Bank of America GWIM Market Risk Officer in Boston, Massachusetts
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.
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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