EFR Liquidity Risk Manager

Company: Bank of America
Location: Boston
Posted on: February 10, 2025

Job Description:

EFR Liquidity Risk Manager page is loadedEFR Liquidity Risk ManagerApply locations Boston time type Full time posted on Posted 4 Days Ago job requisition id 25003263Job 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 Overview:This job is responsible for providing risk oversight and advice to the Line of Business (LOB) on risk management issues. Key responsibilities include identifying risks to which the LOB is exposed, implementing measures to prevent and mitigate losses, and monitoring risk outcomes. Job expectations may include the ability to recognize all risk categories including credit, market, operational and compliance, as well as directing risk staff or participating in establishing risk management procedures and standards.Responsibilities:

• Participates in establishing risk management procedures and standards
• Conducts execution of risk framework activities including independent monitoring and testing of controls and risk management processes for the Line of Business (LOB)
• Liaisons with businesses to understand market trends and impacts on portfolio, using knowledge of stress testing and its applicability to risk categories
• Ensures adherence to the policies and procedures established by the company
• Manages risk requests, breach remediations and providing risk effective challenges for front line units
• Develops risk management analyses, reports, and approval procedures and guidelines on risk limits by type of product and/or transactionManagerial 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: Models an inclusive environment for employees and clients, aligned to company D&I goals.
  • Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.
  • Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
  • Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
  • People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
  • Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
  • Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
  • Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.Key Requirements:
    • Intellectual curiosity and learning agility to accurately interpret, understand and evaluate a variety of risks across multiple risk types and interconnectivity between risk types
    • Strong technical and analytical skills (including both analysis of financial data and written reports)
    • Treasury, Markets Risk, Finance / Accounting or Risk Management experience. Note, Diverse backgrounds or experiences welcomed
    • Talks and writes in a clear, concise, organized, and convincing manner for the intended audience
    • Strong business-centric mindset with ability to utilize sound business judgment and tailor approach to drive optimal business outcomesSkills:
      • Analytical Thinking
      • Coaching
      • Critical Thinking
      • Liquidity Management
      • Collaboration
      • Oral Communications
      • Portfolio Analysis
      • 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: 40About UsBank of America is committed to help employees through the transition period when they're displaced as a result of a workforce reduction, realignment or similar measure.
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Keywords: Bank of America, Boston , EFR Liquidity Risk Manager, Executive , Boston, Massachusetts