Risk Management Executive - Risk Rating Scorecard

Bank of America•Charlotte, NC

7d•Onsite

About The Position

At Bank of America, the Risk Management Executive provides risk oversight, advice, and counsel to a line of business. The role establishes risk management policies, limits, standards, controls, metrics, and thresholds within defined corporate standards, and applies risk expertise to recognize credit, market, operational, and compliance risks. The position oversees risk management procedures and standards, guides execution of risk framework activities, and supports independent monitoring and testing of controls and risk management processes for the Line of Business. It assesses market trends and portfolio impacts, including the applicability of stress testing to risk categories. The role also ensures adherence to company policies and procedures, oversees risk requests and breach remediation, provides effective challenge to front-line units, and advises on risk analyses, reports, approval procedures, and risk limits by product or transaction type. The position may include associate-management responsibilities. Bank of America describes manager-level expectations including fostering inclusion, improving processes and data-driven decisions, communicating enterprise strategy, overseeing risk controls and governance, coaching employees, managing resources, supporting succession and talent needs, and driving business outcomes. This is an in-office role within Bank of America’s stated in-office culture. The posting identifies a first shift and 40 hours per week.

Requirements

10+ years of experience in Global Risk Management, a Control Function, or Credit Project Management.
Effective written and verbal communication.
Effective business partnership.
Executive presence.
Advanced PowerPoint skills.
Skills listed: critical thinking, decision making, talent development, issue management, liquidity management, oral communications, performance management, written communications, analytical thinking, change management, fiscal responsibility, presentation skills, and regulatory compliance.

Responsibilities

Oversee the establishment of risk management procedures and standards.
Provide guidance and insight into execution of risk framework activities, including independent monitoring and testing of controls and risk management processes for the Line of Business.
Understand market trends and their impact on the portfolio, using knowledge of stress testing and its applicability to risk categories.
Ensure adherence to company policies and procedures.
Oversee risk requests and breach remediation, and provide effective risk challenge to front-line units.
Advise on risk management analyses, reports, approval procedures, and guidelines for risk limits by product or transaction type.
Where applicable, manage associates and demonstrate manager-level responsibilities, including inclusion, process improvement, enterprise communication, risk oversight, coaching, resource allocation, talent development, and delivery of business outcomes.