Global Markets Risk Executive

Bank of America; Greater London; On-site; GBP 100,000 - 125,000; Full time

Job summary

A leading financial services firm in London is seeking a Global Markets Risk Executive to lead the Market Risk function. This position requires extensive experience in managing market risk, excellent analytical and communication skills, and the ability to build strong relationships with trading teams. The ideal candidate will understand macroeconomic trends and their impacts on financial markets. This role offers competitive benefits including private healthcare and a pension plan.

Benefits

Private healthcare for employee and family

Competitive pension plan

Backup childcare services

Flexible benefits options

Employee Assistance Program

Arts & Culture corporate membership

Qualifications

• Previous experience as a Senior Market Risk Manager is desirable.
• Ability to build relationships while managing disputes.
• Solid understanding of macroeconomic developments and their impacts.

Responsibilities

• Manage the Market Risk function for the Global Rates and Counterparty portfolios.
• Ensure global consistency of policies and reporting of market risk.
• Oversee risk requests and provide effective challenges to Front-Line units.

Skills

Strong communication skills

Analytical skills

Ability to multitask

Good understanding of financial markets

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

• Implements the new / complex product approval process and limits approval authority and reporting of market risk.
• Oversees 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.
• Oversees risk requests, breach remediations, and provides risk effective challenges for the Front‑Line units.
• Provides insight into the development of market risk coverage plans, execution of monitoring, testing and risk assessments, and market risk reporting for the specific products.
• Understands market trends and their impact on portfolio, using knowledge of stress testing and its applicability to market risk.
• Ensures 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.

Learn more about this role