"Alerted.org

Portfolio Delivery Manager

Jersey City, New Jersey

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This job is responsible for leading a team to maximize the value delivered through multiple programs and/or value streams within a small, less complex delivery portfolio. Key responsibilities include managing and developing the team through coaching, mentoring and feedback, aligning strategy, and execution by applying Lean and systems thinking approaches to strategy, investment funding, portfolio operations, and governance. Job expectations include managing the portfolio, ensuring compliance to standards, and driving continuous improvement to operations and governance.

LOB Job Description:

This role is for a Portfolio Delivery Manager within the Strategic Full Reval Capability (SFRC) team. SFRC is Global Market’s strategic platform on Quartz delivering for all Regulatory Risk commitments including Fundamental Review of the Trading Book (FRTB) for all legal entities.

The role offered is for a senior Program Manager to derive the completion of the FRTB program. FRTB is a multi-year and complex initiative which is mandated by Regulatory rules of the jurisdiction that the bank operates in. This is a senior business stakeholder facing role and the successful candidate is expected to have 15+ years of experience in financial technology organization specialized in trading and risk management including derivatives pricing, sensitivity computation, simulation , P/L explains and stress scenarios calculation across different asset classes traded in Global Markets. The successful candidate will possess excellent communication, collaboration, people management skills and demonstrate capability for managing simultaneous multiple competing priorities across BAU and Initiatives.

Exposure and familiarity with FRTB Rules is preferable but not essential.

Key responsibilities include managing and developing the team through coaching, mentoring and feedback, aligning strategy, and execution by applying Lean and systems thinking approaches to strategy, investment funding, portfolio operations, and governance. Job expectations include managing the portfolio, ensuring compliance to standards, and driving continuous improvement to operations and governance.

Responsibilities:

+ Directs and leads a delivery team aligned to a portfolio and mentors Delivery Leads

+ Manages and improves portfolio operations and governance processes, ensuring risks and roadblocks are escalated and resolved quickly

+ Builds relationships with business and technology executives across multiple organizations, as well as Compliance and Risk

+ Partners with the key stakeholders and leaders to define the vision and creating the portfolio roadmap aligned to strategic goals

+ Provides status updates and reporting for the portfolio to stakeholders and leadership pertaining to the desired outcomes, delivery, risks, issues, and schedule

+ Manages overall portfolio financials, Profit and Loss (P&L), and performance

+ Ensures adherence with Enterprise Change Management standards

Required Qualifications:

+ 15yrs+ Experience on managing Trading Risk related programs.

+ Strong communication, and presentation skills

+ Good leadership, people management skills and ability to collaborate effectively across diverse/global teams

+ Experience working with Traders, Desk Heads, Market Risk Managers, Finance, Quants, Model Validation teams and Regulators

+ Ability to successfully lead and deliver complex/critical and large-scale horizontal projects

+ Experience in Agile/Scrum Management and Agile Tools

+ Experience in Programme Budget planning, Control, Maintenance and reporting

Desired Qualifications:

+ Knowledge of Python

Skills:

+ Collaboration

+ Influence

+ Result Orientation

+ Risk Management

+ Stakeholder Management

+ Analytical Thinking

+ Business Acumen

+ Data Management

+ Financial Management

+ Solution Delivery Process

+ Agile Practices

+ Architecture

+ DevOps Practices

+ Solution Design

+ Technical Strategy Development

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) .

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.