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Senior Market Risk Manager – Macro Team, VP or Director

London, , United Kingdom

Job Description:

Job Title: Senior Market Risk Manager – Macro Team

Line of Business: Global Risk / Global Markets & Financial Risk (GMFR)

Corporate Title: Vice President or Director

Location: London, UK

Here in our London office we are looking to recruit for Senior Market Risk Manager in the Macro Team. The Market Risk Manager is a blend of technical understanding of financial products, real-time monitoring of financial markets, and quantitative data analysis/modelling.  It requires a variety of communication skills used to report on risk positions in order to influence risk takers and inform key stakeholders. This role is within the EMEA Macro Team with coverage across several asset classes. 

The Team:

The Global Risk organisation is underpinned by cutting edge tools, processes and subject matter expertise. The team operates in a technically complex, fast changing and dynamic environment with an excellent culture of growth, learning and development.

Role Overview:

The role will be responsible for identifying, managing and communicating market risk exposures. The role involves managing significant risk positions and performing quantitative and qualitative analysis. It also requires a thorough understanding of risk management practices and appreciation for financial products. The role requires understanding the business activity on a trading desk and undertaking risk reporting across a range of audiences ranging from individual traders, through to senior management and regulators. Risk analysis is one half of the job, performed using the firm’s systems as well as via ad-hoc methods.

Role Responsibilities:

  • Responsible for the regional and global management and direction of market risk management functions within the Fixed Income products area.

  • In conjunction with the GMFR Executive, establishes market risk management policies, procedures and standards.

  • Analysis of model risk, the implementation of the New and Complex Product Approval Process, limit approval authority, analysing and reporting of market risk.

  • The GMFR Senior Manager will primarily interface with Senior Traders and Business Heads/Marketing Managers and the managers of other risk and support groups (i.e. Compliance, Finance, Operations, etc.).

Core Skills:

  • Previous experience as a Risk Manager working directly with the Front Line and performing risk analysis.

  • Solid academic background, which may include a postgraduate qualification.

  • Good people skills demonstrated across various communication styles (both written and verbal).

  • Knowledge of financial markets, ideally with solid understanding of Macroeconomics. Without demonstrated Macro experience, we are unable to consider applicants.

  • Understanding of financial derivatives and modelling.

  • Ability to multi-task and prioritise across several competing demands, meeting tight deadlines.

Competencies:

  • Effective team player.

  • Intellectual curiosity.

  • Excellent problem solving skills.

  • Highly motivated with the drive and potential to learn from others.

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.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgement 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.

Job Band:

H4

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: Senior Market Risk Manager – Macro Team

Line of Business: Global Risk / Global Markets & Financial Risk (GMFR)

Corporate Title: Vice President or Director

Location: London, UK

Here in our London office we are looking to recruit for Senior Market Risk Manager in the Macro Team. The Market Risk Manager is a blend of technical understanding of financial products, real-time monitoring of financial markets, and quantitative data analysis/modelling.  It requires a variety of communication skills used to report on risk positions in order to influence risk takers and inform key stakeholders. This role is within the EMEA Macro Team with coverage across several asset classes. 

The Team:

The Global Risk organisation is underpinned by cutting edge tools, processes and subject matter expertise. The team operates in a technically complex, fast changing and dynamic environment with an excellent culture of growth, learning and development.

Role Overview:

The role will be responsible for identifying, managing and communicating market risk exposures. The role involves managing significant risk positions and performing quantitative and qualitative analysis. It also requires a thorough understanding of risk management practices and appreciation for financial products. The role requires understanding the business activity on a trading desk and undertaking risk reporting across a range of audiences ranging from individual traders, through to senior management and regulators. Risk analysis is one half of the job, performed using the firm’s systems as well as via ad-hoc methods.

Role Responsibilities:

  • Responsible for the regional and global management and direction of market risk management functions within the Fixed Income products area.

  • In conjunction with the GMFR Executive, establishes market risk management policies, procedures and standards.

  • Analysis of model risk, the implementation of the New and Complex Product Approval Process, limit approval authority, analysing and reporting of market risk.

  • The GMFR Senior Manager will primarily interface with Senior Traders and Business Heads/Marketing Managers and the managers of other risk and support groups (i.e. Compliance, Finance, Operations, etc.).

Core Skills:

  • Previous experience as a Risk Manager working directly with the Front Line and performing risk analysis.

  • Solid academic background, which may include a postgraduate qualification.

  • Good people skills demonstrated across various communication styles (both written and verbal).

  • Knowledge of financial markets, ideally with solid understanding of Macroeconomics. Without demonstrated Macro experience, we are unable to consider applicants.

  • Understanding of financial derivatives and modelling.

  • Ability to multi-task and prioritise across several competing demands, meeting tight deadlines.

Competencies:

  • Effective team player.

  • Intellectual curiosity.

  • Excellent problem solving skills.

  • Highly motivated with the drive and potential to learn from others.

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.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgement 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-21005119

Band: H4

Manages People:

Manager:

Talent Acquisition Contact:

Adrian Michal Zuber

Referral Bonus:

0

Street Address

Primary Location:
2 King Edward St, London, EC1A 1HQ