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Global Markets Risk Executive

London, , United Kingdom

Job Description:

Job Title: Global Markets Risk Executive 

Corporate Title:  MD

Location:  London

Company Overview:

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!

Location Overview:

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

The Team:

You will be joining a global team, with team members across all regions. This team forms a significant component of the Global Markets Risk function, and the broader Global Risk Management department, which offers a wide range of opportunities for career development across different asset classes and locations. Market Risk is structured to align towards business and legal entity set-up, across 9 global Lines of Business, and various entities. The team is highly diverse, with a broad range of skills, perspectives and experiences that engenders a supportive environment; one which encourages the open risk discussions.

Role Description:

Given the levels of regulatory focus, model performance  will be a key item for this role, and consequently you  should be quantitative and have the ability to work in a participatory manner.  You will primarily interface with the Product Trading/Marketing Heads and the product heads of other risk and support groups (Compliance, Finance, Operations, Audit), as well as local regulators (i.e. the Prudential Regulation Authority) to ensure appropriate governance and are in place to per local laws, rules, and regulations.


You will be responsible for providing risk oversight, acting as a subject matter specialist and the second line of defence overseeing legal entity governance for MLI. You will be the senior contact for senior level committees, regulatory exams, and audit reviews, responsible for effective communication into governance, senior stakeholders and local regulators.

Key responsibilities centre around oversight and co-ordination of risk management in MLI, including the below:

  • You will direct market risk management in the entity;
  • Co-ordinating market-risk specific regulatory dialogue, including the approved IMA capital model, VaR Methodology and Regulatory Capital;
  • Analysis of model risk, the implementation of the New/Complex Product Approval Process, limit approval authority and reporting of market risk.
  • Executive reporting to the CRO and the Senior Risk Committee of the entity;
  • Review and question  trading desk activity in the entity;
  • Ensuring global consistency of policies, procedures, analysis, monitoring and reporting of market risk;
  • You will guide and develop the Market Risk team in London;
  • Collaboration with the Market Risk teams in EMEA and Top of House to ensure alignment of approach and efficiencies of processes;
  • Participation in senior level committees and a guide for junior team members
  • Innovation of risk management capabilities

What we are looking for:

The MLI Market Risk Lead should have the below characteristics:

  • Extensive knowledge of industry practices in the field and knowledge of laws rules and regulations
  • A quantitative specialist, with practical skills in data analysis, manipulation and development of prototype risk reports
  • Solid academic background, which may include a postgraduate qualification
  • Executive ready communication and presentation skills, with experience of governance protocols
  • You will have experience of guiding a team, product knowledge and trading or quantitative skills are necessary.
  • Exemplary stakeholder and relationship skills
  • Ability to multi-task and prioritise across several competing demands, working to deadlines
  • Works effectively as a manager, and direct business partners through influence regulations that govern market risk in EMEA
  • Incumbents typically have significant experience of market risk management or trading.
  • Ability to effectively influence and negotiate actions and outcomes across a large matrixed organization

Skills that will help:

  • Practical mindset
  • Technical curiosity and interest in learning new skills
  • Intellectually curious and naturally strategic in approach
  • Ability to perform as an effective part of the team
  • Highly motivated with the drive and potential to learn from others
  • Inquisitive nature, ability to ask right questions and escalate issues
  • Experience working with local regulators in UK and Europe including the PRA, ECB, EBA, ACPR, CBI      

Benefits of working at Bank of America:


  • Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
  • Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
  • 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum 
  • The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
  • Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
  • Access to an Employee Assistance Program for confidential support and help for everyday matters
  • Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
  • Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.
  • Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America:

Good conduct and sound judgment 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 sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or 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.

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Full time


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