Global Markets Risk Manager - Global Rates

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Bank of America Corporation
  • 16 Oct 18

Global Markets Risk Manager - Global Rates

Job Description:

Specific Job Description
This position is in the global macro risk management team, which covers Bank of America's Global Rates, Global Financing and Futures, G10 Foreign Exchange, and XVA businesses. The person in this role is responsible for the analysis of market risk taken by the trading desk, making themselves aware of all significant exposure, and for performing qualitative and quantitative analysis of all material positions and risks. He/she assesses a broad spectrum of risks, predominantly market risk but also operational, credit, and counterparty risks should these types of risks exist. This role requires close interaction with the trading desk and other risk and support groups (i.e. Finance, Middle Office, Technology, etc.). Product knowledge and quantitative skills are necessary.

• Review market risk positions, particularly under potential risk scenarios, and raise challenges to the desk if necessary. Liaise closely with the businesses to understand market trends and to report exposure under different market conditions.
• Assist in deep dive analyses on the key risks facing the trading desk
• Propose to senior management appropriate market risk limits for the trading desk within the firm's risk appetite.
• Help enhance the firm's risk management capabilities.
• Review risks related to non-standard or structured trades and new products. Liaise closely with the business and other support functions to determine the nature and size of risks and ensure they are within the firm's risk appetite.
• Contribute to the development of the risk team and to the positive work environment
• Provide detailed explanations of the market risk of the desk, both internally to senior management and the trading desk, and externally to the Bank's regulators.

Required Skills:
Strong knowledge of derivative products with strong quantitative skills
Strong written and verbal communications, interpersonal, and organizational skills
Strong work ethic and the ability to drive results
Willing to analyze exposure and risk reports in-depth daily and follow-up on significant changes
The team is located on the trading floor. The successful candidate must be able to build strong relationships with the business while maintaining independence.
Bachelor's degree required, preferably in a quantitative discipline
At least 2+ years' experience preferred

General Job Description
Responsible for the analysis and monitoring of market risks taken within a specific product area. Additional responsibilities include analysis of model risk, analysis and reporting of market risk. The GMR Manager will primarily interface with the trading desk and other risk and support groups (i.e. Compliance, Finance, Operations, etc.). People in this job code will report to the GMR Senior Manager. Product knowledge and trading or quantitative skills are necessary.

1st shift (United States of America)

Hours Per Week: