Global Markets Risk Manager - Equities Market Risk
Company: Disability Solutions
Location: New York
Posted on: September 28, 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
reporting, analysis, and monitoring applicable market related risks
taken within a specific product area. Key responsibilities include
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.).This job is responsible for the
analysis, monitoring and reporting applicable market related risks
taken within Global Equities. Key responsibilities include analysis
and reporting of market risk, stress testing, designing limit
frameworks and interfacing with the trading desk and other risk and
support groups (i.e., Compliance, Finance, Operations, etc.).This
position is in the Market Risk Management team covering Global
Equities trading desks. In addition to providing independent
oversight of the market risks taken by trading desks, especially
Exotics and Investable Indices, the market risk manager will assess
a broad spectrum of risks, 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.Responsibilities:
- Identifies and monitors market risk exposure and develops
mitigation strategies and resolutions in accordance with the bank's
risk appetite and risk limits identified, as well as regulatory
requirements, as applicable
- Manages risk requests, breach remediation's and providing risk
effective challenges for front line units
- Sets managing risk parameters and guardrails for market risk,
while ensuring adherence to risk appetite and limits, and actively
designing risk scenarios to implement decisions
- Develops market risk coverage plans, oversees execution of
monitoring, testing and risk assessments, conducts analysis and
develops market risk reporting for specific products and
communicates changes to senior management
- 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
- Review trading portfolios and associated risk metrics. Report
and monitor positions against market risk metrics and limits.
- Liaise closely with trading desks to understand market trends
in relation to portfolio changes.
- Identify and analyze significant risks and summarize risk views
for senior management to ensure they are kept informed of
developments in the portfolio.
- Analyze and model transactions, review and approve pricing and
VaR models
- Review and challenge risks related to new products, structured
transactions and business strategies.
- Perform stress tests to determine the circumstances under which
the portfolio could incur material losses. Provide regular point of
weakness and concentration risk analysis of the portfolio
- Assist in ad-hoc risk related queries and projects; specific
risk analysis, reports and analysis for regulators.
- Ensure risks are fed to and captured appropriately by the
Bank's risk system and risk methodology. Assist the setup,
configuration and implementation of new and upgraded risk
management systems to help enhance the firm's capabilities.Required
Qualifications:
- 5+ years of Market Risk or front office experience with a good
understanding of key risk metrics such as VaR and stress testing,
especially in relation to Equity Derivatives
- Good understanding of exotic equity options and investable
indices
- Proven finance or risk background with quantitative skills
- Ability to communicate clearly and concisely with traders,
senior management and other areas of the bank understanding the
requirements of each group.
- Ability to build good relationships while maintaining
independence and negotiating with traders to enforce
decisions.
- Ability to multi-task, prioritize and meet deadlines without
compromising on quality
- Ability to understand and communicate more complex proposals
for management review, requiring good oral and written skills
- Problem solving skills and motivation to deliver in challenging
fast paced environmentSkills:
- Analytical Thinking
- Critical Thinking
- Portfolio Analysis
- Risk Analytics
- Data and Trend Analysis
- Decision Making
- Oral Communications
- Presentation Skills
- Written Communications
- Active Listening
- Issue Management
- Monitoring, Surveillance, and Testing
- Regulatory Compliance
- Technical DocumentationShift: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$110,000.00 - $157,800.00 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, New York , Global Markets Risk Manager - Equities Market Risk, Executive , New York, New York
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