Global Markets Risk Manager

Job Description:

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
This job is responsible for the reporting, analysis, and monitoring applicable market related risks taken within a specific product area. Key responsibilities include 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:

• Identifies and monitors market risk exposure and develops mitigation strategies and resolutions in accordance with the bank's risk appetite and risk limits identified, as well as regulatory requirements, as applicable
• 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
• Ensures adherence to the policies and procedures established by the company

• 2+ 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 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, a 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

• Analytical Thinking
• Critical Thinking
• Portfolio Analysis
• Risk Analytics
• Data and Trend Analysis
• Decision Making
• Oral Communications
• Presentation Skills
• Written Communications
• Active Listening
• Issue Management
• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Technical Documentation