Bank Of America Global Markets Risk Sr Manager 

United States, North Carolina, Charlotte 

681915691

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 remediations 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

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

• Collaboration

• Decision Making

• Oral Communications

• Presentation Skills

• Written Communications

• Issue Management

• Monitoring, Surveillance, and Testing

• Regulatory Compliance

• Technical Documentation

• Trading Strategy

1st shift (United States of America)