Bank Of America International Financial Risk Executive 

France, Ile-de-France, Paris 

287432784

Role Description:

You will be responsible for providing risk oversight and advice to CFO teams and the LOBs on risk management issues for the local broker dealer entity, Bank of America Securities Europe (BOFASE). Key responsibilities include identifying financial risks to which BOFASE and the LOBs operating through such are exposed, implementing measures to prevent and mitigate losses, and monitoring risk outcomes. Job expectations include the ability to understand how all risk categories including credit, market, operational and compliance may create financial risk and recognize where the entity is susceptible to such based on its evolving business activities. The key focus area will be a hands-on approach to the effective risk management of BOFASE’s Capital resources, however this role will also provide oversight of IRRBB & Liquidity Risk as the local EFR team lead.

Responsibilities:

• Participate in establishing risk management procedures and standards.
• Conduct execution of risk framework activities including independent monitoring and testing of controls and risk management processes for the Line of Business (LOB)
• Liaising with businesses to understand market trends and impacts on portfolio, using knowledge of stress testing and its applicability to risk categories.
• Ensuring adherence to the policies and procedures established by the company.
• Managing risk requests, breach remediation's and providing risk effective challenges for front line units.
• Developing risk management analyses, reports, and approval procedures and guidelines on risk limits by type of product and/or transaction.

What we are looking for:

• Strong analytical skills, including both analysis of financial data and written reports.
• Demonstrable experience in coverage areas relevant to EFR – liquidity risk, capital & interest rate risk in the banking book, ideally in a comparative organisation in terms of size and complexity.
• Proficiency with PowerPoint and Excel.
• Writes in a clear, concise, organized, and convincing manner for the intended audience demonstrating strong analytical skills and an ability to tailor messaging to the audience.
• Strong business-centric mindset with ability to utilize sound business judgment and tailor approach to drive optimal business outcomes.
• Ability to develop networks and build alliances; collaborates across boundaries to build relationships and achieve common goals. Influencing and negotiating across external stakeholders (regulators) as well as internal groups including LE CRO, LOB Risk, CFO organisation particularly Corporate Treasury, Recovery & Resolution Planning, Audit & Compliance to drive execution.
• Ability to ensure that we are providing appropriate monitoring and analysis to allow us to support high quality risk insights for BofASE.

France

• Competitive retirement plan in addition to State plans
• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.
• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers
• Life and disability insurance
• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later
• Reimbursement of 50% of your commuter pass
• Nursery scheme for children under age 3
• Works council benefits
• Access to an Employee Assistance Programme for confidential support and help for everyday matters
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities
• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris