Bank Of America Enterprise Financial Risk Capital Sr Specialist 

United States, North Carolina, Charlotte 

185826259

Key responsibilities:

• Review and challenge key capital management activities, including capital planning and forecasting (including CCAR Capital Plan and Recovery and Resolution Plans), capital risk appetite limits, Line of Business capital allocations and capital actions

• Support EFR coverage of Basel 3 Endgame by executing capital calculation testing and performing review and challenge of regulatory rule interpretations and rule compliance documentation

• 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 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

Critical success measures:

• Deliver against the book of work for Enterprise Capital/Capital Risk Management

• Ensure that we are providing appropriate monitoring and analysis that allow us to support high quality risk insights

• Connection to and execution of responsibilities of the independent risk function

Core Competencies:

• Vision- Takes a long-term view and builds a shared vision with others; acts as a catalyst for organization change. Influences others to translate vision into action

• Communication- Can articulately paint credible pictures & visions of possibilities and likelihoods

• Resilience- Deals effectively with pressure; remains optimistic and persistent, even under adversity. Recovers quickly from setbacks. On occasion required to take an unpopular stand

• Collaboration- Develops networks and builds alliances; collaborates across boundaries to build Capital relationships and achieve common goals. Influencing and negotiating across external stakeholders (regulators) as well as internal groups including LOB Risk teams, Corporate Treasury, GRRP, Audit & Compliance to drive execution

• Interpersonal Skills- Treats others with courtesy, sensitivity, and respect. Considers and responds appropriately to the needs and feelings of different people in different situations

• Leveraging Diversity- Fosters an inclusive workplace where diversity and individual differences are valued and leveraged to achieve the vision and mission of the organization. Exposure and involvement with Employee Engagement initiatives including supporting Diversity & Inclusion efforts

• Developing Others- Develops the ability of others to perform and contribute to the organization by providing ongoing feedback and by providing opportunities to learn through formal and informal methods

Key Requirements:

• Strong analytical skills, including both analysis of financial data and written reports

• 3-5 years of Treasury, Finance, Accounting or Risk Management experience. Note, Diverse backgrounds or experiences welcomed; however knowledge of capital rules and application of the rules and capital markets product knowledge a plus

• Proficiency with PowerPoint and Excel. Writes in a clear, concise, organized, and convincing manner for the intended audience

• Experience with SQL or other programming languages a plus. Role may require querying databases and/or building risk management dashboards

• Strong business-centric mindset with ability to utilize sound business judgment and tailor approach to drive optimal business outcomes

1st shift (United States of America)