Risk Management Sr Specialist

Charlotte, NC, United States

Risk Management Sr Specialist page is loaded Risk Management Sr Specialist Apply locations Charlotte time type Full time posted on Posted 2 Days Ago job requisition id 24010312 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 assisting in providing risk oversight and advice to the Line of Business (LOB) on risk management issues. Key responsibilities include monitoring and adhering to risk management policies, limits, standards, controls, metrics, and thresholds within the defined corporate standards, assisting in conducting execution of risk framework activities including independent monitoring and testing of controls and risk management processes for the LOB. Job expectations include the ability to recognize all risk categories including credit, market, operational, and compliance.

The Special Assets Group (SAG) is a risk management function whose primary objective is to manage commercial distressed assets by executing resolution strategies focused on reducing the volatility and severity of losses and, when possible and appropriate, to maximize revenue and growth opportunities through rehabilitation and retention of existing client relationships.

The SAG Business Support & Controls team is seeking a Risk Management Sr Specialist to provide operational/business support for all functional areas within SAG. The ideal candidate will be responsible for managing routine deliverables and executing diverse operational and administrative functions, requiring a comprehensive understanding of SAGs functional operations.

Responsibilities:

Assists in establishing and overseeing the risk management governance structure for the Line of Business (LOB)

Assists in conducting execution of risk framework activities including monitoring and testing of controls and risk management processes for the 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.

Supports the management of risk requests, breach remediation and providing risk effective challenges for front line units.

Provide business management support for all functional areas within SAG.

Monitor and test SAG controls/metrics, identifying issues and improvements for remediation.

Provide support for regulatory and audit examinations including, coordinating efforts to prepare for and successfully navigate regulatory audits and examinations, ensuring compliance with relevant regulations, and facilitating the fulfillment of audit requirements.

Conduct compliance and operational risk assessments, identifying potential areas of non-compliance or operational risk and recommending appropriate mitigating actions.

Oversee ad-hoc and special projects from planning to completion, ensuring they align with the strategic goals, are delivered on time, and meet the specified objectives.

Required Qualifications:

5+ years’ experience in financial industry, preferably credit or risk

1+ years’ experience in Project Management

Proficient in Microsoft Office suite, with advanced skills in Excel and PowerPoint

Desired Qualifications:

Strong verbal and written communication skills and relationship building skills, with ability to communicate to all levels of internal partners and leadership to gather/convey relevant information.

Strong analytical skills and high quality of attention to detail, with ability to analyze data and trends to support performance enablement.

Highly organized and able to lead multiple priorities, proactively anticipate problems and execute solutions.

Proactive self-starter, motivated and with an aptitude to learn quickly under pressure in a fast-paced environment with the ability to manage within tight deadlines.

Ability to adapt to changing priorities and business needs while maintaining a high level of accuracy and attention to detail.

Strong understanding of commercial banking laws, rules and regulations including internal Bank policies/standards.

Support senior executive management with creating communication plans, resource strategy, initiative planning, etc.

Create presentations/documents on key strategic initiatives and be able to showcase the work performed to a Senior Management audience.

Skills:

Critical Thinking

Analytical Thinking

Portfolio Analysis

Credit and Risk Assessment

Oral Communications

Presentation Skills

Written Communications

Decision Making

Technical Documentation

Monitoring, Surveillance, and Testing

Project Management

Change Management

Regulatory Compliance

Active Listening

Shift:

1st shift (United States of America) Hours Per Week:

40 Similar Jobs (1) Risk Management Specialist locations 2 Locations time type Full time posted on Posted 30+ Days Ago

Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure. Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity.

Regardless of the position you are interested in, the starting points to building your resume are the same:

1. Determine the job or types of jobs you want to do and research their responsibilities and qualifications.

2. Think about why you can do the job and make a list of your skills that are relative to the job.

3. Identify experiences or accomplishments that show your proficiency in the skills required for the job.

4. Summarize your abilities, accomplishments and skills into a brief, concise document.

Considerations when writing a resume

• Do be brief. Resumes should be 1-2 pages in length.

• Do be upbeat and active in your wording.

• Do emphasize what you have done clearly and concretely.

• Do be neat and well organized.

• Do have others proofread and critique your resume. Spell check. Make it error free.

• Do use high quality, white or light colored 8½ x 11 paper. Use a laser printer if possible.

• Don't be dishonest, always tell the truth about yourself in the most flattering light.

• Don't include salary history or requirements.

• Don't include references.

• Don't include accomplishments that do not support your professional goals.

• Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.)

• Don't use italics, underlining, shadows or other fancy treatments.

Seven steps to a successful interview

1. Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview?

2. Research –What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available?

3. Assess –Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight.

4. Prepare Answers –Think about what the interviewer may ask, determine what the best answer is and write it down.

5. Prepare Questions – Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks.

6. Practice – It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease.

7. Follow-up – Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage.

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