2 days old
2017-11-162017-12-16

Global Markets Risk Manager

Bank of America
Charlotte, NC
  • Job Code
    bankofamerica-17051577CharlotteNC
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Company Bank of America

Job Title Global Markets Risk Manager

Jobid bankofamerica-17051577CharlotteNC

Location: Charlotte, NC, 28230, USA

Description **Job Description:**



Responsible for the analysis and monitoring of market risks taken within a specific product area. Additional responsibilities include analysis of model risk, analysis and reporting of market risk. The GMR employee will interface with the trading desk and other risk and support groups (i.e. Compliance, Finance, Operations, etc.). People in this job code will report to the GMR Senior Manager. Incumbents typically have over 4 years of experience in market risk management or trading. Product knowledge and trading or quantitative skills are necessary.



The Market Risk position requires a thorough understanding of the sales and trading business in order to provide risk management oversight and analysis of the trading risks in the portfolio, business and markets. This position is for individuals with experience in Capital Markets, preferably in a market risk or front-office role.



The Global Markets Risk organization is seeking an experienced associate to manage the markets risks within the Global Credit and Special Situations (GCSS) trading business in the US. Traded credit products 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 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 associate will be expected to understand, produce, monitor 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 (e.g. Volcker, FRTB, etc).



Required Job Skills:



* BA/BS (or equivalent degree) from a top university with an emphasis in finance, economics or quantitative disciplines

* Minimum 4 years of professional experience in related fields, such as trading, structuring or risk management

* A strong understanding of fixed-income markets, asset classes and products (structures, valuations, risk metrics, correlations, etc.)

* A strong understanding of market risk metrics, credit, the Greeks, VaR and stress scenarios

* Excellent quantitative, analytical, verbal, written and desktop technology skills

* The ability to work with and analyze large sets of data across various systems and databases

* Exceptionally detailed oriented, strong work ethic, self-motivated and driven to make improvements

* Enthusiastic and a collaborative team-player

* Ability to work, multi-task and adapt in a fast-paced stressed environment under tight conditions



Desired Job Skills:



* Advanced desktop technology skills such as VBA, SQL, Access and Python

* A graduate degree in finance or business, or progress towards CFA

* Experience with credit trading



**Posting Date** : 07/26/2017



**Location** :

Charlotte, NC, HEARST TOWER, 214 N TRYON ST,

- United States



**Travel** : No



**Full / Part-time** : Full time



**Hours Per Week** : 40



**Shift** : 1st shift



**Assistance for Applicants with Disabilities**



Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .



**Diversity & Inclusion**



At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.



**Frequently Asked Questions**



Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.



Categories

  • Management

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Global Markets Risk Manager

Bank of America
Charlotte, NC

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Global Markets Risk Manager

Bank of America
Charlotte, NC

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