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Enterprise Financial Risk Specialist

Bank of America

Bank of America

Accounting & Finance
Dublin, Ireland · United States · Remote
Posted on Wednesday, June 5, 2024

Job Description:

Job Title: Enterprise Financial Risk Specialist

Corporate Title: AVP

Location: Dublin

Company Overview:

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!

Location Overview:

Overlooking the spectacular Iveagh Gardens with access to all amenities in the beating heart of central Dublin is our Park Place office. Travel options include the LUAS, Dublin Bus networks as well as the Dublin Bikes station, positioned just outside our front doors. As part of our commitment to supporting staff travel to and from work in the most sustainable way possible, we also provide tax saver tickets as part of our award-winning benefits package which means getting to work has never been easier.

The Team

You will be joining the Enterprise Financial Risk (EFR) group, which is responsible for delivering effective independent risk management of the activities and processes associated with managing the Bank’s capital, liquidity and interest rate risk in the banking book. The EFR team is structured as a combination of Line of Business and Legal Entity facing vertical teams, supported by horizontal teams specialising in one of the three EFR risk stripes (Capital, Liquidity, Price Risk/IRRBB).

The advertised role sits in EFR’s International Legal Entity (ILE) coverage team, which is responsible for providing an independent assessment of Bank of America’s financial risks within non-US legal entities, branches, and lines of business to ensure the effective utilization of Bank of America’s legal entity financial resources in compliance with local and US regulations. The ILE team currently has one staff member in Dublin, who is responsible for managing all three EFR risk types, with a primary focus on Liquidity Risk and Interest Rate Risk in the Banking Book (IRRBB), given there is also another EFR staff member based in Dublin covering Capital Risk as part of that specialist team.

Role Description:

Operating within the Risk Framework, the role is to act as a representative of the broader Enterprise Financial Risk organisation in Dublin, primarily covering the firm’s core European banking entity, Bank of America Europe - DAC, as well as providing cross regional support to the other EMEA ILE teammates in Paris and London where needed.

As part of the Legal Entity team, you will support effective review & challenge across the three EFR risk types and providing risk insights to local stakeholders (Chief Risk Officer, CFO group, local senior management and regulators) as well as the EFR management team.

Responsibilities:

  • Act as a trusted partner with local risk teams, global EFR teammates and local 1st & 2nd line teams.
  • Provide effective review and challenge of business and CFO activities in relation to financial risk generation and control.
  • You will be responsible for entity specific liquidity and IRR metrics (metric population, limit calibration, ongoing monitoring). Support review and challenge of Capital metrics and monitoring as needed. Escalate to senior stakeholders as appropriate.
  • Contribute to local working groups and governance committees and act as a risk subject matter specialist for the 3 risk types.
  • Contribute to regulatory deliverables (ICAAP, ILAAP, recovery plan) as appropriate, and provide a Risk POV to local governance bodies.
  • Assist with Liquidity and IRR policies refreshes and support presentation to the Board. Also assist in enforcing the requirements in said policies.
  • Contribute to various local and global activities and communications, including weekly updates, team achievements, periodic reporting and select deep-dives.

What we are looking for:

  • You will have a natural curiosity and learning agility to accurately interpret, understand and evaluate a variety of risks across multiple risk types and interconnectivity between risk types.
  • You will have effective technical and analytical skills (financial data and written reports)
  • Previous experience of Treasury, Finance / Accounting or Risk Management experience.
  • Talks and writes in a clear, concise, organized, and convincing manner for the intended audience.
  • You will possess effective business-centric mindset with ability to utilize sound business judgment and tailor approach to drive optimal business outcomes.
  • Communication- Can articulately paint pictures & visions of possibilities and likelihoods. Ability to communicate with SMEs as well.

Benefits of working at Bank of America:

Ireland

  • Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
  • Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
  • 20 days of back-up childcare and 20 days of back-up adult care per annum
  • The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
  • Access to an Employee Assistance Program for confidential support and help for everyday matters
  • Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan
  • Ability to donate to charities of your choice and the bank will match your contribution
  • Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of Ireland’s most iconic cultural institutions and exhibitions.
  • Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America:

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, membership of the Traveller community, age, sexual orientation, pregnancy or maternity, civil status, socio-economic background, family status or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.