CFO Global Markets Risk Manager

Enterprise Financial Risk (EFR) Overview
Enterprise Financial Risk (EFR) seeks to deliver effective independent risk management of the activities and processes associated with managing the Company’s capital, liquidity and interest rate risks, including price risk in the CFO managed securities portfolio. As the Chief Risk Officer (CRO) function covering the Chief Financial Officer (CFO) Group, we also bring together a holistic point of view across all seven risk types for the Company’s CFO.
The team helps Bank of America grow responsibly through developing our teammates, promoting a diverse and inclusive culture, and approaching our work with intellectual curiosity. EFR delivers its mission through a steadfast commitment to its values: cultivating diversity of thought and valuing different perspectives and experiences; promoting learning, fostering relationships and creativity; developing talent, advancing careers, and creating leaders within Global Risk Management and across the company. Our goal is to ensure that a healthy and sustainable liquidity, capital, and interest rate risk (IRR) profile is maintained through baseline economic scenarios, as well as during times of market and idiosyncratic stress.
EFR Team / Division: Interest Rate Risk (IRR) and CFO Price Risk
We are seeking a dynamic and driven individual to join our CFO Market Risk team to provide oversight and in depth market risk analysis on portfolios managed by the Treasury group. This is a rare opportunity to be at the forefront of managing and optimizing market risk strategies related to the firm’s Treasury portfolios. The individual will have exposure to senior leaders in the firm and opportunities to gain both broad and in-depth exposure to financial products across our lines of business ranging from sovereign debt, mortgage backed securities, FX swaps, interest rate swaps, repo market, equity derivatives, the list goes on. The role will be pivotal in driving the success of CFO Market Risk team, which is committed to fostering an inclusive and diverse work environment that encourages growth.
Role Summary: CFO Market Risk Manager
The ideal candidate has experience with quantitative-based analytic techniques and some familiarity with Capital Markets instruments such as bonds and interest rate derivatives. Experience with Asset and Liability Management strategies, Interest Rate Risk, and Liquidity Risk is also a positive. The candidate must demonstrate a combination of intellectual curiosity, quantitative skills, strategic and creative thinking, and strong written and oral communications skills.
Key Responsibilities

• Conduct comprehensive risk analysis of Corporate Treasury products, ensuring accurate identification and assessment of potential risks
• Collaborate with senior managers and executives to develop and enhance complex risk management strategies
• Create detailed reports and presentations that effectively communicate complex risk assessments to stakeholders at various levels within the organization
• Engage in regular risk assessment reviews, contributing valuable insights and recommendations to continually improve our risk management processes

Core Competencies

• Vision- Takes a long-term view and builds a shared vision with others; acts as a catalyst for organization change. Influences others to translate vision into action
• Communication- Can articulately paint credible pictures & visions of possibilities and likelihoods
• Resilience- Deals effectively with pressure; remains optimistic and persistent, even under adversity. Recovers quickly from setbacks. On occasion required to take an unpopular stand
• Collaboration- Develops networks and builds alliances; collaborates across boundaries to build relationships and achieve common goals. Influencing and negotiating across external stakeholders (regulators) as well as internal groups including LOB Risk teams, Corporate Treasury, GRRP, Audit & Compliance to drive execution
• Interpersonal Skills- Treats others with courtesy, sensitivity, and respect. Considers and responds appropriately to the needs and feelings of different people in different situations
• Leveraging Diversity- Fosters an inclusive workplace where diversity and individual differences are valued and leveraged to achieve the vision and mission of the organization. Exposure and involvement with Employee Engagement initiatives including supporting Diversity & Inclusion efforts

Key Requirements

• Background in Finance, Economics, Engineering, Computer Science, or a related field. Advanced degree or relevant certifications highly valued
• 3-4 years financial market experience required, with a good understanding of key risk metrics such as VaR desirable
• Strong analytical skills and a keen eye for detail, with the ability to interpret complex financial data and identify potential risks
• Understanding of Corporate Treasury financial products and the intricacies of market risk management
• Ability to communicate effectively and independently lead initiatives
• Proficiency in utilizing tools such as Bloomberg, Python, VBA, and/or SQL

Critical Success Criteria

• Deliver against the book of work for CFO Market Risk Management
• Ensure that we are providing appropriate monitoring and analysis that allow us to support high quality risk insights
• Connection to and execution of responsibilities of the independent risk function