EFR Global Markets Risk Sr Manager - IRR

Company: Disability Solutions
Location: Charlotte
Posted on: April 13, 2025

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!Job Description:This job is responsible for the local and/or global management and direction of applicable market related risk management functions within a specific product area. Key responsibilities include monitoring and adhering to market risk management policies, procedures, and standards, and implementing new/complex product approval processes, analysis of model risk, analysis and reporting of market risk, distributing the market risk reports, and interfacing with the trading desk and other risk and support groups (i.e., Compliance, Finance, Operations, etc.).Responsibilities:

• Provides oversight of identification of market risk exposures and mitigation strategies and resolutions in accordance with the bank's risk appetite and risk limits identified, as well as regulatory requirements, as applicable
• Provides oversight of risk requests, breach remediations and providing risk effective challenges for front line units
• Oversees development of market risk coverage plans, execution of monitoring, testing and risk assessments, and market risk reporting for specific products
• Liaisons with businesses to understand market trends and impacts on portfolio, using knowledge of stress testing and its applicability to market risk
• Ensures adherence to the policies and procedures established by the companyRequired Skills:
  • Background in Finance, Engineering, Math, Statistics or Computer Science
  • 3-4 years' experience with industry standard Interest Rate Risk measures such as Earnings at Risk (EaR) and Economic Value of Equity (EVE)
  • Experience with duration modeling approaches for banking products such as loans and deposits as well as traded products such as mortgage backed securities
  • Ability to communicate effectively with senior stakeholders and independently lead initiativesSkills:
    • Analytical Thinking
    • Critical Thinking
    • Portfolio Analysis
    • Risk Analytics
    • Collaboration
    • Decision Making
    • Oral Communications
    • Presentation Skills
    • Written Communications
    • Issue Management
    • Monitoring, Surveillance, and Testing
    • Regulatory Compliance
    • Technical Documentation
    • Trading StrategyShift:1st shift (United States of America)Hours Per Week: 40Pay Transparency detailsUS - NJ - Jersey City - 525 Washington Blvd (NJ2525), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$138,000.00 - $215,500.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

Keywords: Disability Solutions, Charlotte , EFR Global Markets Risk Sr Manager - IRR, Executive , Charlotte, North Carolina