Vice President, Global Markets Risk Manager

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference.  Join us!

Job Description

The role will cover market risk management for FICC and requires a thorough understanding of Rates and FX markets, derivatives, and market risk management techniques. The successful candidate will predominantly manage market risks but will work closely with other control partners.  He/she must be able to build strong relationships with the Front Office while maintaining independence. He/she must be able to challenge the business, negotiate with traders, and maintain/develop appropriate governance frameworks. He/she must be able to communicate effectively across a range of audiences including senior management and regulators.

Responsibilities

• Responsible for market risk management of Bank of America Malaysia Berhad (BAMB)
• Fully understand the regulatory environment and ensure BAMB complies with its market risk obligations.
• Set risk limits in line with the entity and LoB risk appetite and strategy.
• Monitor positions against risk limits. Liaise closely with Front Office to detail risk exposures and challenge the business on risk exposures and limit breaches.
• Review new products and non-standard transactions proposed to ensure risks are appropriately identified and controlled.
• Collaborate with other support partners to ensure all risks are identified and addressed - Compliance and Operational, Credit, Liquidity etc.
• Identify and analyse all significant market risk exposures in BAMB, and ensure that senior management/risk committees are kept informed about the key risks.
• Define and evaluate stress scenarios under which the portfolio may incur material losses (point of weakness analysis).
• Assist in ad-hoc risk related queries, VaR analysis, drill downs or risk trend analysis.
• Perform market risk stress testing and contribute to the Icaap process.
• Validate information that is distributed to regulators.

Required Skills

• At least five years market risk management or equivalent experience, preferably with Rates/FX products.
• Solid academic background, biased towards quantitative skills.
• Good knowledge of financial markets.
• Understanding of financial derivatives and risk modelling.
• Familiar with how technology supports the risk management process.
• Ability to communicate clearly and concisely with good people skills.
• Ability to multi-task and prioritise across several competing demands.
• Ability to work as part of a regional team
• Strong written and spoken communication skills.