Job Description
Job Description:
Job Title: Global Markets Risk Manager
Corporate Title: Vice President
Location: London
Role Description:
The Global Markets Risk organization is seeking an associate to manage the market risks within the Global Credit and Special Situations (GCSS) trading business in Europe. Product coverage include but are not limited to corporate bonds, loans, TRS, CDS, CDS indices, options, tranches, CLOs and CLNs across the capital structure, including distressed products.
As a Market Risk representative to the trading desk and senior management, the associate will be responsible for identifying risks within the portfolio and performing ongoing quantitative and qualitative trading analysis.; He or she should be able to confidently work with the trading desk, as well as with senior partners in other Risk functions, Regulatory Capital, Independent Price-Testing, Finance, Model Risk, Technology, Middle Office and Research in order to enhance our overall risk management infrastructure, capabilities and governance.
The candidate will be expected to understand, produce, monitor, limit and continually enhance the metrics and reports that reflect our trading risks and market conditions. Other core responsibilities may include approving new products and transactions, real-time monitoring and communication of markets, understanding historical and hypothetical market performances, calculating and enhancing value-at-risk (VaR), running, reporting and ensuring the accuracy of stress scenarios such as CCAR, and understanding the impact of capital and regulatory changes to the business and risk management.
Specific responsibilities are:
• Identify and analyse all significant risks across the line of businesses and ensure Senior Management are kept informed
• Report and monitor positions against Market Risk limits. Liaise closely with the business to detail any overages and set limits
• Review risks related to new products, non-standard trades, structured deals and new business strategies. Working with the business and other support functions to assess the risks and ensure they are within the firm's risk appetite
• Identify risk concentration under which the business could incur material losses
• Validate and produce information that is distributed to the regulators
• Assist in ad-hoc risk related queries, drill down analysis, VaR analysis or risk trends
• Contribute to the development of the Market Risk team and to the positive working environment
• Represent the Market Risk function in cross functional projects - migration and larger scale system changes
• Degree in numerate subjects (e.g. engineering, maths, physics, economics, ...)
• Market Risk management experience at a top financial institution.
The candidate must have a keen interest in Risk Management and should have the following attributes:
• Experience with credit trading across the credit spectrum from investment grade to distressed including structured products.
• An understanding of market risk metrics, credit, the Greeks, VaR and stress scenarios
• An understanding of fixed-income markets, asset classes and products (structures, valuations, risk metrics, correlations, etc.)
• Proficient in Excel (VBA skills are desirable) and database management.
Skills required
• Able to build strong relationships whilst maintaining independence. He/she must be able to handle disputes, negotiate with traders and enforce difficult decisions.
• Ability to work both as part of a team and independently.
• Exceptionally detailed oriented, strong work ethic, self-motivated and driven to make improvements.
• Enthusiastic and collaborative team-player.
• Ability to work, multi-task and adapt in a fast-paced environment under tight timelines.
• Excellent communication skills.
Bank of America:
Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.
In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.
Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.
Job Band:
H5
Shift:
Hours Per Week:
35
Weekly Schedule:
Referral Bonus Amount:
0
Job Title: Global Markets Risk Manager
Corporate Title: Vice President
Location: London
Role Description:
The Global Markets Risk organization is seeking an associate to manage the market risks within the Global Credit and Special Situations (GCSS) trading business in Europe. Product coverage include but are not limited to corporate bonds, loans, TRS, CDS, CDS indices, options, tranches, CLOs and CLNs across the capital structure, including distressed products.
As a Market Risk representative to the trading desk and senior management, the associate will be responsible for identifying risks within the portfolio and performing ongoing quantitative and qualitative trading analysis.; He or she should be able to confidently work with the trading desk, as well as with senior partners in other Risk functions, Regulatory Capital, Independent Price-Testing, Finance, Model Risk, Technology, Middle Office and Research in order to enhance our overall risk management infrastructure, capabilities and governance.
The candidate will be expected to understand, produce, monitor, limit and continually enhance the metrics and reports that reflect our trading risks and market conditions. Other core responsibilities may include approving new products and transactions, real-time monitoring and communication of markets, understanding historical and hypothetical market performances, calculating and enhancing value-at-risk (VaR), running, reporting and ensuring the accuracy of stress scenarios such as CCAR, and understanding the impact of capital and regulatory changes to the business and risk management.
Specific responsibilities are:
• Identify and analyse all significant risks across the line of businesses and ensure Senior Management are kept informed
• Report and monitor positions against Market Risk limits. Liaise closely with the business to detail any overages and set limits
• Review risks related to new products, non-standard trades, structured deals and new business strategies. Working with the business and other support functions to assess the risks and ensure they are within the firm's risk appetite
• Identify risk concentration under which the business could incur material losses
• Validate and produce information that is distributed to the regulators
• Assist in ad-hoc risk related queries, drill down analysis, VaR analysis or risk trends
• Contribute to the development of the Market Risk team and to the positive working environment
• Represent the Market Risk function in cross functional projects - migration and larger scale system changes
• Degree in numerate subjects (e.g. engineering, maths, physics, economics, ...)
• Market Risk management experience at a top financial institution.
The candidate must have a keen interest in Risk Management and should have the following attributes:
• Experience with credit trading across the credit spectrum from investment grade to distressed including structured products.
• An understanding of market risk metrics, credit, the Greeks, VaR and stress scenarios
• An understanding of fixed-income markets, asset classes and products (structures, valuations, risk metrics, correlations, etc.)
• Proficient in Excel (VBA skills are desirable) and database management.
Skills required
• Able to build strong relationships whilst maintaining independence. He/she must be able to handle disputes, negotiate with traders and enforce difficult decisions.
• Ability to work both as part of a team and independently.
• Exceptionally detailed oriented, strong work ethic, self-motivated and driven to make improvements.
• Enthusiastic and collaborative team-player.
• Ability to work, multi-task and adapt in a fast-paced environment under tight timelines.
• Excellent communication skills.
Bank of America:
Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.
In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.
Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.
Job Band:
H5
Shift:
Hours Per Week:
35
Weekly Schedule:
Referral Bonus Amount:
0
About Bank of America