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Assistant Vice President / Vice President, Global Market Risk Manager

Singapore, , Singapore

Job Description:

Your background

  • At least 3-5 years of relevant experience, preferably in a role related to risk management within an international financial institution.
  • Good understanding of Global Markets products and financial market infrastructure.  Prior experience in central clearing counterparties will be valuable.
  • Ability to appreciate and summarize complex details, and articulate risk issues both verbally and in writing.
  • Have a credit risk mindset and able to perform both qualitative and financial assessment of institutional clients.
  • Comfortable to deal with derivatives and structured transactions from the counterparty credit risk perspective.
  • A self-starter with the ability to work in a fast paced/multi-tasking environment under pressure.
  • Good academic record commensurate with an undergraduate and/or a postgraduate degree from recognized institutions.

What you can expect

You will be part of Global Markets and Financial Risk in APAC, reporting to the GMR Executive and working closely with a team of diversified backgrounds and risk coverage.  Your major focus will be the holistic risk management of central clearing counterparties, with opportunities to expand your product knowledge and develop multifaceted risk management skills.  You will frequently interface with the trading desk and other risk and support groups (i.e. Compliance, Finance, Operations, Legal etc.),  To be effective in this role, you will need to be motivated, intellectually curious, dynamic and sensitive to relevant developments and emerging risks in the global market. 

What you will do

  • Holistic risk management of central clearing counterparty relationships in APAC, with a view to identify, assess and escalate key risk issues impacting the bank’s reputation, business and operations. 
  • Conduct holistic due diligence review and qualification assessment of central clearing counterparties.
  • Identify and review financial, governance and control issues resulted from industry developments, business process, or new initiatives such as new membership onboarding and clearing products.        
  • Coordinate regular forums, present and lead discussions related to regional clearing activities.
  • Participate in new product / transaction approval forums with a view to highlight risk and offer effective challenges with a holistic angle.
  • Contribute to the evolving risk management needs in the central clearing counterparties, counterparty credit risks and equity capital markets space. 

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.

Job Band:

H5

Shift: 

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Your background

  • At least 3-5 years of relevant experience, preferably in a role related to risk management within an international financial institution.
  • Good understanding of Global Markets products and financial market infrastructure.  Prior experience in central clearing counterparties will be valuable.
  • Ability to appreciate and summarize complex details, and articulate risk issues both verbally and in writing.
  • Have a credit risk mindset and able to perform both qualitative and financial assessment of institutional clients.
  • Comfortable to deal with derivatives and structured transactions from the counterparty credit risk perspective.
  • A self-starter with the ability to work in a fast paced/multi-tasking environment under pressure.
  • Good academic record commensurate with an undergraduate and/or a postgraduate degree from recognized institutions.

What you can expect

You will be part of Global Markets and Financial Risk in APAC, reporting to the GMR Executive and working closely with a team of diversified backgrounds and risk coverage.  Your major focus will be the holistic risk management of central clearing counterparties, with opportunities to expand your product knowledge and develop multifaceted risk management skills.  You will frequently interface with the trading desk and other risk and support groups (i.e. Compliance, Finance, Operations, Legal etc.),  To be effective in this role, you will need to be motivated, intellectually curious, dynamic and sensitive to relevant developments and emerging risks in the global market. 

What you will do

  • Holistic risk management of central clearing counterparty relationships in APAC, with a view to identify, assess and escalate key risk issues impacting the bank’s reputation, business and operations. 
  • Conduct holistic due diligence review and qualification assessment of central clearing counterparties.
  • Identify and review financial, governance and control issues resulted from industry developments, business process, or new initiatives such as new membership onboarding and clearing products.        
  • Coordinate regular forums, present and lead discussions related to regional clearing activities.
  • Participate in new product / transaction approval forums with a view to highlight risk and offer effective challenges with a holistic angle.
  • Contribute to the evolving risk management needs in the central clearing counterparties, counterparty credit risks and equity capital markets space. 

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.

Learn more about this role

Full time

JR-21055185

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Yeung Hei Hoey Mok

Referral Bonus:

0

Street Address

Primary Location:
2 HARBOURFRONT PLACE, #02-01, Singapore, 098499