Bank of America GWIM Market Risk Officer in Boston, Massachusetts

Job Description:

Position Description:

Support independent risk oversight of the Global Wealth & Investment Management (GWIM) Chief Investment Office (CIO) through:

o Investment exposure data capture, analysis and reporting, including timely reporting of market sensitive risk exposures to senior leadership

o Interface with technology team to maintain GWIM exposure reporting system

o Providing support for regulatory requests

o Measuring, monitoring and independently assessing risks in investment activities across GWIM CIO including, but not limited to:

Investment selection process (including internal strategies and third party managers)

Investment performance analysis

Investment performance attribution

Use of models within GWIM CIO

o Escalation of issues/concerns to senior leadership and providing actionable insight

o End-to-end ownership of routine and ad-hoc risk assessments

o Collaboration with Front Line Unit (FLU) Business partners, Legal, Compliance and other Control partners

o Evidencing credible ongoing oversight and challenge to the business through participation in governance forums, documentation of Challenges and Risk Identified Audit Issues

Enterprise Role Overview:

The Market Risk Officer position requires detailed knowledge and experience with the portfolio and product set to provide market risk management oversight and portfolio analysis. This market risk officer is a junior level position and receives guidance from the Market Risk Manager.

Required Skills:

Bachelor's degree in a quantitative or business field or equivalent, MBA Preferred

Advanced Excel skills

Experience with SQL and working with large databases. Able to quickly learn basic Access and SQL

Experience with any Business Intelligence software such as Cognos, Tableau, etc.

Basic probability and statistics; data-mining skills (e.g., regression, multivariate and time series analysis)

Technology and Platform (PIERCE, PACE, Trading platform, etc.) knowledge. Experience working with Bloomberg Professional, Morningstar Direct preferred

Broad knowledge of financial products esp. in Wealth Management; Broad-based investment knowledge/portfolio construction

Interest in Capital Markets, Asset Management, Macroeconomics, Financial Institutions

Project management experience, particularly in the development of models or analytic processes

Posting Date : 01/04/2017

Location : US-MA-Boston, US-NY-New York

Travel : No

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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