Front Office Risk Manager in Global Markets Trading Risk

Job Description:

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Global Markets Trading Risk (GMTR)

The key objective/role of GMTR is to facilitate risk dialogue with a responsible growth mindset. GMTR participates in review of new business, transactions, discuss risk appetite, set/own risk limits as well as drive strategic risk initiatives. GMTR engages in limit setting, review for each line of business. Additionally, we are also responsible for monitoring risk real time and advising management on any key risk positions amidst macro events. GMTR plays a key role any regulatory risk exams that require business support.

We are seeking an experienced FO risk manager to join Global Markets Trading Risk (GMTR) team, based in New York.  The role will serve as a primary risk management partner to trading desks, providing comprehensive risk oversight while enabling business growth through effective risk controls.

Key responsibilities

• Partner directly with one or more of the FICC trading desks to identify, measure, monitor and mitigate market risk to ensure best outcome for the firm
• Perform independent risk and stress testing across various FICC products including rates, credit, mortgages, FX and commodities
• Provide real-time risk guidance during market events and volatile trading conditions
• Review and approve new product proposals, evaluating associated risks and controls
• Facilitate regulatory compliance through robust risk control frameworks
• Assist in ad-hoc queries and projects; bespoke risk analysis, reports and analysis for senior management and regulators

Qualifications

• Excellent academic background, which may include a postgraduate qualification or equivalent work experience
• 5Y+ of experience in financial risk management, preferably in FICC
• Strong understanding of fixed income and currency derivatives, including structured products
• Proficiency in risk metrics including greeks, VaR and stress testing
• Advanced quantitative analysis skills and familiarity with statistical modelling
• Strong Excel and data visualization skills.  Experience with Python and BofA risk applications like MRS and SAT are an added advantage
• Ability to multi-task and prioritize across several competing demands, meeting tight deadlines
• Excellent communication abilities to convey complex risk concepts to relevant stakeholders, including senior management

Personal Attributes

• Ability to maintain composure and make sound decisions during market stress
• Collaborative mindset to work effectively with traders and other stakeholders
• Proactive risk identification with a solutions-oriented approach

Shift:

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