Bank of America Employment – Market Risk Manager

Job Description:

The Global Markets and Financial Risk Organization is seeking a Market Risk Manager covering a trading desk in Bank of America’s Fixed Income Currencies and Commodities (FICC) businesses. In addition, to providing independent oversight of the market risks taken by the Global FICC businesses. The market risk manager will assess a broad spectrum of risks for the desk, liaising with other risk functions as necessary, including operational, credit, and counterparty risks. This role requires close interaction with the trading desk and other risk and support groups (i.e. Finance, Quants, Technology, etc.). Product knowledge and quantitative skills are necessary.

Job Responsibilities:

• Help enhance the firm’s risk management capabilities.
• Provide detailed explanations of the market risk of the desk, both internally to senior management and the trading desk, and externally to the Bank’s regulators.
• Review market risk positions, particularly under potential risk scenarios, and raise challenges to the desk if necessary. Liaise closely with the businesses to understand market trends and to report exposure under different market conditions.
• Propose to senior management appropriate market risk limits for the trading desk within the firm’s risk appetite.
• Review risks related to non-standard or structured trades and new products. Liaise closely with the business and other support functions to determine the nature and size of risks and ensure they are within the firm’s risk appetite.

Job Requirements:

• Strong written and oral communications, interpersonal, and organizational skills
• Strong work ethic and the ability to drive results
• The candidate must have a keen interest in financial markets
• The successful candidate must be able to build strong relationships with the business while maintaining independence.
• Willing to analyze exposure and risk reports in-depth daily and follow-up on significant changes
• Strong quantitative skills

Qualification & Experience:

• 3-5 years financial market experience required

Job Details:

Company: Bank of America

Vacancy Type: Full Time

Job Location: New York, NY, US

Application Deadline: N/A

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