Sr. Liquidity Risk Executive
Company: Disability Solutions
Location: Charlotte
Posted on: October 16, 2024
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!Job Description:Responsible for providing risk
oversight and advice and counsel to the LOB. Establish risk
management policies, limits, standards, controls, metrics and
thresholds within the defined corporate standards. Ability to
recognize all risk categories including credit, market, operational
and compliance and bringing appropriate risk expertise as needed.
Accountable for conducting execution of risk framework activities
including, but not limited to, independent monitoring and testing
of controls and risk management processes for the LOB. Establish
and oversee the risk management governance structure for the LOB.
May direct risk staff in establishing risk management procedures
and standards, developing risk management analyses and reports,
developing approval procedures and guidelines on risk limits by
type of product and/or transaction, and in establishing management
and administrative procedures to ensure adherence to
policies.Managerial Responsibilities:This position may also have
responsibilities for managing associates. At Bank of America, all
managers at this level demonstrate the following responsibilities,
in addition to those specific to the role, listed above.
- Diversity & Inclusion Champion: Breaks down barriers to create
a more inclusive environment that supports company D&I
goals.
- Manager of Process & Data: Challenges end-to-end process
efficiency and effectiveness, champion data driven decision-making
and removes obstacles to optimize operations.
- Enterprise Advocate & Communicator: Contributes to enterprise
strategy and influence messaging to connect team contributions to
business purpose, results, and success.
- Risk Manager: Inspects and challenges risk controls, governance
and culture to ensure the timely identification, escalation, debate
and remediation of risk across the organization.
- People Manager & Coach: Coaches to sustain and elevates
organizational performance while differentiating to ensure pay for
performance.
- Financial Steward: Efficiently allocates and manages resources
across the organization to drive short and long term
profitability.
- Enterprise Talent Leader: Inspects and manages the health of
the bench to ensure succession for the organization, while
supporting enterprise talent needs.
- Driver of Business Outcomes: Mobilizes organizational resources
to deliver the full range of the bank's capabilities to meet client
needs and to gain competitive advantage.Risk Management seeks a
Senior Liquidity Risk Executive to oversee independent review and
testing of models used to monitor and mitigate liquidity and
funding risks in the Bank. The position holder would be responsible
to:
- Lead a team of highly skilled professionals and providing
thought leadership on liquidity risk in various products and
business lines of Bank of America,
- Analyze multiple products/portfolios and provide insights to
the Treasury team, with knowledge of end-to-end treasury processes,
related regulations, and complex data delivery involving multi
system platforms,
- Effectively collaborate with Treasury team to communicate risk
findings and working with them to build robust controls for
effective liquidity risk management.Required Qualifications:
- Master's Degree with experience in working large banking
institutions preferred.
- Typically requires 7-10 years experience in liquidity risk
management with proven leadership abilities.
- Regulatory compliance and governance through internal policies
and guidelines is a significant component of the role.Skills:---
Critical Thinking--- Decision Making--- Executive Presence---
Talent Development--- Issue Management--- Liquidity Management---
Oral Communications--- Performance Management--- Written
Communications--- Analytical Thinking--- Change Management---
Fiscal Responsibility--- Presentation Skills--- Regulatory
ComplianceShift:1st shift (United States of America)Hours Per Week:
40Pay Transparency detailsUS - NY - New York - ONE BRYANT PARK -
BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay
range$165,000.00 - $290,000.00 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 , Sr. Liquidity Risk Executive, Other , Charlotte, North Carolina
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