Risk Management Sr Specialist - Enterprise Risk Identification / Risk Appetite

Bank of America seeks a Risk Management Sr Specialist for Enterprise Risk Identification/Risk Appetite in Atlanta, GA. The role involves enhancing reporting and analysis for senior management, producing regulatory reports, and ensuring compliance with policies. The position focuses on identifying and managing risks across the organization, supporting strategic and capital planning. The company emphasizes an in-office culture with some flexibility based on specific role requirements.
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 is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

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

Role Overview:

The Risk Specialist works under senior management and with other team members to implement enhancements to reporting and analysis packages for senior management forums and committees plus the implementation of improved reporting and data mining tools and metrics. May produce external analysis such as regulatory and economic risk capital reports and owns the data inputs. Produces regularly scheduled reports which may include stress and back testing and responds to ad hoc reporting and analysis requests. Works to implement enhancements to senior management information. Ensures that policies, procedures and desk reviews are up to date. Assists with the coordination of Audit and Regulatory reviews and compilation of materials. Administers core processes plus the applications and/or documentation that supports them.

The Enterprise Risk Identification (Risk ID) and Enterprise Risk Appetite (ERA) team, part of the Global Risk Management (GRM) organization, is responsible for overseeing the execution of critical enterprise-wide programs that represent foundational elements of company's Risk Framework. Additional information on these programs as follows:
• The identification of risks is the first step in sound, proactive risk management, and is the starting point for the company's strategic and capital planning processes. The primary objective of the Risk ID program is to create a holistic view of risks facing the organization across all FLUs and Control Functions (CFs). The Risk ID team is the custodian of the Enterprise Risk inventory and coordinates the quarterly refresh process partnering with stakeholders from FLUs, CFs and GRM. The Risk ID team is also responsible for analysis of the inventory for consistency or harmonization opportunities across the various FLU / CF inventories and across risk types. Additionally, the team solicits feedback from subject matter experts to help inform considerations and guidance on emerging risks (e.g., regional banking crisis, climate change, etc.).
• The company's risk appetite indicates the amount of capital, earnings or liquidity we are willing to put at risk to achieve our strategic objectives and business plans, consistent with applicable regulatory requirements. The ERA program provides a common framework that includes a set of measures to assist senior management and the board of directors in assessing the company's risk profile against our risk appetite and risk capacity. The ERA team manages the company's Risk Appetite Statement and coordinates across Front-Line Units (FLUs) and GRM to develop both qualitative statements and quantitative limits that describe our approach to managing risks and indicate the amount of risk we are willing to take for given metrics. The ERA team is also responsible for the annual refresh, quarterly reporting of limits to the boards of directors, and providing a clear path for escalation of breaches.

This role will support the execution of Risk Appetite board and management reporting, data management and the development and maintenance of analytical tools to aid in metric analysis. This role will also help build and foster relationships across GRM and the FLUs / CFs while driving process efficiency and effective program execution. Qualified candidates will demonstrate intellectual curiosity, exercise sound judgment, and seek operational excellence opportunities.

Responsibilities:
• Assist in producing various board reports to both internal and external stakeholders
• Support ensuring adherence to various data / reporting policies and standards
• Participate in the development and maintenance of analytical tools to provide senior leaders visibility into metric details
• Support team leads in the Risk appetite annual calibration process

Required Qualifications:
• 2+ years of financial industry or risk experience, including knowledge of general bank policies, programs, and procedures
• Excellent written / verbal communication skills with attention to detail, including accuracy and consistency
• Strong analytical skills and ability to effectively challenge or identify limitations and assumptions

Desired Qualifications:
• Strategic Thinking
• Drives Engagement
• Detail Oriented
• Problem Solving
• Continuous Improvement
• Presentation Skills
• Active Listening
• Technical Proficiency (MS Word, Excel, PowerPoint, SharePoint and Conferencing tools)
• Effective Team Player and Sole Contributor

Skills:
• Analytical Thinking
• Critical Thinking
• Portfolio Analysis
• Oral Communications
• Presentation Skills
• Technical Documentation
• Written Communications
• Regulatory Compliance

Shift:
1st shift (United States of America)

Hours Per Week:
40