EFR Global Markets Risk Sr Manager - IRR
Bank of America
EFR Global Markets Risk Sr Manager - IRR
Charlotte, North Carolina;Jersey City, New Jersey; New York, New York
**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.
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**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 company
**Required 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 initiatives
**Skills:**
+ 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 Strategy
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
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