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!

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 establish 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
• Develops risk management analyses, reports, and approval procedures and guidelines on risk limits by type of product and/or transaction
• Work with the Reg Issues Portfolio Executive to enable the implementation of processes, policies, playbooks, and controls for management of Regulator Issues in accordance with bank policies
• Execute the regulator findings process through the lifecycle of a Regulatory Issue including managing day-to-day activities of regulatory management responses, engaging with business leaders, as well as second- and third-line partners to monitor and oversee remediation of regulator issues
• Escalate risks and concerns to the Reg Issues Portfolio Executive and have an in depth understanding of regulator issue status
• Establish proper connect points with Regulatory Relations, Issue Owners, Regulatory Issues Steering Council, as appropriate, to ensure timely execution of the regulator finding process
• Maintain required documentation for regulator issues in the appropriate system of record and ensure information is accurate and entered timely

Required Qualifications:

• 5+ years of experience in issue management or governance/strategic reporting roles
• Advanced understanding of issue management policies, standards, reporting and processes
• Proficiency with Excel Pivot table/Chart and PowerPoint
• Experience with reporting and data analysis, and problem-solving skills
• Attention to detail and ability to work with minimal supervision
• Strong personal drive, individual initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility
• Self-starter with excellent anticipation skills; problem solving; follow up
• Proven process design and project management skills

Skills:  

• Analytical Thinking 
• Critical Thinking 
• Collaboration 
• Oral Communications 
• Portfolio Analysis 
• Presentation Skills 
• Written Communications 
• Issue Management 
• Regulatory Compliance 
• Attention to Detail 

Shift:

1st shift (United States of America)

Hours Per Week: 

40