EFR Capital Risk Manager
Bank of America•Charlotte, NC
•$115,000 - $184,500•Onsite
About The Position
This job is responsible for providing risk oversight and advice to the Line of Business (LOB) on risk management issues. Key responsibilities include identifying risks to which the LOB is exposed, implementing measures to prevent and mitigate losses, and monitoring risk outcomes. Job expectations may include the ability to recognize all risk categories including credit, market, operational and compliance, as well as directing risk staff or participating in establish risk management procedures and standards.
Requirements
- Strong analytical skills, including both analysis of financial data and written reports
- Knowledge of SEC broker dealer net capital rules and/or FINRA rules
- 8-12 years of Treasury, Finance, Accounting or Risk Management experience
- Proficiency with PowerPoint and Excel.
- Writes in a clear, concise, organized, and convincing manner for the intended audience
- Strong business-centric mindset with ability to utilize sound business judgment and tailor approach to drive optimal business outcomes
Nice To Haves
- Analytical Thinking
- Coaching
- Critical Thinking
- Liquidity Management
- Collaboration
- Oral Communications
- Portfolio Analysis
- Presentation Skills
- Written Communications
- Issue Management
- Monitoring, Surveillance, and Testing
- Regulatory Compliance
- Technical Documentation
- Trading Strategy
Responsibilities
- Participates in establishing risk management procedures and standards
- Conducts execution of risk framework activities including independent monitoring and testing of controls and risk management processes for the Line of Business (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
- Manages risk requests, breach remediations and providing risk effective challenges for front line units
- Develops risk management analyses, reports, and approval procedures and guidelines on risk limits by type of product and/or transaction
- Lead EFR coverage of SEC / FINRA broker dealer net capital rules and requirements, including executing capital calculation testing and review and challenge of FOCUS report filings and calculations
- Review and challenge key capital management activities, including capital planning and forecasting for broker dealer entities, capital risk appetite limits, and subsidiary capital actions/dividends
- Develop and demonstrate acumen for the identification of capital risks and mitigants (including market and economic environment and connectivity to other risk stripes)
- Ensure understanding of the business processes that may increase our risk, as well as the mitigants to that risk
- Assist in the establishment and execution of all Enterprise Risk Management Program requirements
- Coordinate and conduct execution of risk framework activities that are the responsibility of EFR, including but not limited to independent review and risk assessment of front line owned processes (e.g. capital calculation, capital forecasting, etc.)
- Conduct and ensure appropriate and adequate documentation for all independent risk reviews and risk points of view, including appropriate escalation and communication to Senior Management
- Conduct and document risk’s acceptance and understanding of the capital impacts from new products and new transactions
- Deliver effective review and challenge of front-line owned processes that generate or impact our risk or Capital position
- Draft and communicate executive and committee messaging on a regular basis in a variety of formats, including power point and MS Word
- Support corporate-wide risk related initiatives, including regulatory change
- Enhance the Risk landscape, by ensuring our balance sheet and business model is appropriately stressed across a variety of scenarios, baseline to bankruptcy (resolution)
- Provide subject matter expertise related to Capital risk management process and Capital stress testing to the Risk verticals teams, Corporate Treasury, CFO Group and other partners across the enterprise, in order to drive the execution of the stress testing framework and ensure Risks identified are reflected across all scenarios
Benefits
- access to paid time off
- resources and support to our employees
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
Upload and Match Resume
What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
