Global Markets Risk Manager

1 week ago


New York, New York, United States Bank of America Full time
Job Title: Global Markets Risk Manager

Bank of America is seeking a highly skilled Global Markets Risk Manager to join our team. As a key member of our risk management team, you will be responsible for analyzing, monitoring, and reporting market-related risks taken within Global Mortgages and Securitized Products.

Key Responsibilities:
  • Analyze and report market risk, stress testing, designing limit frameworks, and interfacing with the trading desk and other risk and support groups.
  • 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, including cash flow modeling and idiosyncratic stress scenario generation.
  • Review and challenge risks related to new products, structured deals, 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.
Requirements:
  • 3+ 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 securitized products.
  • Good understanding of real estate and credit markets.
  • Proven finance or risk background with quantitative skills.
  • Ability to communicate clearly and concisely with traders, senior management, and other areas of the bank.
  • 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.
Skills:
  • Analytical thinking.
  • Critical thinking.
  • Portfolio analysis.
  • Risk analytics.
  • Data and trend analysis.
  • Decision making.
  • Oral communication.
  • Presentation skills.
  • Written communication.
  • Active listening.
  • Issue management.
  • Monitoring, surveillance, and testing.
  • Regulatory compliance.
  • Technical documentation.
Shift:

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: $110,157,800.00 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.



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