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Commodity Market Risk Manager

New York

Job Description:

The Global Markets and Financial Risk Organization is seeking a Market Risk VP covering the Commodities trading desk in Bank of America’s Global Markets businesses. In addition, to providing independent oversight of the market risks taken by the Commodities businesses, the market risk manager will assess a broad spectrum of risks for the desk, liaising with other risk functions as necessary, including operational, credit, and counterparty risks. This role requires close interaction with the trading desk and other risk and support groups (i.e. Finance, Quants, Technology, etc.). Product knowledge and quantitative skills are necessary.


Responsibilities:

  • Review market risk positions, particularly under potential risk scenarios, and raise challenges to the desk if necessary. Liaise closely with the businesses to understand market trends and to report exposure under different market conditions.

  • Propose to senior management appropriate market risk limits for the trading desk within the firm's risk appetite.

  • Help enhance the firm's risk management capabilities.

  • Review risks related to non-standard or structured trades and new products.

  • Liaise closely with the business and other support functions to determine the nature and size of risks and ensure they are within the firm’s risk appetite.

  • Provide detailed explanations of the market risk of the desk, both internally to senior management and the trading desk, and externally to the Bank's regulators.

Required Qualifications:

  • The candidate must have a keen interest in commodity markets and risk management.

  • Strong quantitative skills.

  • Strong written and oral communications, interpersonal, and organizational skills

  • Strong work ethic and the ability to drive results.

  • Willing to analyze exposure and risk reports in-depth daily and follow-up on significant changes.

  • The team is located on the trading floor. The successful candidate must be able to build strong relationships with the business while maintaining independence.

  • Prior experience of 3+ years in a commodities or market risk management role is desired. 

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

The Global Markets and Financial Risk Organization is seeking a Market Risk VP covering the Commodities trading desk in Bank of America’s Global Markets businesses. In addition, to providing independent oversight of the market risks taken by the Commodities businesses, the market risk manager will assess a broad spectrum of risks for the desk, liaising with other risk functions as necessary, including operational, credit, and counterparty risks. This role requires close interaction with the trading desk and other risk and support groups (i.e. Finance, Quants, Technology, etc.). Product knowledge and quantitative skills are necessary.


Responsibilities:

  • Review market risk positions, particularly under potential risk scenarios, and raise challenges to the desk if necessary. Liaise closely with the businesses to understand market trends and to report exposure under different market conditions.

  • Propose to senior management appropriate market risk limits for the trading desk within the firm's risk appetite.

  • Help enhance the firm's risk management capabilities.

  • Review risks related to non-standard or structured trades and new products.

  • Liaise closely with the business and other support functions to determine the nature and size of risks and ensure they are within the firm’s risk appetite.

  • Provide detailed explanations of the market risk of the desk, both internally to senior management and the trading desk, and externally to the Bank's regulators.

Required Qualifications:

  • The candidate must have a keen interest in commodity markets and risk management.

  • Strong quantitative skills.

  • Strong written and oral communications, interpersonal, and organizational skills

  • Strong work ethic and the ability to drive results.

  • Willing to analyze exposure and risk reports in-depth daily and follow-up on significant changes.

  • The team is located on the trading floor. The successful candidate must be able to build strong relationships with the business while maintaining independence.

  • Prior experience of 3+ years in a commodities or market risk management role is desired. 

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-22044820

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Maida Salihovic

Referral Bonus:

0

Street Address

Primary Location:
ONE BRYANT PARK, NY, New York, 10036