Bank Of America Global Markets Risk Senior Manager 

United Kingdom, England, City of Westminster 

359818317

Corporate Title: Up to VP

You will be supporting the Market Risk team to discharge its responsibility of review and inquire on the FRTB sensitivities produced by the Front Line.

Role Description:

This job is responsible for the local and/or global management and direction of applicable market related risk management functions within a specific product area. Key responsibilities include monitoring and adhering to market risk management policies, procedures, and standards, and implementing new/complex product approval processes, 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.).

Responsibilities:​

Stress testing:

• Review desk level vulnerabilities, illiquid, one-way and concentrated risks on a quarterly basis and maintain a ‘key risks’ inventory for major LEs at desk level
• Design custom scenarios for more complex derivative / exotic desks to address their specific vulnerabilities
• Perform and review scenario analysis for ‘key risks’ and incorporate in weekly reporting

Risk-not-in-SA:

• Methodology pending regulatory engagement/rule finalization

​Illiquid and Concentration Risks:

• Perform quantitative assessment of position liquidity using market data (e.g., trading volumes)
• Build additional tools to assess of positions with limited market liquidity data (e.g. Munis, Loans, etc)

Limits Management:

• Calibrate and monitor new limits at TOH and LE level on FRTB sensitivities (~1000 limits/Monitoring Metrics)
• Limits calibration and management to incorporate linkage to capital availability under FRTB

What we are looking for:

• Good academic background, which may include a postgraduate qualification
• Good people skills demonstrated across various communication styles (both written and verbal)
• Knowledge of financial markets, ideally with solid understanding of Macroeconomics
• Understanding of financial derivatives and modelling
• Ability to multi-task and prioritize across several competing demands, meeting tight deadlines
• Previous experience as a Risk Manager working directly with the Front Line and performing risk analysis is desirable
• Effective team player
• Intellectual curiosity
• Excellent problem-solving skills

Skills that will help:

• Previous experience with market risk regulation is highly desirable
• Skills in VBA or scripting languages is desirable but not mandatory

• 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.