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 an 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.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
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Job Description:
This job is focused on counterparty risk portfolio management and counterparty risk governance for the APAC region. Key work will involve related reporting, analysis and monitoring related to these risks. The role requires the person to work with other risk managers, front office sales and trading as well as other groups particularly Finance, Compliance, Legal and documentation. The person will also be involved in various New Products/Transaction reviews with a view to highlight risk and approve from a counterparty perspective.
Responsibilities:
- Identifies and monitors counterparty risk exposure and develops mitigation strategies and resolutions in accordance with the bank's risk appetite and risk limits identified, as well as regulatory requirements, as applicable
- Manages risk requests, breach remediations and providing risk effective challenges for front line units
- Sets managing risk parameters and guardrails, while ensuring adherence to risk appetite and limits, and actively designing risk scenarios to implement decisions
- Liaisons with businesses to understand market trends and impacts on portfolio, using knowledge of stress testing and its applicability to counterparty risk
- Ensures adherence to the policies and procedures established by the company
Required Skills:
- Analytical Thinking
- Critical Thinking
- Portfolio Analysis
- Risk Analytics
- Data and Trend Analysis
- Oral and written communication; presentation skills
- Issue Management