What are the responsibilities and job description for the Risk Management Sr Specialist position at Bank of America?
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:
1st shift (United States of America)
Hours Per Week:
40
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 with quality assurance activities of internal issues portfolios for multiple lines of business
- Engages with key stakeholders to provide feedback and influence change
- Assists with establishing risk management procedures and standards
- Ensures adherence to the policies and procedures established by the company
- Supports risk management analysis and reporting
- 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.
- Prior experience with QA/QC in the financial services environment
- Proven ability to build and cultivate relationships both externally and internally across the organization.
- Comfortable working with people at all organizational levels
- Knowledgeable of Bank of America’s business lines, operations, organizational structure, senior executives, etc.
- Prior experience in performing analysis using Excel, Pivot, Tableau, etc.
- 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
1st shift (United States of America)
Hours Per Week:
40
