Global Markets Senior Risk Manager
Company: Disability Solutions
Location: New York
Posted on: October 21, 2024
Job Description:
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. Responsible Growth is how we run our company and
how we deliver for our clients, teammates, communities and
shareholders every day.One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. We're devoted to being a diverse and inclusive workplace for
everyone. We hire individuals with a broad range of backgrounds and
experiences and invest heavily in our teammates and their families
by offering competitive benefits to support their physical,
emotional, and financial well-being.Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization.Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. Join us!Job Description: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 directionRequired 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 skillsDesired 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 StrategyShift:1st shift (United States of America)Hours
Per Week: 40Pay Transparency detailsUS - NY - New York - ONE BRYANT
PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits
informationPay range$138,000.00 - $215,500.00 annualized salary,
offers to be determined based on experience, education and skill
set.Discretionary incentive eligibleThis role is eligible to
participate in the annual discretionary plan. Employees are
eligible for an annual discretionary award based on their overall
individual performance results and behaviors, the performance and
contributions of their line of business and/or group; and the
overall success of the Company.BenefitsThis role is currently
benefits eligible. We provide industry-leading benefits, access to
paid time off, resources and support to our employees so they can
make a genuine impact and contribute to the sustainable growth of
our business and the communities we serve.
Keywords: Disability Solutions, Brick , Global Markets Senior Risk Manager, Accounting, Auditing , New York, New Jersey
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