Global Market Risk Manager

Job Description:
Job Title : Global Markets Risk Manager
Corporate Title: Analyst/AVP
Location: London

Role Description:

• Market Risk Manager with coverage of the Emerging Markets Rates and Currencies asset class, part of the Global FX and LCT line of business within FICC.
• Key Risk responsibilities include:
o Identify and analyse all significant risks across the line of businesses and ensure Senior Management are kept informed.
o Review risks related to new products, non-standard trades, structured deals and business strategies.
o Liaising closely with the business and other support functions to ensure risks are within firm's risk appetite and correctly captured.
o Identify risk concentration and determine the circumstances under which the business portfolio could incur material losses.
o Report and monitor positions against market risk metrics and limits. Liaise closely with the business to detail any overages and set limits.
o Assist in the setup, configuration and implementation of new and upgraded risk management systems and enhancement of the VaR / RNiV modelling.
o Work closely with the upstream Data stewards to ensure a high quality of official Market risk data.
o Work with LoB risk managers to produce the quarterly Stress testing output: scenario design (PoW), scenario results and attributions.
o Validate and produce information that is distributed to the relevant regulators.
o Assist in ad-hoc risk related queries, drill down analysis, specific risk analysis, VaR and risk trend analysis, reports and analysis for regulators.
o Contribute to the development of the risk team and to the positive working environment.
o Represent the market risk function in cross function projects - migration and larger scale system changes.

The Team:

The Micro Risk Management Team, covers the all Credit and Emerging Markets asset classes within the EMEA region. We currently have 9 team members split across 2 locations.

Core Skills:

• Strong quantitative skills. Ideally with a degree in engineering, maths, physics or other numerate subjects.
• Problem solving skills.
• Highly motivated with the drive and potential to learn from others
• Excellent communication skills.
• Proficient in Excel. Programming skills (VBA, Python) are desirable.
• Able to build strong relationships whilst maintaining independence. Able to handle disputes and to negotiate with traders.
• Ability to work both as part of a team and independently with keen attention to detail.
• Knowledge of Rates/FX/EM asset class, experience with Market Risk and VaR methodologies are desirable.

Bank of America:

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.