Global Markets Risk Executive

Job Description:

Job Title: Global Markets Risk Executive

Location: London

Corporate

Title:

Managing Director

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.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

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 work spaces 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 Overview:

This role is responsible for the management and direction of the Market Risk function. The successful candidate will take the role of Market Risk Lead for the Global Rates and Counter party Portfolio Management lines of business.

Key responsibilities include ensuring global consistency of policies, procedures, analysis, monitoring and reporting of market risk for each product area. Job expectations include interfacing with the product Trading/Marketing Heads and the product Heads of other Risk and Support Groups (i.e., Compliance, Finance, Operations, etc.).

Responsibilities:

• Implement the new/complex product approval process and limits approval authority and reporting of market risk.
• Oversee identification of market risk exposures and mitigation strategies and resolution in accordance with the bank's risk appetite and limits identified, as well as regulatory requirements, as applicable.
• Oversee risk requests, breach remediations, and provide risk effective challenges for the Front-Line units.
• Provide insight into the development of market risk coverage plans, execution of monitoring, testing and risk assessments, and market risk reporting for the specific products.
• Understand market trends and their impact on portfolio, using knowledge of stress testing and its applicability to market risk.
• Ensure adherence to the policies and procedures established by the Firm.

What we are looking for:

• Previous experience as a Senior Market Risk Manager/Lead working directly with the Front Line and performing risk analysis is desirable.
• Ability to build strong relationships with the Front Line while maintaining independence, including handling disputes, negotiating with traders, and ability to uphold risk frameworks.
• Good understanding of macroeconomic and political developments and their impact on financial markets, and interdependencies between asset classes, especially how these change during a market crisis.
• Ability to multitask in a dynamic environment.
• Strong communication skills including impeccable writing skills for external documentation.
• Solid academic background, which may include a postgraduate qualification.
• Excellent analytical skills and knowledge of FICC products, markets, and risk management.

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…