Job Description:
Job Title: Global Market Risk Senior Manager
Corporate Title: Director
Location: London
Company Overview:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
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Location Overview:
Our London office is based just a stone's throw from the magnificent St. Paul's Cathedral on bustling King Edward Street. Here you'll find modern workspaces and a state-of-the-art auditorium space. In addition, we're proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.
Role Description:
This job is responsible for the local and/or global management and direction of applicable market related risk management functions within a specific product area. Key responsibilities include monitoring and adhering to market risk management policies, procedures, and standards, and implementing new/complex product approval processes, 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 (i.e., Compliance, Finance, Operations, etc.).
Responsibilities:
- The role is as part of the Dublin Markets Risk team with specific responsibilities to assist in the risk management of Issuer risk and Securitisation Finance lending facilities
- For Issuer risk a key focus will be risk analysis of the distressed loan trading portfolio
- Emphasis will be on initial credit analysis of single issuer credits as well as portfolios, covering corporates commercial real estate and shipping
- Responsible for monitoring and investigating any issuer exceptions related to exposure
- Perform fundamental credit analysis and assess trading strategies for any limit exceptions
- Monitor the portfolio, looking at concentration risks, country risk, trends; as well as single name issuer risk
- Provide recommendation for approvals and write-ups/rationales for limit exceptions
- Assist the Dublin Head of Market Risk with deal screening, detailed review and monitoring of Securitisation Finance lending facilities
- As part of deal review, be able to work with Enterprise Risk managers and be able to provide recommendations for approvals
- Asset classes range from auto loans, residential mortgages, consumer credit, credit cards, etc.
What we are looking for:
- 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
- Ability to multi-task and prioritize across several competing demands, meeting tight deadlines
- Previous experience as a Risk Manager working directly with the Front Line and performing risk analysis is desirable
- Basic understanding of credit markets and fixed income securities (e.g. bonds, loans, CDS)
- The candidate should have good knowledge of traded products and familiarity of securitisation markets in ABS and RMBS
- Experience in performing credit analysis (formal credit-training preferred but not required depending on experience)
- Comfortable working with systems (e.g. Bloomberg, risk systems, etc.)
- Ability to work in a high-energy and demanding environment, taking care of multiple things at one time
Benefits of working at Bank of America:
UK
- Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
- Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
- 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
- The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
- Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
- Access to an Employee Assistance Program for confidential support and help for everyday matters
- Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
- Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK's most iconic cultural institutions and exhibitions.
- Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.
Bank of America:
Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.