Bank Of America Global Markets Risk Manager 

United Kingdom, England, London 

346109633

Corporate Title: up to VP

You will be working with the Global Markets Risk team, based in London, covering the Global Mortgages & Securitized Products business.

Role Description:

In addition to providing independent Market Risk oversight of local structured products (ABS/RMBS/CMBS) trading and loan origination activity, the role will involve liaising with other Risk functions as necessary to assess a broad spectrum of risks (e.g. Credit, Operational, Counterparty risks) and ensure that activity fits within firm risk appetite. The role also requires close interaction with the trading/structuring desks and other support groups (e.g., Finance, Quants, Technology, etc.).

Responsibilities:

• Review trading portfolios and associated risk metrics, liaising closely with the business to understand current/evolving market trends and assess impact on the firm’s portfolios.
• Analyse and assess structured trades, including via cash flow modelling and idiosyncratic stress scenario generation.
• Assess commercial real estate and asset-backed lending opportunities across a range of collateral types.
• Identify and assess risks related to new products and business initiatives.
• Report and monitor positions against market risk metrics and limits.
• Summarise risk views for senior management to ensure they are kept informed of developments in the portfolio.
• Participate in stress testing and capital planning exercises, including identifying; and analysing key points of weakness and illiquid risks across the firm’s portfolios.
• Assist in ad-hoc Risk-related queries and projects; bespoke risk analysis, reports and analysis for regulators.
• Ensure risks are fed to and accurately captured by the Bank’s risk systems and methodology.

What we are looking for:

• Excellent academic background, which may include a postgraduate qualification
• Working knowledge of financial markets
• Good analytical knowledge of traded products and their valuation & risk profiles in positioning and hedging exposures
• Highly proficient in desktop data manipulation e.g. Excel (models, pivots), Access, etc.
• Excellent written and verbal communication skills
• Ability to work in a high-energy and demanding environment, taking care of multiple things at any given time

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• Access to an Employee Assistance Program for confidential support and help for everyday matters
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.