Market Risk Manager

4 weeks ago


New York, New York, United States Bank of America Full time
Job Description:

This role is responsible for the analysis, monitoring, and reporting of market-related risks within a specific product area. Key responsibilities include analyzing model risk, analyzing and reporting market risk, distributing market risk reports, and interfacing with the trading desk and other risk and support groups.

The Market Risk Manager will assess a broad spectrum of risks for the desk, 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.

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 remediations, and provides 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

This position is in the Market Risk Management team for a risk manager within the Rates and Counterparty Portfolio Management team.


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