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Bank Of America Global Markets Senior Risk Manager United States, New York, New York 345005430
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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:
Provides oversight of identification of market risk exposures and mitigation strategies and resolutions in accordance with the bank's risk appetite and risk limits identified, as well as regulatory requirements, as applicable
Provides oversight of risk requests, breach remediation's and providing risk effective challenges for front line units
Oversees development of market risk coverage plans, execution of monitoring, testing and risk assessments, and market risk reporting for specific products
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
Evaluating new transactions in the lending books that may in instances involve trading book backstops.
Analyze complex client solutions while negotiating/resolving structure and terms with the business to ensure best outcome for the firm
Strategically applying analytical thinking and subject matter expertise of structured products and capital markets to guide front line units through transaction life cycle, including adequacy of securitization capital treatment.
Identify and monitor emerging themes and concentration build-ups across the existing portfolio
Liaising with senior leadership in both risk and business on strategic direction
Required Qualifications:
10+ years of Market Risk or front office experience with a good understanding of key risk metrics such as VaR, Stress testing etc.
Good understanding of real estate and credit markets.
Proven finance or risk background with quantitative skills
Ability to build good relationships whilst maintaining independence, handle disputes, negotiate with traders and enforce difficult decisions.
Ability to communicate clearly and concisely with traders, senior management and other areas of the bank understanding the requirements of each group.
The candidate should have a good understanding of IT systems and their development process.
Ability to multi-task and priorities, to meet deadlines without compromising on quality
Ability to understand and communicate more complex proposals for management review, requiring good oral and written skills
Excellent problem solving skills
Desired Qualifications:
Understanding of regulatory environment affecting Finance industry and the impact on market risk.
Experience working within Real Estate or Credit market risk
Motivation to deliver in challenging fast paced environment
Familiarity with Microsoft Excel essential, VBA and MS Access desirable.
Skills:
Analytical Thinking
Critical Thinking
Portfolio Analysis
Risk Analytics
Collaboration
Decision Making
Oral Communications
Presentation Skills
Written Communications
Issue Management
Monitoring, Surveillance, and Testing
Regulatory Compliance
Technical Documentation
Trading Strategy
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