What are the responsibilities and job description for the EFR Liquidity Risk Manager position at Bank of America?
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EFR Liquidity Risk Manager
Apply locations Boston time type Full time posted on Posted 4 Days Ago job requisition id 25003263
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.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Overview :
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 establishing risk management procedures and standards.
Responsibilities :
- Participates in establishing risk management procedures and standards
- Conducts 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 categories
- Ensures adherence to the policies and procedures established by the company
- Manages risk requests, breach remediations and providing risk effective challenges for front line units
- Develops risk management analyses, reports, and approval procedures and guidelines on risk limits by type of product and / or transaction
Managerial Responsibilities :
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.
Key Requirements :
Skills :
Shift : 1st shift (United States of America)
Hours Per Week : 40
About Us
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.
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