Reporting & Governance Sr. Analyst, Global Market Risk
Posted on: 13 Mar 2021
Jersey City, New Jersey
Job Description
Job Description:
Market Risk management serves as independent risk oversight of the Firms trading activities across the various trading desks and trading portfolios. The Global Market Risk Portfolio Analysis team within Market Risk is responsible for the implementation and management of cross-product processes and analysis to support the Global Markets business and senior Risk management. The team is seeking a highly motivated individual to assist the VP lead in the production and analysis of model-based capital figures such as VaR, SVaR, IRC and CRM for the Firms portfolios, including Total Firm and key legal entities, that will be used in key regulatory disclosures and internal reports.
The candidate will assist the lead in the front to back processes in the production of capital figures including helping to review and understand capital rules and ensuring accurate system implementation. The candidate will perform variance analysis and will develop an understanding of the market risk drivers that impact the various trading portfolios of the Firm.
Primary Responsibilities include:
* Participate in the production of capital reports (Daily, Monthly, Quarterly) along with variance analysis and ensuring timely delivery
* Assisting the VP lead in the 10K/Q and Pillar 3 Disclosure reporting with an emphasize on results analysis, including preparing summaries for senior risk management
* Reviewing and understanding capital rules, and helping to implement accordingly
* Liaising with technology and data partners to correct issues discovered as part of the portfolio analysis
* Automate processes where needed via APIs, including developing controls to help ensure integrity
* Maintain and develop documentation on processes where needed
* Fielding ad-hoc questions on the report from regulators, internal senior risk leaders, and audit partners
Required Job Skills:
* 1-2 years of experience in a related field
* Academic achievement in quantitative disciplines such as mathematics or statistics preferred
* Attention to detail
* Very high level of Microsoft Excel proficiency
* Ability to work in a fast-paced environment
* Intellectually curious with the ability to investigate and develop root cause analysis for portfolio changes and propose corresponding process or technology changes
* Adept at communication with ability to influence co-workers across our global team and all levels of the organization including escalation of issues
* Ability to aggregate and synthesize complex data from multiple sources
Desired Job Skills:
* Effective time management skills, with the ability to manage multiple high priority deliverables simultaneously
* Prior experience with market risk and traded products
* Experience with Python or other similar languages
* Experience with regulatory reporting, regulatory exams, and/or audit
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America
Charlotte, NC
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans.
This segment provides its products and services through approximately 4,300 financial centers; 16,300 ATMs; call centers; and digital banking platforms. The GWIM segment offers investment management, brokerage, banking, and trust and retirement products; and wealth management solutions targeted to high net worth and ultra high net worth clients, as well as customized solutions to meet clients’ wealth structuring, investment management, and trust and banking needs, including specialty asset management services.
The Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services.
The Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1874 and is headquartered in Charlotte, North Carolina.
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IndustryBanking/Financial Services
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No. of Employees205,000
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Website
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Jobs Posted2694
