Global Markets Risk Manager

Job Description:

Job Title: Global Markets Risk Manager

Corporate Title: Up to Vice President

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

• 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 analyse significant risks and summarize risk views for senior management to ensure they are kept informed of developments in the portfolio.
• Analyse 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.

• Several years of Market Risk or front office experience with a good understanding of key risk metrics such as VaR and stress testing.
• 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 challenging fast paced environment

• Global Risk Management experience

• At Bank of America, we strive to prioritise employees' health and wellbeing - it's what makes us a Great Place to Work.
• 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
• We offer 26-weeks paid maternity leave, 16-weeks paid paternity leave and inclusive family leave arrangements for working parents and carers including 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, cycle to work etc.
• Use of a flex fund to use towards benefits
• Access to an emotional wellbeing helpline, and virtual GP services
• Access to the Peppy App which provides 1:1 support, consultations and resources relating to men's health, women's health, fertility, menopause and pregnancy & parenthood
• Access to a range of gyms, exercise classes and wellbeing Apps through Wellhub, including Headspace and Calm
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area