Risk Management Executive - Risk Rating Scorecard

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
This job is responsible for providing risk oversight, advice, and counsel to a line of business. Key responsibilities include establishing risk management policies, limits, standards, controls, metrics and thresholds within the defined corporate standards. Job expectations include the ability to recognize all risk categories including credit, market, operational and compliance leveraging risk expertise.

Responsibilities:

• Oversees the establishment of risk management procedures and standards
• Provides guidance and insight into the execution of risk framework activities including independent monitoring and testing of controls and risk management processes for the Line of Business
• Understands market trends and impacts on portfolio, using knowledge of stress testing and its applicability to risk categories
• Ensures adherence to the policies and procedures established by the company
• Oversees risk requests, breach remediations and providing risk effective challenges for front line units
• Gives counsel on risk management analyses, reports, and approval procedures and guidelines on risk limits by type of product and/or transaction

Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Opportunity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company Great Place to Work goals.
• Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.
• Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.
• Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.
• People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.
• Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability.
• Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
• Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage.

Required Qualifications:

• 10+ years experience in Global Risk Management, Control Function or Credit
• Project Management Experience
• Effective written and verbal communication
• Effective business partnership
• Executive presence
• Advance PowerPoint skills
  
  

Skills:

• Critical Thinking
• Decision Making
• Executive Presence
• Talent Development
• Issue Management
• Liquidity Management
• Oral Communications
• Performance Management
• Written Communications
• Analytical Thinking
• Change Management
• Fiscal Responsibility
• Presentation Skills
• Regulatory Compliance

Shift:

1st shift (United States of America)

Hours Per Week: 

40