Counterparty Credit Risk Specialist - Jersey City, United States - Bank of America

Bank of America

Verified Company

Jersey City, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.

Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world.

We're devoted to being a diverse and inclusive workplace for everyone.

We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference.

Join us

The Financial Market Utility (FMU) Risk Team is committed to responsibly managing the governance and risk oversight for all Bank of America's FMU memberships and for monitoring compliance with laws, rules and regulations outlining the Bank's responsibility for managing Risk to FMUs.

FMUs are multilateral systems or infrastructures used for transferring, recording, clearing and settling payments, securities, derivatives and other financial transactions or instruments.

Examples of FMUs include the Depository Trust Corporation (DTC) a Central Securities Depository and CLS Bank International, a Payment System.

Demonstrate a keen interest in financial markets and risk management
Have strong analytical and presentation skills using Microsoft Office suite
Strategically develop and foster communication across the organization
Be able to work independently as well as participating in a crossfunctional team environment
Excel at working in a fastpaced environment and demonstrate an ability to navigate new systems and processes quickly

The team is responsible for a diverse body of work concentrated on effectively managing risk for all FMU relationships.

As part of this team you will be responsible for:

Risk management oversight for a portfolio of direct/indirect FMU memberships, and coordinating holistic reviews of FMU due diligence
Working with global business partners to bring FMU related initiatives through Risk governance committees
Tracking and escalating risk issues, including operational outages, impacting FMU activities
Identifying and remediating FMU risk management gaps, and contributing to the remediation of existing Issues and Initiatives
Ensuring compliance with regulatory requirements around FMU risk management
Engaging and fostering a network of stakeholders across all major lines of business, such as Global Markets, Global Transaction Services, Corporate Treasury, working with control partners in Compliance & Operational Risk, Global Technology and Operations and Legal

Required Qualifications:

Strong oral and written communications skills to support periodic reporting requirements
Ability to collaborate with broad group of internal stakeholders
Ability to document decisions and maintain accurate records
Intellectual curiosity and willingness to challenge the status quo

Desired Qualifications: