Bank of America
Risk Management Manager
Bank of America, Charlotte, North Carolina, United States, 28245
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!
This job is responsible for providing risk oversight and advice to the Line of Business (LOB) on risk management issues. Key responsibilities include identifying risks to which the LOB is exposed, implementing measures to prevent and mitigate losses, and monitoring risk outcomes. Job expectations may include the ability to recognize all risk categories including credit, market, operational and compliance, as well as directing risk staff or participating in establishing risk management procedures and standards.Responsibilities:Responsible for maintaining the Enterprise Process for Issues Management and associated Policies, Procedures and Standards.Defines program controls, processes, metrics, procedures, reporting, and governance/oversight routines.Identify control deficiencies, discuss, review, and make recommendations for process improvements and initiate recommendations as needed.Engages in key initiatives designed to enhance process and oversee their implementation.Engages with key stakeholders to provide feedback and influence change, collaborating with cross-functional teams.Develop and produce risk management analysis and reporting.May serve as Product Owner for Enterprise Issues Management system of record including communication of the product vision and roadmap to stakeholders.Collaborate with stakeholders to understand their needs and with some guidance, create and prioritize stories in the product backlog.Participates in establishing risk management procedures and standards.Conducts execution of risk framework activities including independent monitoring and testing of controls and risk management processes for the Line of Business (LOB).Ensures adherence to the policies and procedures established by the company.Manages risk requests, breach remediations and providing risk effective challenges for front line units.Develops risk management analyses, reports, and approval procedures and guidelines on risk limits by type of product and/or transaction.Required Qualifications:7+ years of financial industry or risk experienceIntense attention to accuracy, detail, and consistencyStrong analytical skills and ability to effectively challenge information.Strong communication skills: ability to communicate effectively both in writing and verbally and to feel comfortable delivering insights and recommendations to senior management.Comfortable taking initiative and being resourceful/entrepreneurial.Ability to work well under pressure in a fast-paced, deadline-specific environment.Excellent organizational skills with a keen ability to prioritize daily tasks with project work as well as ad-hoc requests.Proven verbal and written communication skills and presentation skillsProficiency in using MS Word, Excel, PowerPoint, SharePointSkills:Analytical ThinkingCoachingCritical ThinkingLiquidity ManagementCollaborationOral CommunicationsPortfolio AnalysisPresentation SkillsWritten CommunicationsIssue ManagementMonitoring, Surveillance, and TestingRegulatory ComplianceTechnical DocumentationTrading StrategyShift:1st shift (United States of America)Hours Per Week:40
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This job is responsible for providing risk oversight and advice to the Line of Business (LOB) on risk management issues. Key responsibilities include identifying risks to which the LOB is exposed, implementing measures to prevent and mitigate losses, and monitoring risk outcomes. Job expectations may include the ability to recognize all risk categories including credit, market, operational and compliance, as well as directing risk staff or participating in establishing risk management procedures and standards.Responsibilities:Responsible for maintaining the Enterprise Process for Issues Management and associated Policies, Procedures and Standards.Defines program controls, processes, metrics, procedures, reporting, and governance/oversight routines.Identify control deficiencies, discuss, review, and make recommendations for process improvements and initiate recommendations as needed.Engages in key initiatives designed to enhance process and oversee their implementation.Engages with key stakeholders to provide feedback and influence change, collaborating with cross-functional teams.Develop and produce risk management analysis and reporting.May serve as Product Owner for Enterprise Issues Management system of record including communication of the product vision and roadmap to stakeholders.Collaborate with stakeholders to understand their needs and with some guidance, create and prioritize stories in the product backlog.Participates in establishing risk management procedures and standards.Conducts execution of risk framework activities including independent monitoring and testing of controls and risk management processes for the Line of Business (LOB).Ensures adherence to the policies and procedures established by the company.Manages risk requests, breach remediations and providing risk effective challenges for front line units.Develops risk management analyses, reports, and approval procedures and guidelines on risk limits by type of product and/or transaction.Required Qualifications:7+ years of financial industry or risk experienceIntense attention to accuracy, detail, and consistencyStrong analytical skills and ability to effectively challenge information.Strong communication skills: ability to communicate effectively both in writing and verbally and to feel comfortable delivering insights and recommendations to senior management.Comfortable taking initiative and being resourceful/entrepreneurial.Ability to work well under pressure in a fast-paced, deadline-specific environment.Excellent organizational skills with a keen ability to prioritize daily tasks with project work as well as ad-hoc requests.Proven verbal and written communication skills and presentation skillsProficiency in using MS Word, Excel, PowerPoint, SharePointSkills:Analytical ThinkingCoachingCritical ThinkingLiquidity ManagementCollaborationOral CommunicationsPortfolio AnalysisPresentation SkillsWritten CommunicationsIssue ManagementMonitoring, Surveillance, and TestingRegulatory ComplianceTechnical DocumentationTrading StrategyShift:1st shift (United States of America)Hours Per Week:40
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