Global Markets Risk Manager

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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.

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.).

• 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

Global Markets Risk is seeking a highly analytical and motivated professional to join the team responsible for independent market risk oversight of the Global Mortgages & Securitized Products (GMSP) business. This role provides exposure to a broad range of mortgage and structured finance products, including RMBS, CMBS, ABS, securitized lending, and mortgage-related trading activities. Working closely with senior risk managers, traders, structurers, and business partners, the successful candidate will help assess portfolio risks, analyze market developments, and deliver insights that support effective risk management and informed business decisions.

This is an excellent opportunity to develop deep expertise in structured products, gain exposure to complex transactions and market dynamics, and build a strong foundation in market risk management within a leading global markets platform.

• Support the independent oversight of market risks across the Global Mortgages & Securitized Products business.
• Analyze portfolio exposures, risk metrics, and market developments to identify emerging risks and concentrations.
• Review structured finance transactions, including ABS, RMBS, CMBS, mortgage loans, and securitized lending.
• Perform scenario analysis, stress testing, and other quantitative…