Treasury Risk Management Specialist - AVP

  • Competitive
  • Dublin, Leinster, Ireland Dublin Leinster IE
  • Permanent, Full time
  • Bank of America Merrill Lynch
  • 21 Aug 18 2018-08-21

Treasury Risk Management Specialist - AVP

Job Description:
Corporate Title: Assistant Vice President (AVP)
Location: Dublin, Park Place
Line of Business: ECF

Our Dublin office has an opportunity available for a dedicated Risk Management Senior Specialist to work in our ECF area.

The Treasury and Control Function Risk (TCFR) team is responsible for the oversight of Liquidity risk, Interest Rate Risk in Banking Book and Capital risk.

For each of these risk types we lead the entity's Risk framework and perform second line of defence oversight of meaningful Treasury and Business activities, specifically:

  • Ensuring an appropriate Risk Framework is both designed and implemented
  • Leading the Risk Limit / Metric Framework, including Risk Appetite*
  • Handling the Risk relationship with regulators
  • Ongoing leaderships the Risk profile of the entity, including Business engagement
  • Ensuring meaningful Risks are appropriately included in Risk ID process

You will report to the head of the TCFR supporting these responsibilities. In addition you shall also engage in Enterprise wide TCFR initiatives in support of the global TCFR team.

What will your main responsibilities involve?

This is an excellent chance to build on initial experience gained in Risk, Treasury, Product Finance, or Business Analytics to gain
  • Holistic overview of Global Banking and FICC business models at a legal entity level
  • Broad exposure to all risk types including their links to Capital, with in-depth coverage of IRRBB and Liquidity & Capital Risks

You will have the opportunity to work across all aspects of the team supporting primary deliverables, with the career objective of building sufficient knowledge and experience to take ownership of a specific risk type (Liquidity, Capital or IRRBB). As the entity is entering a new regulatory jurisdiction, you will also be involved in the evolution of the legal entity's TCFR framework in conjunction with senior management and business partners, and the implementation of new Risk Appetite Statements and the Risk ID process.

In addition to the foundational work, the BAU activities across Liquidity Risk, Interest Rate Risk in Banking Book and Capital Risk will include:
  • Supporting the drafting of the relevant Risk Policies to the Board, via Management Risk Committee (MRC) and Board Risk Committee (BRC)
  • Provide analysis to assist the review and challenge of Internal Liquidity Stress Testing (ILST) assumptions prior to MRC
  • Own Risk Limit Framework
  • Support the calibration of limits and metrics
  • Raise limit breaches to local Risk and Business management and monitor resolution
  • Contributing to L-SREP process
  • Ongoing monitoring of Liquidity Risk, Capital and IRRBB reporting to understand changes to the risk profile, including engagement with Business to understand drivers of historic and future changes
  • Join Business led Risk ID sessions

What skills and qualifications will you ideally possess?

  • Good academic background, ideally in quantitative subjects

Essential Skills:
  • Demonstrable quantitative analysis experience in a Financial Institution,
  • Sound interpersonal skills, both written and oral
  • Ability to present complex topics concisely
  • Banking product knowledge, ideally also with exposure to FICC products

Desired Skills:
  • Experience of prudential issues, including exposure to the CBI and their approach to supervision would be helpful

  • An appetite to learn and challenge
  • Dedicated, with excellent analytical skills, with a focus on pragmatic solutions
  • Ability to handle expectations effectively
  • Knowledge of and interest in the evolving business and regulatory environment, and looking to become an in-depth SME in Liquidity, Capital or IRRBB

About Bank of America Merrill Lynch

Bank of America is one of the world's leading financial institutions, serving individual consumers, small- and middle-market businesses, large corporations and governments with a full range of financial and risk management products and services. Bank of America Merrill Lynch is the marketing name for the global banking and markets businesses.

The company has had a presence in EMEA since 1922. With offices in 23 countries on three continents, it offers an integrated and comprehensive set of products and services across Global Corporate and Investment Banking, Global Markets and Consumer Card, serving the needs of individual, corporate, institutional and government clients, combining the best of local knowledge and global expertise. Developing solutions for social and environmental challenges is at the core of Bank of America Merrill Lynch's responsibility platform. In more than 90 countries around the world, we partner with employees, clients and stakeholders to help make financial lives better.

If you're interested in this opportunity please send your details to us by applying online.

Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mindset are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.