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:

This job is responsible for providing support to the APAC Global Markets Risk (GMR) team in the COO function, reviewing and overseeing market risk trends across FICC and Equities portfolios, manage regulatory deliverables in collaboration with the LOB market risk managers in the team.

Key responsibilities include analysis and reporting of market risk for overall region across LOBs and asset classes, overseeing regional market risk reports and key management updates that get distributed to senior executives and regulators, and act as key contributor for APAC GMR team in global and regional workstreams on initiatives such as FRTB implementation.

Responsibilities:

• Responsible for FRTB related work within Asia Global Markets Risk, including analysis and explanation of model output.  Participate in regional and global implementation workstreams, and review and challenge in the implementation process as second line function representative
• Review, analyze, and monitor regional market risk portfolio and summarize key updates in executive reporting
• Lead cross-asset class risk analysis, deep dives and project work related to Global Markets
• Develop response to risk related queries from internal or external stakeholders, and perform market risk exposures analysis, drill downs and/or risk trend analysis.
• Lead and participate in key and strategic initiatives as well as issues management.  Effectively and efficiently coordinates and drives execution of key priorities.
• Collaborate effectively with other Global Risk Management teams globally, Front Line Units, and other Enterprise Control Functions on the execution of governance initiatives, and to ensure consistency and best practices across the enterprise

Skills:

• At least 6-7 years in market risk management, related functions or equivalent experience
• Knowledge of market and counterparty risk management and experience with regulatory and internal audit interactions
• In-depth knowledge of FRTB and its implications on market risk management
• Interest in financial markets and have good understanding of financial products
• Ability to communicate clearly and concisely with good people skills.
• Ability to multi-task and prioritize across several competing demands.
• Excellent analytical and problem solving skills and is proactive in challenging the status quo and driving improvements
• Excellent verbal and written communication skills, including proven ability to develop executive ready communications and presentations
• Exceptionally strong attention to accuracy, detail and consistency
• Confidence in working and communicating with senior leadership team
• Self-motivated, intellectually curious and enthusiastic
• Understanding of regulatory environment affecting the financial industry and the impact on market and counterparty risk management