Market Risk Auditor

@ Bank of America

About Bank of America

At Bank of America, we are guided by a common purpose to help make financial lives better through every connection. We drive Responsible Growth, support our teammates' wellness and performance, and impact communities every day.

Role Overview

The Market Risk Auditor role focuses on auditing market risk and valuation processes with a risk-based approach. As part of the global Market Risk Audit team, you will design and execute test programs, assess control environments, and communicate evidence-based conclusions to senior management and regulators.

Responsibilities

• Assess control environment effectiveness in market risk measurement and valuation.
• Perform technical analyses and prepare concise audit reports.
• Design and execute risk-based test programs.
• Develop and maintain independent stakeholder relationships.
• Collaborate with Global Markets, Model Risk, and Technology Audit teams globally.
• Enhance testing programs using new technologies and AI.

Required Qualifications

• 5-8+ years experience in risk management, trading, or audit roles.
• Expertise in traded market price risk and valuation.
• Strong communication skills with both first and second line audiences.
• Solid knowledge of financial instruments, derivatives, and market risk measures.
• Ability to produce high quality technical documentation and presentations.

Desired Qualifications

• Advanced quantitative degree and/or relevant computational skills.
• Hands-on programming experience in Python, R, or C++/C#.
• Understanding of market risk capital regulations and standards.

Work Environment

This role is based on an in-office culture with specific attendance requirements, ensuring a collaborative environment.

Key skills/competency

Market Risk, Audit, Valuation, Risk Management, Financial Instruments, Quantitative Analysis, Stakeholder Engagement, Compliance, Technical Analysis, Programming