Global Markets Risk Manager

Bank of America Corporation; City of Westminster; On-site; GBP 90,000 - 140,000; Full time

Benefits offered by this job

Private healthcare

Pension plan

Life assurance

Family leave

Job summary

Bank of America Corporation in London is seeking a quantitative risk professional to lead illiquid traded risk quantification, monitoring, and governance, supporting capital forecasting and regulatory exercises. You will coordinate regulatory deliverables, provide risk analysis to stakeholders, and drive model validation and governance across multiple teams.

The role requires strong analytical skills, deep knowledge of market risk modelling, and experience in risk management, with a proactive,

Qualifications

• Strong academic background with postgraduate qualification in quantitative discipline.
• Experience in quantitative risk management, such as model development or validation, is desirable.
• Knowledge of financial markets across a broad range of asset classes.
• Understanding of market risk modelling methodologies and governance frameworks.
• Excellent analytical and communication skills; able to explain complex risk concepts.

Responsibilities

• Own the delivery of Illiquid Traded Risk monitoring and quantification to support capital forecasting (e.g., CCAR, ICAAP).
• Coordinate regulatory deliverables and governance forums.
• Provide risk analysis and explanatory commentary to stakeholders and regulators.
• Support documentation, validation, and monitoring of Pillar 2A models.
• Collaborate with Risk teams to meet IMA obligations via Market Risk Model Change processes.
• Support Risk Manager sign-off within RNIV framework.
• Maintain process documentation within the Single Process Inventory.
• Collaborate with Market Risk, Global Markets Risk Analytics, Independent Model Risk Management, Finance and Enterprise Capital Management.

Skills

Global risk management

Quantitative analysis

Regulatory governance

Stakeholder communication

Model validation

Market risk

Education

Postgraduate qualification in quantitative discipline

Job description

The key responsibility of this role is to support and oversee the end-to-end Illiquid Traded Risk quantification and monitoring. In addition, the role will support activities related to market risk modelling ranging from quantitative tasks to governance routines.

Key responsibilities

• Own the delivery of Illiquid Traded Risk monitoring and quantification to support capital forecasting, including CCAR and ICAAP exercises.
• Coordinate regulatory deliverables and associated governance forums, including EMA Special Risk and Global Special Risk Forums.
• Provide risk analysis and explanatory commentary to key stakeholders and respond to ad hoc queries from senior management and regulators.
• Support the documentation, validation, and ongoing performance monitoring of Pillar 2A models.
• Partner with Legal Entity Risk teams to meet Internal Models Approach (IMA) obligations through support of the Market Risk Model Change process, model performance monitoring, and associated governance activities.
• Support Risk Manager sign-off within the Risk Not in VaR (RNIV) framework.
• Maintain process documentation within the Single Process Inventory as relevant.
• Collaborate closely with stakeholders across Market Risk, Global Markets Risk Analytics, Independent Model Risk Management, Finance, and Enterprise Capital Management.
  Strong academic background, preferably including a postgraduate qualification in a quantitative discipline.
• Previous experience in a quantitative risk management role, such as model development, model validation, or market risk management, is desirable.
• Knowledge of financial markets, with a solid understanding of a broad range of asset classes.
• Understanding of market risk modelling methodologies and model governance frameworks.
• Strong analytical and problem-solving skills with the ability to interpret and communicate complex risk concepts.
• Ability to manage multiple priorities and deliver high-quality work within tight deadlines.
• Excellent written and verbal communication skills, with the ability to engage effectively with stakeholders at all levels.
• Effective team player with a collaborative approach.
• Intellectual curiosity and a willingness to challenge existing practices constructively.
• Highly motivated, with a strong desire to learn and develop.
• Demonstrates initiative, ownership, and accountability.

Skills that will help

• Global Risk Management experience

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Benefits

• 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.

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.