Risk Management Exec I

Bank of America - Charlotte, NC

Full-time - Senior

Charlotte, NC

Credit Intermediation and Related Activities

About the position

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! This position is responsible for providing risk oversight and advice and counsel to the Line of Business (LOB). You will establish risk management policies, limits, standards, controls, metrics, and thresholds within the defined corporate standards. The ability to recognize all risk categories including credit, market, operational, and compliance is essential, as is bringing appropriate risk expertise as needed. You will be 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. Additionally, you will establish and oversee the risk management governance structure for the LOB. As a manager, you 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. This role also includes responsibilities such as being a Diversity & Inclusion Champion, managing processes and data, advocating for the enterprise, and being a financial steward. You will mobilize organizational resources to deliver the full range of the bank's capabilities to meet client needs and gain competitive advantage.

Responsibilities

• Provide risk oversight and advice to the Line of Business (LOB).
• Establish risk management policies, limits, standards, controls, metrics, and thresholds.
• Conduct independent monitoring and testing of controls and risk management processes for the LOB.
• Establish and oversee the risk management governance structure for the LOB.
• Direct risk staff in establishing risk management procedures and standards.
• Develop risk management analyses and reports, and approval procedures on risk limits.
• Ensure adherence to risk management policies and procedures.

Requirements

• 10+ years of experience in the financial services industry or a related field.
• Demonstrated ability to engage and communicate at the executive level.
• Establish and maintain collaborative partnerships and provide thought leadership.
• Significant business knowledge of risk management and regulatory interactions.
• Strong analytical and organizational skills with attention to detail.
• Excellent written and verbal communication skills.
• Strong horizontal and vertical leadership skills in a matrixed environment.
• Ability to attract, retain, and develop top talent.

Nice-to-haves

• Experience in a highly matrixed environment within Global Risk.
• Ability to challenge the status quo and implement changes effectively.

Benefits

• Competitive benefits to support physical, emotional, and financial well-being.
• Opportunities for learning and career growth.
• Flexible working arrangements.