10 hours

Global Markets Risk Sr Manager

Bank of America
New York, NY
  • Job Code
Company Bank of America

Job Title Global Markets Risk Sr Manager

Jobid bankofamerica-17012221NewYorkNY

Location: New York, NY, 10176, USA

Description **Job Description:**

This role is for a Risk Manager to work in the Rates and Currencies business giving the Associate a broad view of the various Desks/Products within this LOB. Market Risk Managers are responsible for making themselves aware of all the significant market risk positions and for performing quantitative and qualitative analysis of all material positions and risks. They assess risk and liquidity, and report these findings to both Risk Management and the business regionally and globally. Specific responsibilities are:

+ Identify and analyze all significant risks across the line of businesses and ensure Senior Management are kept informed of these risks.

+ Monitor and Report positions against Market Risk metrics and limits. Liaise closely with the business to detail any overages and set limits.

+ Be the regional Risk Managers’ main resource for monitoring risk within key regional legal entities.

+ Design and production of regional risk reporting. Working with line of business experts to convey key risks.

+ Ensure risks are fed to and captured by the Bank’s risk system and risk methodology. Assist the setup, configuration and implementation and undertake user acceptance testing of new and upgraded risk management systems and upstream systems for risk.

+ Assist in ad-hoc risk related queries and projects; Specific Risk analysis, VaR and risk trend analysis, reports and analysis for regulators.

+ Identify stress tests to determine the circumstances under which the business portfolio could incur material losses.

+ Review risks related to new products, non-standard trades, structured deals and business strategies. Liaising closely with the business and other support functions to determine these risks and ensure they are within firm’s risk appetite and correctly reported.

+ Opportunity to work on key projects for the market risk organization not only within market risk but with the front office and other partner groups.

+ Represent the market risk function in cross function projects – migration and larger scale system changes.

+ Contribute to the development of the risk team and to the positive working environment.

_Required Job Skills_

The candidate must have a keen interest in Risk associated with the business and should have the following attributes:

+ Good knowledge of rates and FX products – risks and market dynamics

+ A good general knowledge of derivative products

+ Strong mathematical skills with an honors degree in engineering, math, physics or other numerate subject

+ Proficient in Excel. VBA and Python skills highly desirable.

+ The team is based on the trading floor and has direct contact with traders all day. The successful candidate must be able to build strong relationships whilst maintaining independence. He/she must be able to handle disputes, negotiate with traders and will not shirk from enforcing difficult decisions.

+ Ability to work both as part of a team and independently with keen attention to detail

_Desired Job Skills_

+ An effective team player

+ Excellent problem solving skills

+ Highly motivated with the drive and potential to learn from others

+ Excellent communication skills, with the ability to communicate clearly and concisely with traders, senior management and other areas of the bank understanding the requirements of each group.

**Posting Date** : 04/18/2017

**Location** :


- United States

**Travel** : Yes, 5% of the time

**Full / Part-time** : Full time

**Hours Per Week** : 40

**Shift** : 1st shift

**Assistance for Applicants with Disabilities**

Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .

**Diversity & Inclusion**

At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

**Frequently Asked Questions**

Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.


  • Management

Before you go...

Our free job seeker tools include alerts for new jobs, saving your favorites, optimized job matching, and more! Just enter your email below.

Share this job:

Global Markets Risk Sr Manager

Bank of America
New York, NY

Share this job

Global Markets Risk Sr Manager

Bank of America
New York, NY

Separate email addresses with commas

Enter valid email address for sender.

Join us to start saving your Favorite Jobs!

Sign In Create Account
Powered ByCareerCast