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Risk Management Sr. Specialist

Bank of America

Bank of America

Charlotte, NC, USA · Atlanta, GA, USA · Jacksonville, FL, USA · United States · Remote
Posted on Thursday, June 27, 2024

Job Description:

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 assisting in providing risk oversight and advice to the Line of Business (LOB) on risk management issues. Key responsibilities include monitoring and adhering to risk management policies, limits, standards, controls, metrics and thresholds within the defined corporate standards, assisting in conducting execution of risk framework activities including independent monitoring and testing of controls and risk management processes for the LOB. Job expectations include the ability to recognize all risk categories including credit, market, operational, and compliance.

Responsibilities:

  • Assists in establishing and overseeing the risk management governance structure for the Line of Business (LOB)
  • Assists in conducting execution of risk framework activities including monitoring and testing of controls and risk management processes for the LOB
  • Liaisons with businesses to understand 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
  • Supports the management of risk requests, breach remediations and providing risk effective challenges for front line units

Required Qualifications:

  • 3+ years of experience in business operations or support, risk management, issues management, regulatory support (or related experience), or a combination of each
  • High attention to detail and strong organizational skills
  • Self-starter with excellent problem solving and follow-up skills.
  • Ability to work well under pressure, adapt to unexpected events, prioritize and multi-task in a deadline-driven environment.
  • Pro-actively understanding responsibilities and manage tasks independently.

Skills:

  • Analytical Thinking
  • Credit and Risk Assessment
  • Critical Thinking
  • Portfolio Analysis
  • Decision Making
  • Oral Communications
  • Presentation Skills
  • Technical Documentation
  • Written Communications
  • Active Listening
  • Issue Management
  • Liquidity Management
  • Monitoring, Surveillance, and Testing
  • Regulatory Compliance

Shift:

1st shift (United States of America)

Hours Per Week:

40