Model Risk Management Governance Executive

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!

The Model Risk Strategic Initiatives – Program Executive is responsible for building out a program management and strategic implementation framework, to provide enhanced oversight and delivery of strategic MRM programs that will continue to enhance the effectiveness of Model Risk’s processes and drive continue improvements.

This leader will engage with an extensive set of stakeholders and activities globally, both within Model Risk Management and also with key partners within Model Development and Control teams, to understand Model Risk processes end-to-end and drive effective and sustainable improvements.

Responsibilities

• Ability to lead strategic programs and projects across a range of disciplines (including delivery of large-scale technology solutions, platform / application automation and process re-engineering enhancements).

• Lead engagement across MRM and partner with key stakeholders industry forums to understand Model Risk requirements, frameworks and best practice.

• Lead the execution of the work through adopting a process-focused approach; understand, manage and improve processes end-to-end throughout the model development / validation / ongoing monitoring lifecycle.

• Lead the coordination and review of financials, personnel, and strategic pipeline reviews

• Communicate effectively with executive leadership and sponsors, providing informative updates and quantification of benefits to the Enterprise; effectively escalating risks, issues and decisions when appropriate.

• Ensure various working groups and one-on-one contacts with stakeholders are effectively managed and organized, including clarity across analysis requirements and inter-connected deliverables.

Skills and Experiences

• 10+ years of experience in financial services industry, program management or experience in a related field

• Proven delivery of Operational Excellence and a continuous improvement mindset

• Creative and analytical thinking skills - with ability to comprehend, document, evaluate and improve complex business processes

• Self-starter and ability to work a high degree of independence

• Proven ability to lead initiatives end-to-end independently and manage varied teams (both technical and non-technical business teams) to drive change and implement programs effectively and efficiently

• Superior written, verbal, presentation creation and delivery skills

• Strong organization and planning ability

• Experience of enterprise change policy and standards beneficial

Skills:

• Critical Thinking

• Decision Making

• Executive Presence

• Talent Development

• Issue Management

• Liquidity Management

• Oral Communications

• Performance Management

• Written Communications

• Analytical Thinking

• Change Management

• Fiscal Responsibility

• Presentation Skills

• Regulatory Compliance

Minimum Education Requirement: Bachelors or equivalent experience

Shift:

Hours Per Week: