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Global Market Risk Manager - Equities, AVP / VP (Paris)

Paris, , France

Job Description:

Job Title: Global Market Risk Manager - Equities

Line Of Business: Global Market Risk

Corporate Title: Assistant Vice President / Vice President

Location: Paris, France

Role Description:

This is an opportunity for a highly motivated individual to join the Market Risk team as a Risk Manager for EMEA Equities, based in Paris, reporting to the Head of EMEA Equities Market Risk and locally to the co-heads of Market Risk of BofA Securities Europe.

Main responsibilities include:

  • Identify and analyse all significant risks across the equities line of businesses and ensure senior management is kept informed of these risks.

  • Communicate on daily basis with traders in your coverage area (in Paris or London) on topics such as new market developments, exposure to limits, new trades, or any ad-hoc risk issue.

  • Understand and be able to explain trading strategies and PL drivers.

  • Produce accurate risk reports, analyse and interpret risk/stress results changes and monitor positions against Market Risk limits, with a solid understanding of modelling assumptions for each risk factors. Liaise closely with the business to resolve any overages and set limits.

  • Review and challenge new trade proposals and new products and provide recommendation for senior management approval or rejection.

  • Ensure risks are well captured by the Bank’s risk systems and methodology.

  • Assist the implementation and testing of new risk management systems.

  • Liaise closely other colleagues within Risk and in other areas (Legal, Compliance, MO, and Finance) on a variety of projects such as new products, regulatory topics, material P&L events, potential operational risks etc.

  • Identify and calculate potential stress scenario under which a portfolio could incur material losses (point of weakness analysis).

  • Contribute to the development of the risk team and to a positive working environment.

The Team:

  • The EMEA Equities team is providing crucial risk management oversight and analysis for a broad range of trading activities within the Equity line of business such as Cash Equities, Derivatives, Structured Products, Financing, Emerging Markets Trading, etc.

  • You will be covering one or more of these businesses in EMEA, as well as working across the entire Equity business with other colleagues globally, with an additional focus on the risk management for the entity.

  • The role requires a deep understanding of risk management practices in Equity markets and appreciation for financial products like derivatives. Your ability to build and maintain excellent relationships with the trading desk and other control partners will be critical, while also maintaining independence in order to improve our overall risk management capabilities, uphold our risk framework and adhere to established governance.

Core Skills:

  • Mathematical skills with an honours degree in engineering, math, physics or other numerate subject, or equivalent experience.

  • Experience in Market Risk Management (in Equities or in another asset class) or in a related function in front office.

  • Self-motivated, intellectually curious and enthusiastic to work in a multicultural environment.

  • Effective team player with excellent interpersonal skills.

  • High proficiency in English required. Experience working in an international setting highly desirable.

  • Good attention to details.

  • Able to build solid relationships with the front office while maintaining independence.

  • Derivatives product knowledge in Equities or in another asset class is highly desirable.

Bank of America

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

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 mind-set 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.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

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

Learn more about this role

Full time

JR-20053185

Manages People:

Manager:

Talent Acquisition Contact:

Referral Bonus:

Street Address

Primary Location:
49-51 Rue La Boetie, Paris, 75008