responsibilities of a CRO vertical coverage team

• Analysis of model risk, analysis and reporting of market risk, distributing the market risk reports, and interfacing with the trading desk and other risk and support groups (i.e., Compliance, Finance, Operations, etc.)
• Review and Challenge of IRR measurements (Independent analysis of 1LOD proposal based on structured criteria, e.g., impact to risk metrics, sensitivity testing, challenger model, regulatory guidance, supporting analysis and justification)
• Price Risk data validation and controls

• Capital Forecasting/Adequacy - enhance review and challenge of end-to-end capital forecasting and adequacy process, including Risk ID and scenario design
• SLR/Numerator/TLAC interpretations, rule compliance and calculator change control reviews
• Maintain ECRM operating model and prioritization. Review and challenge of all capital-related Plans, Policies, Governance documents and Committee materials
• Wholesale/Retail spot RWA and manual adjustment testing, interpretations, rule compliance and calculator change control reviews
• Counterparty/securities spot RWA and manual adjustment testing
• Market risk RWA and manual adjustment testing, as outlined in E&Y recommendations.
• SLR/Numerator/TLAC calculations and manual adjustment testing, as outlined.

• Review and Challenge of internal liquidity stress testing (ILST) models and related assumptions, FLU new products, Liquidity Forecasting, Funding Plans, Risk ID Inventory, etc.
• Daily limit monitoring and resolution of issues; Limit monitoring is a critical function requiring commentary that may go to regulators or communicated to management stakeholders
• Manage ILST scenario narratives and regularly review the calibration and completeness of existing ILST narratives
• Create liquidity scenario customizations to support recovery planning, resolution planning, climate, and other enterprise-wide scenarios. Design exploratory liquidity scenarios to measure impacts of risks not captured in the existing ILST scenarios
• Recovery and Resolution Planning - Maintain working knowledge of related regulations in the U.S., Monitor RRP related triggers and metrics, Identify, calibrate, monitor, and report early warning indicators, Lead Risk coverage of GRRP activities in business as usual, regulatory exam meetings and management forums.
• Collaborate across Risk to drive consistent review of RRP related activities, appropriate Risk engagement and challenge documentation
• Assess, measure, monitor the potential liquidity risks driven by climate change and climate related events

• Works with senior management and other team members to implement enhancements to reporting and analysis packages for senior management forums and committees plus the implementation of improved reporting and data mining tools and metrics
• Ensures that the team produces regulatory and economic risk capital reports and data inputs respectively
• Produces regularly scheduled reports including stress and back testing and responds to ad hoc reporting and analysis requests
• May manage a small team of analysts or own key reports and or processes

• Establish and oversee the risk management governance structures
• Establish risk management policies, limits, standards, controls, metrics, and thresholds within the defined corporate standards
• Day to Day Operations and Business Controls, including single process inventory, expense management, etc.

• Strong Excel
• Analytical Thinking
• Critical Thinking
• Portfolio Analysis
• Risk Analytics
• Data & Trend Analysis
• Decision Making
• Oral Communications
• Presentation Skills
• Written Communications
• Active Listening
• Issue Management
• Monitoring, Surveillance & Testing
• Regulatory Compliance
• Technical Documentation
• Quantitative skills with strong Excel
• Attention to Detail
• Data Quality Management
• Data Visualization
• Prioritization
• Reporting
• Controls Management
• Process Design
• Regulatory Relations