Global Mkts Risk Executive
Company: Disability Solutions
Location: New York
Posted on: March 5, 2025
Job Description:
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!Job Description:Provide domain
expertise for Strategic Risk Initiatives, Risk Management, GRA ,
Regulators (MRA/MRIA), Audit , MRM, QSG and MRT/FO technology,
providing requirements, system design and adoption testing support.
Design of strategic systems for Full Revaluation Risk, Reference
Data, Market Data and adoption of Firm wide strategic projects
across the Market Risk and Counterparty Risk domains. Provide
coherent, sustainable solutions to support Market Risk and
Counterparty Risk, through updating and maintaining existing risk
systems. Assist with new Regulatory requirements and build/improve
processes to a point that they can be handed over to the
appropriate team for on-going production (EST, Internal/External
Reporting, GBS). Provide a "One Stop Shop" for Risk Managers, GRA,
external teams for Market Risk model and systems support.
Management experience for teams across regions, of ten or more
people.
- Talent Development
- Production mindset to design process and controls to deliver
under tight tightlines in a heavily audited area
- Analytical and process design skills to proactively monitor and
remediate market data issues used in production risk measurement
and reporting
- Control mindset to ensure the completeness, validity, and
accuracy of market data daily. Work with business data users to
define the use of data within various risk systems
- Collaboration skills especially with technology (Business
Analysts, Project Managers, Developers)
- Participate in user acceptance testing of data control
processes
- Business partnering skills with Reporting, Back Testing,
Enterprise Stress Testing and various Technology groups to ensure
effective controls over market data for GM
- Experience working with model risk and risk analysts to
implement required changes and produce impact analysis for
review
- Change managementTo be considered minimally qualified,
candidates must possess the following:
- At least ten year's work experience in Finance with a strong
preference for candidates with a Market Risk infrastructure
background
- Master's Degree or equivalent with emphasis in financial
engineer or quantitative disciplines
- A thorough understanding of Market Risk models including Value
at Risk, Stress Test models and related economic capital
regulations is required. An advanced understanding of the
mathematical principles underlier these risk models and how these
principles are implemented and controlled in large scale risk
systems is highly desirable
- Extensive history of conducting large scale time series market
data analysis in the context of VaR modeling, covering all asset
classes and products. A thorough knowledge across fixed income
financial products including Equity, Commodity, FX, interest rate
and credit products is required
- Experience in quantitative computer programming (Python, SQL)
with practical application to financial time series a plus
- Advanced desktop technology skills such as Excel and PowerPoint
are a must (Bloomberg and Access skills are a plus but not
required)
- Excellent verbal and written communication skills, including
well-developed presentation skills.Skills:
- Critical Thinking
- Decision Making
- Executive Presence
- Talent Development
- Issue Management
- Oral Communications
- Performance Management
- Risk Analytics
- Written Communications
- Analytical Thinking
- Change Management
- Fiscal Responsibility
- Presentation Skills
- Regulatory ComplianceShift:1st shift (United States of
America)Hours Per Week: 40Pay Transparency detailsUS - NJ - Jersey
City - 525 Washington Blvd (NJ2525), US - NY - New York - ONE
BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits
informationPay range$200,000.00 - $322,700.00 annualized salary,
offers to be determined based on experience, education and skill
set.Discretionary incentive eligibleThis role is eligible to
participate in the annual discretionary plan. Employees are
eligible for an annual discretionary award based on their overall
individual performance results and behaviors, the performance and
contributions of their line of business and/or group; and the
overall success of the Company.BenefitsThis role is currently
benefits eligible. We provide industry-leading benefits, access to
paid time off, resources and support to our employees so they can
make a genuine impact and contribute to the sustainable growth of
our business and the communities we serve.
Keywords: Disability Solutions, New York , Global Mkts Risk Executive, Accounting, Auditing , New York, New York
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