Global Markets Risk Manager
4 weeks ago
This role is responsible for the analysis, monitoring, and reporting of 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.
Responsibilities:- Identify and monitor market risk exposure and develop mitigation strategies and resolutions in accordance with the bank's risk appetite and risk limits identified, as well as regulatory requirements, as applicable.
- Manage risk requests, breach remediation's, and provide risk-effective challenges for front-line units.
- Set managing risk parameters and guardrails for market risk, while ensuring adherence to risk appetite and limits, and actively designing risk scenarios to implement decisions.
- Develop market risk coverage plans, oversee execution of monitoring, testing, and risk assessments, conduct analysis, and develop market risk reporting for specific products and communicate changes to senior management.
- Liaise with businesses to understand market trends and impacts on portfolio, using knowledge of stress testing and its applicability to market risk.
- Ensure 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.
- 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 a challenging fast-paced environment.
- 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
1st shift (United States of America)
Hours Per Week:40
Pay Transparency details:US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
Pay range: $110,000.00 - $157,800.00 annualized salary, offers to be determined based on experience, education, and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources, and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial, and municipal laws.
The company also prohibits discrimination on other bases such as medical condition, marital status, or any other factor that is irrelevant to the performance of our teammates.
To view the "EEO is the Law" poster, CLICK HERE (https://www.eeoc.gov/employers/upload/eeoc_self_print_poster.pdf).
To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf).
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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
To view Bank of America's Drug-free Workplace and Alcohol Policy, CLICK HERE (https://www.bankofamerica.com/careers/our-values/diversity-and-inclusion/).
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
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