Counterparty Credit Risk Manager

Job Title:
Counter party Credit Risk Manager

Corporate

Title:

Up to Vice President

Location:
London

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!

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.

The candidate will be part of the team responsible for managing risk arising from the Global Prime Financing and Cleared Derivatives businesses as well as providing counter party credit risk oversight for EMEA and APAC hedge fund and principal trading firm clients. Additionally, part of the role will involve extending counter party credit oversight to EMEA based financial institutions.

• Second line risk management for the Prime Financing and Cleared Derivatives business lines
• Providing second line counter party risk over oversight for EMEA hedge funds, principal trading firms and financial institutions portfolios
• Ensuring the EMEA risk framework and associated procedures are implemented and followed and that issues are swiftly identified and resolved or escalated as necessary
• Portfolio exposure review of stress testing and other CCR risk analytics and providing oversight of limit utilizations where relevant
• Employing counter party credit information provided by FO Credit risk teams to appropriately calibrate limits, margin terms and right size exposures
• Working closely with the first line Risk function and business to understand and evaluate existing and evolving risks and challenging where appropriate
• Developing strong relationships with key stakeholders across senior business management, origination and the various risk and credit functions
• Active participant in the risk management forums, bringing and leading the agenda from a EMEA perspective.

• Several years working in a risk management function with some experience in Hedge Fund and Financial Institutions counter party risk management and/or exposure to Prime Financing and Clearing
• Risk manager able to apply risk and control disciplines in an effective manner
• Technical understanding of the quantitative and qualitative risks impacting financing and clearing businesses is highly desirable
• Cross asset product knowledge including…