Job Information
Bank of America Global Markets Risk Manager in New York, New York
Global Markets Risk Manager
Charlotte, North Carolina;New York, New York
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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Job Description:
The Interest Rate Risk and CFO Price Risk team under the Enterprise Financial Risk group within Global Risk Management is looking for a risk analyst responsible for independent risk oversight of the firm’s Interest Rate Risk measurement processes. The Interest Rate Risk and CFO Price Risk team is responsible for oversight of the measurement and management of Interest Rate Risk (IRR) for the company as well as Market Risk oversight for hedging activities managed within the CFO Organization.
This role will primarily focus on oversight of the company’s interest rate risk measurement processes through our internal Earnings at Risk (EaR)/Net Interest Income (NII) and Economic Value of Equity (EVE) calculations. Through this role, the candidate will need to develop a strong understanding of how interest rates will impact the earnings and cash flows associated with all positions on the company’s balance sheet including both LOB generated positions (e.g. deposits and loans) as well as securities and derivatives used by the CFO organization to manage our firm’s Interest Rate Risk. Key responsibilities will include reviewing and challenging all critical models and assumptions within the firm’s Interest Rate Risk calculation framework.
Required Qualifications:
Background in Finance, Engineering or Computer Science
Familiarity with industry standard Interest Rate Risk measures such as Earnings at Risk (EaR) and Economic Value of Equity (EVE)
Experience with duration modeling approaches for banking products such as loans and deposits as well as traded products such as mortgage backed securities
Understanding of implications associated with security and derivative accounting elections
Experience with Bloomberg, Python and SQL is a plus
Ability to communicate effectively with senior stakeholders and independently lead initiatives
Skills:
Analytical Thinking
Critical Thinking
Portfolio Analysis
Risk Analytics
Data and Trend Analysis
Decision Making
Oral Communications
Presentation Skills
Written Communications
Active Listening
Issue Management
Monitoring, Surveillance, and Testing
Regulatory Compliance
Technical Documentation
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .
To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .