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Front Office Risk Manager in Global Markets Trading Risk

New York, New York

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. 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!

Global Markets Trading Risk (GMTR)

The key objective/role of GMTR is to facilitate risk dialogue with a responsible growth mindset. GMTR participates in review of new business, transactions, discuss risk appetite, set/own risk limits as well as drive strategic risk initiatives. GMTR engages in limit setting, review for each line of business. Additionally, we are also responsible for monitoring risk real time and advising management on any key risk positions amidst macro events. GMTR plays a key role any regulatory risk exams that require business support.

We are seeking an experienced FO risk manager to join Global Markets Trading Risk (GMTR) team, based in New York. The role will serve as a primary risk management partner to trading desks, providing comprehensive risk oversight while enabling business growth through effective risk controls.

Key responsibilities

+ Partner directly with one or more of the FICC trading desks to identify, measure, monitor and mitigate market risk to ensure best outcome for the firm

+ Perform independent risk and stress testing across various FICC products including rates, credit, mortgages, FX and commodities

+ Provide real-time risk guidance during market events and volatile trading conditions

+ Review and approve new product proposals, evaluating associated risks and controls

+ Facilitate regulatory compliance through robust risk control frameworks

+ Assist in ad-hoc queries and projects; bespoke risk analysis, reports and analysis for senior management and regulators

Qualifications

+ Excellent academic background, which may include a postgraduate qualification or equivalent work experience

+ 5Y+ of experience in financial risk management, preferably in FICC

+ Strong understanding of fixed income and currency derivatives, including structured products

+ Proficiency in risk metrics including greeks, VaR and stress testing

+ Advanced quantitative analysis skills and familiarity with statistical modelling

+ Strong Excel and data visualization skills. Experience with Python and BofA risk applications like MRS and SAT are an added advantage

+ Ability to multi-task and prioritize across several competing demands, meeting tight deadlines

+ Excellent communication abilities to convey complex risk concepts to relevant stakeholders, including senior management

Personal Attributes

+ Ability to maintain composure and make sound decisions during market stress

+ Collaborative mindset to work effectively with traders and other stakeholders

+ Proactive risk identification with a solutions-oriented approach

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

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Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.