Counterparty Credit Risk Manager

Bank of America; Greater London; Sur place; GBP 110 000 - 190 000; Plein temps

Avantages offerts par ce poste

Private healthcare

Pension plan

Life assurance

Flexible benefits

Wellbeing resources

Résumé du poste

Bank of America in London seeks a Counterparty Credit Risk Manager to oversee second line risk for Prime Financing, Cleared Derivatives and regional clients across EMEA. This role demands strong analytical abilities, cross-asset knowledge, and the judgment to challenge risk when needed.

You will partner with first line risk and business teams, build relationships with senior stakeholders, and participate in EMEA risk forums to drive effective risk governance.

Qualifications

• Several years in a risk management role with exposure to hedge funds, financial institutions, and prime financing/clearing risk.
• Strong understanding of quantitative and qualitative risks in financing and clearing businesses is desirable.

Responsabilités

• Second line risk management for Prime Financing and Cleared Derivatives.
• Oversee counterparty risk for EMEA hedge funds, principal trading firms and financial institutions.
• Ensure EMEA risk framework and procedures are implemented and followed; identify and escalate issues.
• Review portfolio exposure via stress testing and CCR analytics; oversee limit utilizations.
• Calibrate limits, margins and exposures using counterparty credit information from FO Credit risk teams.
• Collaborate with first line risk function and business to understand evolving risks.
• Build relationships with senior stakeholders across risk, origination and credit functions.
• Participate in risk management forums and lead agendas from an EMEA perspective.

Connaissances

Hedge Fund counterparty risk

Cross-asset risk

Prime Financing

Derivatives knowledge

Analytical skills

Stakeholder management

Description du poste

Job Description: Job Title: Counterparty Credit Risk Manager Corporate Title: Up to Vice President Location: London

Company Overview:

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!

Location Overview:

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

Job Description:

The candidate will be part of the team responsible for managing risk arising from the Global Prime Financing and Cleared Derivatives businesses as well as providing counterparty credit risk oversight for EMEA and APAC hedge fund and principal trading firm clients. Additionally, part of the role will involve extending counterparty credit oversight to EMEA based financial institutions.

Responsibilities:

• Second line risk management for the Prime Financing and Cleared Derivatives business lines
• Providing second line counterparty risk over oversight for EMEA hedge funds, principal trading firms and financial institutions portfolios
• Ensuring the EMEA risk framework and associated procedures are implemented and followed and that issues are swiftly identified and resolved or escalated as necessary
• Portfolio exposure review of stress testing and other CCR risk analytics and providing oversight of limit utilizations where relevant
• Employing counterparty credit information provided by FO Credit risk teams to appropriately calibrate limits, margin terms and right size exposures
• Working closely with the first line Risk function and business to understand and evaluate existing and evolving risks and challenging where appropriate
• Developing strong relationships with key stakeholders across senior business management, origination and the various risk and credit functions
• Active participant in the risk management forums, bringing and leading the agenda from a EMEA perspective.

What we are looking for:

• Several years working in a risk management function with some experience in Hedge Fund and Financial Institutions counterparty risk management and/or exposure to Prime Financing and Clearing Risk manager able to apply risk and control disciplines in an effective manner
• Technical understanding of the quantitative and qualitative risks impacting financing and clearing businesses is highly desirable
• Cross asset product knowledge including derivatives
• Strong analytical skills and attention to detail
• Intellectually curious and able to execute sound judgment to appropriately characterize and represent risk issues
• Structured yet flexible approach, balanced and fair, able to make difficult decisions where necessary
• Excellent communication and interpersonal skills, proven experience of collaborating and leveraging relationship

Skills that will help:

• Global Risk Management experience

Benefits of working at Bank of America (UK):

At Bank of America, we strive to prioritise employees’ health and wellbeing – it’s what makes us a Great Place to Work. Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner. Competitive pension plan, life assurance, and group income protection cover if you become unable to work because of a disability or health reasons. We offer 26-weeks paid maternity leave, 16-weeks paid paternity leave and inclusive family leave arrangements for working parents and carers including 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a well-being account, travel insurance, critical illness, cycle to work etc. Use of a flex fund to use towards benefits Access to an emotional wellbeing helpline, and virtual GP services Access to the Peppy App which provides 1:1 support, consultations and resources relating to men’s health, women’s health, fertility, menopause, and pregnancy & parenthood. Access to a range of gyms, exercise classes, and wellbeing Apps through Wellhub, including Headspace and Calm Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability.

Experience

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!

Partnering Locally

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Global Impact

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Opportunity and Inclusion

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