Vice President; Risk Management Sr. Specialist

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Responsibilities

• Developing research and analysis techniques for a forward-looking view of financial risks in coordination with the EFR managers, including participating in 2nd line risk assessments and working groups with Treasury (to understand financial risk drivers).

• Establishing independent analytic capabilities to help address MRIA, MRA and auditing issues effectively.

• Partnering with Treasury to develop ad hoc management scenarios and sensitivity analysis of liquidity, interest rate, and capital risks; including developing sensitivity tools and monitoring.

• Analyzing underlying drivers of financial risks through both actual and modelled stress flows of liquidity, capital, and NII.

• Considering alternative or improved models/assumptions.

• Analysis to support the 2nd line financial risk metrics and analysis of 1st line financial risk models.

• Developing capital Risk-Weighted Assets calculators using Python and SQL.

• And combining both mathematical and technology skills with a focus on risk calculation.

• Leveraging the firm's primary development environments such as Python platform (Quartz) to analyze interest risk and price risk.

• Supporting EFR technology initiatives, providing business requirement document and supporting the implementation, testing and deployment of technology deliverables.

• Remote work may be permitted within a commutable distance from the worksite.

Required Skills & Experience

• Bachelor's degree or equivalent in Statistics, Computer Science, Engineering (any), or related: and 5 years of progressively responsible experience in the job offered or a related Quantitative occupation.

• Much include 5 years of experience in each of the following: Utilizing complex database systems for data querying and analysis, in-depth examination of datasets and critical insights into financial performance;

• Using programming languages including SQL, Python and Excel-VBA for process automation and report generation to optimize workflow and facilitate >

  Shift:

  1st shift (United States of America)

  Hours Per Week:

  40

  Pay Transparency details

  US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$188,200.00 - $198,200.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.