Risk Management Executive - Risk Rating Scorecard

Bank of America•Charlotte, NC

About The Position

At Bank of America, this role provides risk oversight, advice, and counsel to a line of business. It establishes risk management policies, limits, standards, controls, metrics, and thresholds within defined corporate standards, and recognizes risk categories including credit, market, operational, and compliance risk. The position may also include responsibilities for managing associates.

Requirements

10+ years of experience in Global Risk Management, a Control Function, or Credit.
Project management experience.
Effective written and verbal communication.
Effective business partnership.
Executive presence.
Advanced PowerPoint skills.
Skills in critical thinking, decision-making, talent development, issue management, liquidity management, oral and written communications, performance management, analytical thinking, change management, fiscal responsibility, presentation, 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 impacts on the portfolio, applying knowledge of stress testing and its applicability to risk categories.
Ensure adherence to company policies and procedures.
Oversee risk requests and breach remediations, and provide effective risk challenges for front line units.
Counsel on risk management analyses and reports, and on approval procedures and guidelines for risk limits by product and/or transaction type.
Champion opportunity and inclusion by breaking down barriers and supporting an inclusive environment.
Challenge end-to-end process efficiency and effectiveness, promote data-driven decision-making, and remove operational obstacles.
Contribute to enterprise strategy and communicate how team contributions connect to business purpose and results.
Inspect and challenge risk controls, governance, and culture to support timely risk identification, escalation, debate, and remediation.
Coach associates, sustain and elevate organizational performance, and differentiate performance-based pay.
Allocate and manage resources efficiently to support short- and long-term profitability.
Manage organizational talent and succession health while supporting enterprise talent needs.
Mobilize organizational resources to deliver the bank’s capabilities to meet client needs and gain competitive advantage.