Global Markets Risk Manager

1 month ago

New York, New York, United States Bank of America Full time

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 the reporting, analysis, and monitoring applicable market related risks taken within a specific product area. Key responsibilities include analysis of model risk, analysis and reporting of market risk, distributing the market risk reports, and interfacing with the trading desk and other risk and support groups (i.e., Compliance, Finance, Operations, etc.).

This job is responsible for the analysis, monitoring and reporting applicable market related risks taken within Global Equities. Key responsibilities include analysis and reporting of market risk, stress testing, designing limit frameworks and interfacing with the trading desk and other risk and support groups (i.e., Compliance, Finance, Operations, etc.).

This position is in the Market Risk Management team covering Global Equities trading desks. In addition to providing independent oversight of the market risks taken by trading desks, especially Exotics and Investable Indices, the market risk manager will assess a broad spectrum of risks, liaising with other risk functions as necessary, including operational, credit, and counterparty risks. This role requires close interaction with the trading desk and other risk and support groups (i.e. Finance, Quants, Technology, etc.). Product knowledge and quantitative skills are necessary.

Responsibilities:

  • Identifies and monitors market risk exposure and develops mitigation strategies and resolutions in accordance with the bank's risk appetite and risk limits identified, as well as regulatory requirements, as applicable
  • Manages risk requests, breach remediation's and providing risk effective challenges for front line units
  • Sets managing risk parameters and guardrails for market risk, while ensuring adherence to risk appetite and limits, and actively designing risk scenarios to implement decisions
  • Develops market risk coverage plans, oversees execution of monitoring, testing and risk assessments, conducts analysis and develops market risk reporting for specific products and communicates changes to senior management
  • Liaisons with businesses to understand market trends and impacts on portfolio, using knowledge of stress testing and its applicability to market risk
  • Ensures adherence to the policies and procedures established by the company
  • Review trading portfolios and associated risk metrics. Report and monitor positions against market risk metrics and limits.
  • Liaise closely with trading desks to understand market trends in relation to portfolio changes.
  • Identify and analyze significant risks and summarize risk views for senior management to ensure they are kept informed of developments in the portfolio.
  • Analyze and model transactions, review and approve pricing and VaR models
  • Review and challenge risks related to new products, structured transactions and business strategies.
  • Perform stress tests to determine the circumstances under which the portfolio could incur material losses. Provide regular point of weakness and concentration risk analysis of the portfolio
  • Assist in ad-hoc risk related queries and projects; specific risk analysis, reports and analysis for regulators.
  • Ensure risks are fed to and captured appropriately by the Bank s risk system and risk methodology. Assist the setup, configuration and implementation of new and upgraded risk management systems to help enhance the firm's capabilities.

Required Qualifications:

  • 5+ years of Market Risk or front office experience with a good understanding of key risk metrics such as VaR and stress testing, especially in relation to Equity Derivatives
  • Good understanding of exotic equity options and investable indices
  • Proven finance or risk background with quantitative skills
  • Ability to communicate clearly and concisely with traders, senior management and other areas of the bank understanding the requirements of each group.
  • Ability to build good relationships while maintaining independence and negotiating with traders to enforce decisions.
  • Ability to multi-task, prioritize and meet deadlines without compromising on quality
  • Ability to understand and communicate more complex proposals for management review, requiring good oral and written skills
  • Problem solving skills and motivation to deliver in challenging fast paced environment

Skills:

  • Analytical Thinking
  • Critical Thinking
  • Portfolio Analysis
  • Risk Analytics
  • Data and Trend Analysis
  • Decision Making
  • Oral Communications
  • Presentation Skills
  • Written Communications
  • Active Listening
  • Issue Management
  • Monitoring, Surveillance, and Testing
  • Regulatory Compliance
  • Technical Documentation

Shift:

1st shift (United States of America)

Hours Per Week:

40

  • Global Markets Risk Manager

    1 month ago

    New York, New York, United States Bank of America Full time

    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...

  • Senior Manager of Global Market Risk

    5 days ago

    New York, New York, United States Bank of America Full time

    Position Title: Senior Manager of Global Market RiskLocation: New York, New YorkOverview:At Bank of America, our mission is to enhance financial well-being through meaningful connections. We are committed to Responsible Growth, which reflects our dedication to our clients, employees, communities, and shareholders.We prioritize creating a diverse and...

  • Global Markets Risk Executive

    3 months ago

    New York, New York, United States Bank of America Full time

    Job Description:The Global Markets Risk Executive for the Bank of America National Association (BANA) legal entity will primarily interface with the Product Trading/Marketing Heads and the product heads of other risk and support groups (i.e. Compliance, Finance, Operations, etc), as well as local regulators (e.g. the FRB, OCC, FDIC).Key responsibility to...

  • Global Markets Risk Sr. Manager

    1 month ago

    New York, New York, United States Bank of America Full time

    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...

  • Global Markets Risk Analyst

    6 days ago

    New York, New York, United States Bank of America Full time

    Global Markets Risk Analyst - Equities Market RiskJob Overview:At Bank of America, our mission is to enhance financial well-being through every connection we make. We are committed to Responsible Growth, which shapes our operations and our commitment to clients, employees, communities, and shareholders alike.We strive to cultivate a diverse and inclusive...

  • Global Markets Risk Executive

    3 weeks ago

    New York, New York, United States Bank of America Full time

    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...

