Markets Risk Credit Manager

Job Description:

Job Title: Markets Risk Credit Manager

Corporate Title: up VP

Location: Paris

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:

Based in the 8th arrondissement and within the Parisian Golden Triangle, our beautiful Art-Deco era office benefits from luxury modern workspaces, an abundance of natural light and is easily accessible by public transport.

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:

This role requires close interaction with the trading desk and other risk and support groups (i.e. Finance, Quants, Technology, etc.) as well as liaising with senior leadership in both Risk and Front Line Units on strategic direction. 

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. 

What we are looking for:

• Previous experience as a Risk Manager working directly with the Front Line and performing risk analysis
• Good academic background, which may include a postgraduate qualification 
• Good people skills demonstrated across various communication styles (both written and verbal) 
• Knowledge of financial markets, ideally with solid understanding of Macroeconomics 
• Understanding of financial derivatives and modelling 
• Ability to multi-task and prioritize across several competing demands, meeting tight deadlines 

France

• Competitive retirement plan in addition to State plans
• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.
• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers
• Life and disability insurance
• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later
• Reimbursement of 50% of your commuter pass
• Nursery scheme for children under age 3
• Works council benefits
• Access to an Employee Assistance Programme for confidential support and help for everyday matters
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities
• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris
   

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.