AVP/VP 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 and Role Responsibilities::

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 in Credit Trading transactions 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, Legal, Compliance, Finance, Technology, Operations and Research as needed in order to enhance our overall risk management infrastructure, capabilities and governance. Additional duties would relate to the stress testing of the Global Credit portfolio as well as other region-wide related reviews.

Key Responsibilities:

• Identify and analyze all significant risks for the Credit Trading line of business and ensure Senior Management are kept informed.
• Work with other RMs to support RMs in managing stress testing across GC as well as additional region-wide related reviews.
• Work with the business and other support functions to assess the risks and ensure they are within the firm’s risk appetite.
• Identify risk issues including reputational, tail risk, trading risk etc under which the business could incur material losses.
• Validate and produce information for internal and external reporting.
• 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:

• 3-5 years Market or Credit Risk management or equivalent experience at a top financial institution is desired.
• Experience with reviewing transactions across the credit spectrum from investment grade to high yield or working with a Syndicate / Credit trading desk a strong positive
• An understanding of market risk metrics, credit, the Greeks, VaR and stress scenarios.
• Proficient in Excel (VBA skills are desirable) and database management.

Competencies:

• Keen interest in Risk Management.
• Effective team player.
• Strong Communication skills
• Intellectual curiosity.
• Excellent problem solving skills.
• Highly motivated with the drive and potential to learn from others.