Global Markets Risk Executive

Bank of America; City Of London; On-site; GBP 90,000 - 120,000; Full time

Job summary

A leading financial institution in London is seeking a Global Markets Risk Executive to oversee the Market Risk function and ensure global consistency of policies. The role demands strong analytical skills, prior experience in market risk management, and exceptional communication abilities. Competitive benefits are offered, focused on physical and emotional well-being, in a flexible work environment.

Benefits

Private healthcare

Competitive pension plan

20 days backup childcare

Wellbeing account

Access to Employee Assistance Program

Qualifications

• Previous experience as a Senior Market Risk Manager.
• Ability to build strong relationships with the Front Line.
• Good understanding of macroeconomic developments.
• Ability to multitask in a dynamic environment.
• Impeccable writing skills for external documentation.
• Excellent analytical skills.

Responsibilities

• Manage the Market Risk function effectively.
• Implement complex product approval processes.
• Oversee risk identification and mitigation strategies.
• Provide insights into market risk coverage plans.

Skills

Senior Market Risk Management

Strong communication skills

Analytical skills

Understanding of macroeconomic trends

Education

Postgraduate qualification

Tools

FICC products knowledge

Job description

Job Description:

Job Title: Global Markets Risk Executive

Location: London

Corporate Title: Managing Director

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.

Role Overview:

This role is responsible for the management and direction of the Market Risk function. The successful candidate will take the role of Market Risk Lead for the Global Rates and Counterparty Portfolio Management lines of business.

Key responsibilities include ensuring global consistency of policies, procedures, analysis, monitoring and reporting of market risk for each product area. Job expectations include interfacing with the product Trading/Marketing Heads and the product Heads of other Risk and Support Groups (i.e., Compliance, Finance, Operations, etc.).

Responsibilities:

• Implement the new/complex product approval process and limits approval authority and reporting of market risk.
• Oversee identification of market risk exposures and mitigation strategies and resolution in accordance with the bank's risk appetite and limits identified, as well as regulatory requirements, as applicable.
• Oversee risk requests, breach remediations, and provide risk effective challenges for the Front-Line units.
• Provide insight into the development of market risk coverage plans, execution of monitoring, testing and risk assessments, and market risk reporting for the specific products.
• Understand market trends and their impact on portfolio, using knowledge of stress testing and its applicability to market risk.
• Ensure adherence to the policies and procedures established by the Firm.

What we are looking for:

• Previous experience as a Senior Market Risk Manager/Lead working directly with the Front Line and performing risk analysis is desirable.
• Ability to build strong relationships with the Front Line while maintaining independence, including handling disputes, negotiating with traders, and ability to uphold risk frameworks.
• Good understanding of macroeconomic and political developments and their impact on financial markets, and interdependencies between asset classes, especially how these change during a market crisis.
• Ability to multitask in a dynamic environment.
• Strong communication skills including impeccable writing skills for external documentation.
• Solid academic background, which may include a postgraduate qualification.
• Excellent analytical skills and knowledge of FICC products, markets, and risk management.

Benefits of working at Bank of America:

UK

• 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 as a result of a disability or health reasons.
• 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 wellbeing account, travel insurance, critical illness etc.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• Access to an Employee Assistance Program for confidential support and help for everyday matters
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution.
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America:

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

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. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.