Global Markets Risk Executive
Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
Responsible for management and direction of market risk management functions within a Product Area or several Product Areas (Equities, Rates, etc). Responsibilities include the ensuring global consistency of policies, procedures, analysis, monitoring and reporting of market risk for a Product Area. Additional responsibilities include analysis of model risk, the implementation of the New/Complex Product Approval Process, limit approval authority and reporting of market risk. This role also has responsibilities related to VaR Methodology and Regulatory Capital. The GMR Executive will primarily interface with the Product Trading/Marketing Heads and the product heads of other risk and support groups (i.e. Compliance, Finance, Operations, etc). Incumbents typically have over 15 years of experience in market risk management or trading. Leadership, management, product knowledge and trading or quantitative skills are necessary.
Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.
Diversity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company D&I goals.
Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.
Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.
Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.
People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.
Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability.
Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the banks capabilities to meet client needs and to gain competitive advantage.
Required Qualifications:
Masters in Finance / MBA with 10+ years of experience in Securitized Products Risk Management
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:
Critical Thinking
Decision Making
Executive Presence
Talent Development
Issue Management
Oral Communications
Performance Management
Risk Analytics
Written Communications
Analytical Thinking
Change Management
Fiscal Responsibility
Presentation Skills
Regulatory Compliance
Shift:
1st shift (United States of America)
Hours Per Week:
40
Apply Now
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
Responsible for management and direction of market risk management functions within a Product Area or several Product Areas (Equities, Rates, etc). Responsibilities include the ensuring global consistency of policies, procedures, analysis, monitoring and reporting of market risk for a Product Area. Additional responsibilities include analysis of model risk, the implementation of the New/Complex Product Approval Process, limit approval authority and reporting of market risk. This role also has responsibilities related to VaR Methodology and Regulatory Capital. The GMR Executive will primarily interface with the Product Trading/Marketing Heads and the product heads of other risk and support groups (i.e. Compliance, Finance, Operations, etc). Incumbents typically have over 15 years of experience in market risk management or trading. Leadership, management, product knowledge and trading or quantitative skills are necessary.
Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.
Diversity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company D&I goals.
Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.
Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.
Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.
People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.
Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability.
Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the banks capabilities to meet client needs and to gain competitive advantage.
Required Qualifications:
Masters in Finance / MBA with 10+ years of experience in Securitized Products Risk Management
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:
Critical Thinking
Decision Making
Executive Presence
Talent Development
Issue Management
Oral Communications
Performance Management
Risk Analytics
Written Communications
Analytical Thinking
Change Management
Fiscal Responsibility
Presentation Skills
Regulatory Compliance
Shift:
1st shift (United States of America)
Hours Per Week:
40
Apply Now