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Bank Of America Global Markets Risk Manager United States, North Carolina, Charlotte 201485660
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Responsibilities:
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
Required Qualifications:
• Background in Finance, Engineering or Computer Science
• 2-3 year’s experience working with Traded Products, preferably Agency and Non-Agency Securitized Products and Interest Rate Derivatives
• Familiarity with industry standard Interest Rate Risk measures such as Earnings at Risk (EaR) and Economic Value of Equity (EVE)
• Understanding of implications associated with security and derivative accounting elections.
• Experience with Bloomberg, Python and SQL is a plus.
• Ability to communicate effectively with senior stakeholders and independently lead initiatives.
Skills:
Analytical Thinking
Critical Thinking
Portfolio Analysis
Risk Analytics
Data and Trend Analysis
Decision Making
Oral Communications
Presentation Skills
Written Communications
Active Listening
Issue Management
Monitoring, Surveillance, and Testing
Regulatory Compliance
Technical Documentation
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