Strategic Risk Management Leader

Bank of America; Newark (NJ); On-site; USD 120,000 - 160,000; Full time

Job summary

Bank of America is seeking an experienced risk leader responsible for providing risk oversight, policy development, and governance for a major line of business. The role emphasizes controls, monitoring, and escalation to ensure risk limits are met and risk frameworks are adhered to across credit, market, operational, and compliance areas.

The position includes advising front-line units, influencing risk culture, and managing associates as needed.

Qualifications

• 10+ years experience in Global Risk Management, Control Function or Credit.
• Proven project management experience.
• Strong written and verbal communication skills.
• Ability to build effective business partnerships and executive presence.

Responsibilities

• Oversees risk management procedures and standards for the line of business.
• Guides execution of risk framework activities, including independent monitoring and testing of controls.
• Analyzes market trends and stress testing implications across risk categories.
• Ensures compliance with company policies and risk limits.
• Provides risk insights, reports, and approval guidelines for various products/transactions.

Skills

Critical Thinking

Decision Making

Executive Presence

Talent Development

Issue Management

Liquidity Management

Oral Communications

Performance Management

Written Communications

Analytical Thinking

Change Management

Fiscal Responsibility

Presentation Skills

Regulatory Compliance

Job description

Bank of America is seeking an experienced risk leader responsible for providing risk oversight, policy development, and governance for a major line of business. The role emphasizes controls, monitoring, and escalation to ensure risk limits are met and risk frameworks are adhered to across credit, market, operational, and compliance areas.

The position includes advising front-line units, influencing risk culture, and managing associates as needed.