Market Risk Manager
3 weeks ago
Job Summary
The Market Risk Manager is responsible for identifying and monitoring market risk exposure and developing mitigation strategies and resolutions in accordance with the bank's risk appetite and risk limits identified, as well as regulatory requirements, as applicable.
Key Responsibilities
- 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.
- Identifies and monitors market risk exposure and develops mitigation strategies and resolutions.
- Manages risk requests, breach remediations 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.
Requirements
- Solid academic background, which may include a postgraduate qualification.
- Knowledge of financial markets, ideally with solid understanding of Macroeconomics.
- Understanding of financial derivatives and modelling.
- Previous experience as a Risk Manager working directly with the Front Line and performing risk analysis is desirable.
What We Offer
Bank of America offers a competitive salary and benefits package, as well as opportunities for career growth and development.
How to Apply
Interested candidates should submit their resume and cover letter to the Bank of America website.
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