International Financial Risk Specialist

**Job Title**: International Financial Risk Specialist

**Corporate Title**:Up to VP

**Location**: Paris

**Company Overview**:
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

**Location Overview**:
Based in the 8th arrondissement and within the Parisian Golden Triangle, our beautiful Art-Deco era office benefits from luxury modern workspaces, an abundance of natural light and is easily accessible by public transport.

**The Team**:
You will be joining the Enterprise Financial Risk (EFR) group, which is responsible for delivering effective independent risk management of the activities and processes associated with managing the Bank’s capital, liquidity and interest rate risks (collectively “financial risks”). The EFR team is structured as a combination of Line of Business (LOB) and Legal Entity (LE) facing vertical teams, supported by horizontal teams primarily specialising in one of the three EFR areas. The advertised role sits in EFR’s International Legal Entity (ILE) vertical team, which is responsible for providing an independent assessment of Bank of America’s financial risks within non-US legal entities, branches, and lines of business to ensure the effective and efficient utilization of Bank of America’s international legal entity financial resources in compliance with local and US regulations.

The ILE team is responsible for overseeing the management of all three EFR risk types at the local entity level in concert with Horizontal specialists. This role will support the team in execution of the related risk program requirements.

**Role Description**:
Operating within the Risk Framework, the role is to act as a representative of the broader Enterprise Financial Risk organisation in Paris, primarily covering the firm’s core European Union Broker Dealer entity, Bank of America Securities Europe, as well as providing cross regional support to the other EMEA ILE teammates in Dublin and London where needed.

As part of the Legal Entity team, you will assist in providing effective review & challenge across the three EFR risk types and providing risk insights to local stakeholders (Chief Risk Officer, CFO group, local senior management and regulators) as well as the EFR management team.

Key components of the financial risk management program include:

- appropriate risk identification across Lines of Business activities.
- contribution to, as well as review & challenge of, key local regulatory deliverables.
- research and analysis to support production of periodic governance reporting and topical deep dives. Establishment and maintenance of risk monitoring processes including implementation and ongoing calibration of limits and metrics including Board Level Risk Appetite Limits for the entity.
- contribute to ongoing maintenance of core risk program elements such as Risk policies, Financial & Contingency Funding Plans, New Product Reviews, etc.
- assisting with internal audits and regulatory exams and managing related issues when they arise.

This role reports functionally to the International EFR Executive with a local reporting line into the Head of Legal Entity EFR for the Paris office.

**Responsibilities**:

- Act as a trusted partner with local risk teams, global EFR teammates and local 1st & 2nd line teams.
- Support the effective review and challenge of business and CFO activities in relation to financial risk generation and control.
- You will be responsible for entity specific metrics (metric population, limit calibration, ongoing monitoring). Escalate to senior stakeholders as appropriate.
- Contribute to regulatory deliverables (ICAAP, ILAAP, recovery plans, Funding and Liquidity Management Strategy) as appropriate, and provide a Risk POV to local governance bodies.
- Assist with Liquidity and IRR policies refreshes and support presentation to the Board. Also assist in enforcing the requirements in said policies.
- Contribute to various local and global activities and communications, including weekly updates, team