Vice President; Risk Management Sr. Specialist

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 and providing a culture of caring is core to how we drive Responsible Growth.

We foster an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success.

• Developing research and analysis techniques for a forward-looking view of financial risks in coordination with the EFR managers, including participating in 2nd line risk assessments and working groups with Treasury (to understand financial risk drivers).
• Establishing independent analytic capabilities to help address MRIA, MRA and auditing issues effectively.
• Partnering with Treasury to develop ad hoc management scenarios and sensitivity analysis of liquidity, interest rate, and capital risks; including developing sensitivity tools and monitoring.
• Analyzing underlying drivers of financial risks through both actual and modelled stress flows of liquidity, capital, and NII.
• Considering alternative or improved models/assumptions.
• Analysis to support the 2nd line financial risk metrics and analysis of 1st line financial risk models.
• Developing capital Risk-Weighted Assets calculators using Python and SQL.
• And combining both mathematical and technology skills with a focus on risk calculation.
• Leveraging the firm's primary development environments such as Python platform (Quartz) to analyze interest risk and price risk.
• Supporting EFR technology initiatives, providing business requirement document and supporting the implementation, testing and deployment of technology deliverables.
• Remote work may be permitted within a commutable distance from the worksite.

• Bachelor's degree or equivalent in Statistics, Computer Science, Engineering (any), or related, and 5 years of progressively responsible experience in the job offered or a related Quantitative occupation.
• Much include 5 years of experience in each of the following:
  Utilizing complex database systems for data querying and analysis, in-depth examination of datasets and critical insights into financial performance.
• Using programming languages including SQL, Python and Excel-VBA for process automation and report generation to optimize workflow and facilitate data-driven decision making.
• Creating insightful and dynamic reports and enhancing analytical capabilities using data visualization and analytical tools.
• Designing and implementing dashboards via Tableau, Alteryx and Python DASH library to support visualization of analytical data.

1st shift (United States of America)

40

Pay range $ - $ annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible. This 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.

This 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.