Head of Risk Monitoring

Bank Of America Risk Management PositionAt 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.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!This job is responsible for providing risk oversight and advice to the Line of Business (LOB) on risk management issues. Key responsibilities include identifying risks to which the LOB is exposed, implementing measures to prevent and mitigate losses, and monitoring risk outcomes. Job expectations may include the ability to recognize all risk categories including credit, market, operational and compliance, as well as directing risk staff or participating in establish risk management procedures and standards.Responsibilities:Participates in establishing risk management procedures and standardsConducts execution of risk framework activities including independent monitoring and testing of controls and risk management processes for the Line of Business (LOB)Liaisons with businesses to understand market trends and impacts on portfolio, using knowledge of stress testing and its applicability to risk categoriesEnsures adherence to the policies and procedures established by the companyManages risk requests, breach remediations and providing risk effective challenges for front line unitsDevelops risk management analyses, reports, and approval procedures and guidelines on risk limits by type of product and/or transactionCore 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 actionCommunication- Can articulately paint credible pictures & visions of possibilities and likelihoodsResilience- Deals effectively with pressure; remains optimistic and persistent, even under adversity. Recovers quickly from setbacks. On occasion required to take an unpopular standCollaboration- Develops networks and builds alliances; collaborates across boundaries to build Capital 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 executionInterpersonal Skills- Treats others with courtesy, sensitivity, and respect. Considers and responds appropriately to the needs and feelings of different people in different situationsDeveloping Others- Develops the ability of others to perform and contribute to the organization by providing ongoing feedback and by providing opportunities to learn through formal and informal methodsRequirements Qualifications:Strong analytical skills, including both analysis of financial data and written reportsKnowledge of SEC broker dealer net capital rules and/or FINRA rules8-12 years of Treasury, Finance, Accounting or Risk Management experienceProficiency with PowerPoint and Excel. Writes in a clear, concise, organized, and convincing manner for the intended audienceStrong business-centric mindset with ability to utilize sound business judgment and tailor approach to drive optimal business outcomesSkills:Analytical ThinkingCoachingCritical ThinkingLiquidity ManagementCollaborationOral CommunicationsPortfolio AnalysisPresentation SkillsWritten CommunicationsIssue ManagementMonitoring, Surveillance, and TestingRegulatory ComplianceTechnical DocumentationTrading StrategyShift: 1st shift (United States of America)Hours Per Week: 40Pay Transparency detailsUS - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range $115,000.00 - $184,500.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible. This 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.