Jersey City, NJ, 07308, USA
5 days ago
Global Mkts Risk Executive
Global Mkts Risk Executive New York, New York;Jersey City, New Jersey **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 management **To 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 Compliance **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 "Know your Rights" poster, CLICK HERE (https://u.go/0As7EN) . View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.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 . This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
Confirm your E-mail: Send Email