Bank of America-posted 10 days ago
Full-time • Mid Level
Onsite • Jersey City, NJ
5,001-10,000 employees

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! Job Description: This role would fall within the Global Markets Risk (GMR) Initiatives team which is a subject matter knowledgeable change management organization within GMR that is responsible for the delivery of complex technology based regulatory and/or audit remediation, and strategic projects prioritized by GMR. Most change initiatives managed by the GMR Initiatives Management team would qualify as 'material change with technology' which would involve significant change to people, processes and/or technology requiring additional rigor to identify and mitigate risk. This group works closely with the GMR Risk sponsor, Global Markets COO, Risk Managers, Global Risk Analytics, Quantitative Services and Data Group (QSDG), and Market Risk & Global Markets technologies groups. Members of the Initiatives team are also responsible for coordination of the annual Initiative budget planning process for the GMR organization to define, prioritize and justify the subsequent year's portfolio of work as well as working with market risk technology partners and Global Risk COO on a monthly basis to monitor and manage the initiative budget technology run rate against approved plans

  • Coordination of the annual Initiative budget planning process for the GMR organization to define, prioritize and justify the subsequent year's portfolio of work
  • Work with market risk technology partners and Global Risk COO on a monthly basis to monitor and manage the initiative budget technology run rate against approved plans
  • Progress toward CFA or FRM professional designation is strongly desired but will consider proven relevant experience.
  • A broad knowledge across financial products, market structure, asset classes, and risk with an understanding of Value at Risk (VaR) and its use in the market risk management area.
  • Strong quantitative/analytical skills with understanding of capital regulations and how these apply to Market Risk is highly desirable.
  • A solid background in the operation aspects of the market risk management area with emphasis on operational controls, testing and reporting.
  • Advanced desktop technology skills such as Excel and PowerPoint is a must (Bloomberg and Access skills are a plus but not required).
  • Excellent verbal and written communication skills, including well-developed presentation skills.
  • Some experience in computer programming, VBA, SQL, Python.
  • Bachelor’s degree with emphasis in finance, economics, accounting, computer science, or quantitative disciplines with minimum 5 years work experience in the position offered or related.
  • MBA/MS preferred.
  • Bloomberg and Access skills are a plus but not required
  • This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
  • This role is currently benefits eligible.
  • We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
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