Financial Risk Analytics Sr. Specialist

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 an 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.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

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

Enterprise Financial Risk (EFR) Overview

Enterprise Financial Risk (EFR) supports 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 an 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 financial risk profile is maintained through baseline economic scenarios, as well as during times of market and idiosyncratic stress.

EFR Team / Division:  Financial Risk Analytics and Reporting
The Financial Risk Analytics and Reporting team within EFR provides support to risk managers within Global Risk Management responsible for execution of horizontal and vertical risk programs through analytics, risk reporting, and data governance.  The Analytics team within Financial Risk Analytics and Reporting provides critical data driven analytical functions to the risk managers by offering advanced analytics, tools and solutions that enable us to form the independent point of view from the 2nd line of defense.

Role Summary: Risk Management Sr Specialist

This is a quantitative role focused on the design and implementation of analytics and analytical tools to support financial risk management.  The candidate is expected to have strong technical and communication skills with a strong interest in leveraging those skills to build analytical solutions to risk management problems.  The candidate needs to be a team player, have an enterprise mindset, and passion for learning.  At this level, the candidate is expected to execute well-defined analytical work on a timely basis without material errors.  The candidate will not only gain experience delivering analytical solutions, but will also learn about how financial risk is managed in practice and gain exposure to a wide range of businesses and control functions across the Bank.

Key Responsibilities
Support execution of horizontal risk programs within EFR focused on liquidity, interest rate risk, and capital through execution of timely and forward-looking analysis and implementation of analytical tools, including but not limited to:

• Collaborate with risk managers in order to understand their priorities, timelines, requirements for analysis and tools, and feedback on analytical work

• Replication of CFO data sourcing, model implementation, and reporting for key models

• Implementation of sensitivity exercises to measure impact of key assumptions and development of benchmark approaches to address limitations

• Preparation of presentation materials to facilitate review and discussion of risk measurement issues with senior management, auditors, and regulators

• Contributions to peer review of analytical work and code to ensure delivery by team of error-free work that integrates the best ideas

• Provide support and training for analytical tools, and maintain documentation to ensure compliance with Bank policies governing models and applications

• Provide support to broader Financial Risk Analytics and Reporting team as needed to support build of new risk metr