Global Risk Development Program (GRMAP) - 2023
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At Bank of America, we value being a Great Place to Work®. We recognize that talented, engaged and satisfied employees are the foundation to help make the financial lives of our customers and clients better.
Bank of America provides a diverse range of banking and nonbanking financial services and products domestically and internationally in more than 35 countries . Global Risk Development Program Overview:
The Global Risk Development Program will introduce you to Bank of America and the Global Risk Management (GRM) group. GRM is an enterprise control function that provides independent risk management for Bank of America. GRM's function is to ensure the company pursues its responsible growth strategy through strong risk management practices while deploying its capital appropriately to support business activities and maximize shareholder value. GRM oversees the company's governance and strategy for global risk management, including relationships with key regulators and supervisory institutions worldwide.
Our culture of accountability and compliance requires that all employees comply with relevant laws, regulations, ethical standards, and internal policies and procedures. As a Global Risk Analyst, you will be offered a curriculum that focuses on the management of our seven types of risk - strategic, market, credit, compliance, liquidity, operational, and reputational- to build a strong platform to launch your career.
Your training and development is our top priority with extensive formal training offered at the start of the program in addition to on-the-job support, events, and mentorship throughout. These opportunities include but are not limited to:
A Day in the Life
- Bank-provided trainings focused on Credit Risk and Regulators, Data Literacy, Market Risk Management, and more
- Peer Mentorship Program
- Enterprise Executive Speaker Series
- Diversity & Inclusion Employee Networks - LEAD for Women, Black Professional Group, LGBT+ Pride, and more
- Continuous Educational Speakers and Events
- Networking Events
- Community Service Opportunities
The Global Risk Development Program is a two-year development program in which participants rotate through two, one-year rotations across the Risk enterprise. In this capacity, analysts partner with our business groups to help teams make critical business decisions to mitigate risk on a daily basis.
Primary analyst responsibilities may include but are not limited to:
Global Risk Opportunities
- Implementing and maintaining appropriate risk management principles and policies, internal controls and processes designed to identify and mitigate risks
- Establishing and regularly updating a comprehensive risk management framework to identify, measure, monitor and control all aspects of risk
- Analyzing and reviewing market movements for front line partners
- Ensuring that appropriate and effective risk management processes are in place throughout the company
- Presenting regulatory and reputational advice and findings to senior leaders
- Networking with risk executives and key stakeholders to cultivate meaningful relationships across various lines of business
- Promoting a culture across the company where risk management is viewed as vital to achieving responsible growth
The Global Risk Development Program assigns analysts to teams across all seven types of risk. Rotational opportunities include positions supporting various business groups, such as the below:
o Global Compliance and Operational Risk
o Global Market & Finance Risk
o Enterprise Credit Risk
o Global Climate Risk
o Enterprise Independent Testing
o Regulatory Relations, Governance, and Strategy
o Consumer Banking & Wealth Management Risk
*Team assignments are developed based on business need and aligned to skillset and therefore cannot be guaranteed. Qualifications
- Candidates are required to be pursuing an undergraduate degree from an accredited college or university. Eligible candidates must have a graduation timeframe between December 2022 and June 2023.
- GPA of 3.2 or higher is preferred
- Common areas of study include but are not limited to:
o Supply Chain
o Public Policy
o Business Administration
o Political Science/Legal
o Other related fields
- Candidates should possess a high level of intellectual curiosity, a drive for operational excellence, and a commitment to achieving sustainable results. Students should also hold strong academic skills and technical skills in Microsoft Office. Additionally, candidates should show proficiencies in leadership, teamwork, problem solving & analytical skills, verbal and written communication, and professionalism.
- Bank of America is unable to consider candidates that will require visa sponsorship now, or in the future, for this specific role.
- Bank of America does not complete third party forms from colleges, universities, or other parties.