  • Market Risk Analyst

    5 days ago

    New York, New York, United States The Goldman Sachs Group, Inc Full time

    Job Overview At the heart of our operations is the commitment to foster robust relationships with our institutional clientele, encompassing corporations, financial service entities, and asset managers. We facilitate the trading of financial instruments across global markets, assist in capital raising, and provide risk management solutions. Our team is...

  • Global Markets Risk Executive

    2 days ago

    New York, New York, United States Bank of America Full time

    About the RoleThis is a challenging and rewarding opportunity to join the Bank of America team as a Global Markets Risk Executive. As a key member of the Global Markets Risk team, you will play a critical role in ensuring the bank's exposure to market risk is properly managed.Key ResponsibilitiesEvaluate new transactions in the trading and lending books,...

  • Market Risk Project Manager

    6 days ago

    New York, New York, United States Mitchell Martin Inc. Full time

    Position Title: Market Risk Project ManagerLocation: HybridContract Type: Contract (W2 or IC)Key Responsibilities:Lead and manage projects focused on market risk within front office operations.Utilize project management expertise to drive transformation initiatives addressing regulatory and risk management challenges.Collaborate effectively with stakeholders...

  • Global Banking Risk Management Expert

    6 days ago

    New York, New York, United States Federal Reserve System Full time

    CompanyThe Federal Reserve System offers a distinctive opportunity to engage with the core of the financial landscape, providing insights into both domestic and global markets and economies. Become part of a team of seasoned professionals committed to safeguarding the safety, stability, and resilience of our economic and financial frameworks. We prioritize...

  • Senior Executive for Investment Risk Management

    6 days ago

    New York, New York, United States Global Atlantic Financial Group Full time

    COMPANY OVERVIEW Global Atlantic Financial Group stands as a prominent entity in the U.S. life insurance and annuity sector, addressing the requirements of both individuals and institutions. As a fully-owned subsidiary of KKR, a distinguished global investment firm, we provide alternative asset management across various strategies and capital market...

  • Senior Market Risk Project Manager

    6 days ago

    New York, New York, United States Mitchell Martin Inc. Full time

    Position Title: Market Risk Project ManagerLocation: Hybrid RoleContract Type: W2 or Independent ContractorKey Responsibilities:Oversee and manage projects related to market risk within the front office environment.Utilize extensive experience in market risk to guide project initiatives effectively.Lead transformation and change management efforts with a...

  • Senior Vice President of Market Risk Management

    2 days ago

    New York, New York, United States Citigroup Inc Full time

    Position OverviewThe Senior Vice President of Market Risk Management is a pivotal figure who diligently monitors the Equities Markets and manages the market risk oversight for the Global Equities trading desks.The Equity Market Risk team plays a crucial role in assessing, supervising, and evaluating the organization’s exposure to market risk on both a...

  • Senior Market Risk Project Manager

    6 days ago

    New York, New York, United States Mitchell Martin Inc. Full time

    Position Title: Market Risk Project ManagerLocation: Hybrid RoleEmployment Type: Contract (W2 or Independent Contractor)Key Responsibilities:Oversee and manage front office change initiatives, ensuring alignment with market risk standards.Utilize extensive market risk knowledge to drive transformation and change management efforts within Capital...

  • Senior Market Risk Project Manager

    5 days ago

    New York, New York, United States Mitchell Martin Inc. Full time

    Position Title: Market Risk Project ManagerLocation: Hybrid Work EnvironmentContract Type: W2 or Independent ContractorKey Responsibilities:Oversee and manage front office change initiatives, ensuring alignment with market risk objectives.Utilize extensive market risk knowledge to guide transformation projects within Capital Markets.Implement change...

  • Interim Banking Risk Manager

    6 days ago

    New York, New York, United States RSM Global Full time

    About RSM GlobalRSM Global is a premier provider of professional services to the middle market worldwide. Our mission is to foster confidence amidst change, enabling our clients and team members to achieve their utmost potential. Our outstanding personnel are the cornerstone of our exceptional, inclusive culture and talent experience, making us attractive to...

  • Interim Banking Risk Manager

    5 days ago

    New York, New York, United States RSM Global Full time

    About UsRSM Global is a premier provider of professional services tailored for the middle market worldwide. Our mission is to foster confidence amid change, enabling our clients and employees to achieve their utmost potential. Our remarkable workforce is the cornerstone of our unique, inclusive culture and talent experience, which enhances our appeal to...

  • Vice President of Market Risk Management

    6 days ago

    New York, New York, United States Citigroup Inc Full time

    This pivotal position is part of the Markets Credit and Price Risk Execution team, focusing on the management of data quality issues and strategic initiatives related to Price Risk. Price Risk encompasses all facets of market risk management across both First Line and Second Line functions, aiming to enhance risk management controls and processes throughout...

  • Senior Vice President of Market Risk Management

    4 days ago

    New York, New York, United States Hispanic Technology Executive Council Full time

    The Global Rates Division within the Market Risk Management sector is tasked with overseeing this critical business area. This position is for a Risk Manager based in New York, who will integrate into an established team dedicated to managing the market risks associated with the G10 Rates Trading operations in the region, specifically focusing on the...

  • Market Risk Analyst

    5 days ago

    New York, New York, United States Apollo Inc Full time

    Position Overview Apollo is a rapidly expanding global alternative asset management firm. In our investment management division, we aim to deliver superior returns for our clients across the risk-reward spectrum, ranging from investment-grade assets to private equity, focusing on three primary strategies: yield, hybrid, and equity. With over thirty years of...