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 Team / Division: Interest Rate Risk (IRR) and CFO Price Risk

　　The Interest Rate Risk and CFO Price Risk team is responsible for reviewing and understanding both the measurement and the management of the firm's consolidated Interest Rate Risk exposure, as well as the Market Risk managed by the company's Treasury group. This team has exposure to senior leaders in the firm and provides risk analysis for financial products across our lines of business ranging from sovereign debt, mortgage backed securities, FX swaps, interest rate swaps, repo market, equity derivatives, the list goes on.

　　Role Summary: CFO Market Risk Sr. Specialist

　　We are seeking a skilled and analytical professional to join our team to help provide quantitative expertise across both Interest Rate Risk and Market Risk. In this role, you will play a crucial part in evaluating, monitoring, and managing the market risk and interest rate risk exposure of our organization. Additionally, this role will be key in evaluating the performance of risk measures used by the firm for both Interest Rate Risk and Market Risk. The ideal candidate will possess strong quantitative skills, a deep understanding of financial markets, and the ability to thrive in a dynamic and fast-paced environment.

　　Key Responsibilities

　　• Conduct comprehensive market risk assessments using quantitative models and methodologies

　　• Analyze financial instruments and portfolios to identify potential risks and assess their impact on the organization

　　• Develop and implement risk measurement and monitoring tools to ensure accuracy and efficiency in risk management processes

　　• Collaborate with cross-functional teams to integrate market risk considerations into decision-making processes

　　• Stay abreast of industry developments, market trends, and regulatory changes that may impact market risk exposure

　　• Produce regular reports and presentations for senior management, summarizing key market risk metrics and trends

　　• Work closely with traders, risk managers, and other stakeholders to enhance risk management strategies

　　• Conduct thorough reviews of existing quantitative models, assessing their accuracy, relevance, and compliance with industry best practices

　　• Propose and implement enhancements to existing models, ensuring continuous improvement in risk measurement capabilities

　　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 f the organization. Exposure and involvement with Employee Engagement initiatives including supporting Diversity & Inclusion efforts

　　Key Requirements

　　• Background in Finance, Mathematics, Engineering, Computer Science, or a related field. Advanced degree or relevant certifications highly valued

　　• 1-2 years financial market experience required, with a good understanding of key risk metrics such as VaR desirable

　　• Strong analytical skills and a keen eye for detail, with the ability to interpret complex financial data and identify potential risks

　　• Understanding of Corporate Treasury financial products and the intricacies of market risk management

　　• Ability to communicate effectively and independently lead initiatives

　　• Proficiency in utilizing tools such as Bloomberg, Python, VBA, and/or SQL

　　Critical Success Criteria

　　• Deliver against the book of work for CFO Market 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

　　Shift:

　　1st shift (United States of America)

　　Hours Per Week:

　　40