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Market Risk Manager – Traded Credit

Tokyo, , Japan

Job Description:

About Bank of America:

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the World

Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

Position Description

The work of a 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.

The successful candidate 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. Communication is the other half of the job, describing the analysis conducted in a variety of ways, some standard, and some ad-hoc.

Role Overview:

The associate will be responsible for identifying risks within the portfolio and performing ongoing quantitative and qualitative trading analysis. He or she should be able to confidently work with the trading desk, as well as with senior partners in other Risk functions, Compliance, Independent Price-Testing, Finance, Model Risk, Technology, Middle Office and Research in order to enhance our overall risk management infrastructure, capabilities and governance.

Key Responsibilities:

  • Identify and analyze all significant risks for the Credit line of businesses and ensure Senior Management are kept informed.

  • Work with the business and other support functions to assess the risks and ensure they are within the firm’s risk appetite.

  • Identify risk concentration under which the business could incur material losses.

  • Validate and produce information that is distributed to the regulators.

  • Assist in ad-hoc risk related queries, drill down analysis, VaR/stress analysis or risk trends.

  • Contribute to the development of the Market Risk team and to the positive working environment.

  • Represent the Market Risk function in cross functional projects.

Key Requirements:

Skills / Knowledge:

  • Good Academic record

  • 5-7 years Market Risk management or equivalent experience at a top financial institution is desired.

  • Experience with credit trading across the credit spectrum from investment grade to distressed including structured products.

  • An understanding of market risk metrics, credit, the Greeks, VaR and stress scenarios.

  • An understanding of fixed-income markets, asset classes and products (structures, valuations, risk metrics, correlations, etc.).

  • Proficient in Excel (VBA skills are desirable) and database management.

Competencies:

  • Keen interest in Risk Management.

  • Effective team player.

  • Intellectual curiosity.

  • Excellent problem solving skills.

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

Learn more about this role

Full time

JR-21008773

Manages People:

Manager:

Talent Acquisition Contact:

Referral Bonus:

Check out the Tokyo office

We’re in the heart of Tokyo and the “center of Japan”, a stone’s throw from Nihonbashi Bridge, the Tokyo Stock Exchange and historic temples.

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Street Address

Primary Location:
1-4-1 NIHONBASHI, CHUO-KU, Tokyo, 103-0027