Global Markets Risk Manager

Bank of America; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

A leading financial institution seeks a Global Markets Risk Manager in London to oversee market risk for structured products. The role requires collaboration with trading desks and involves analyzing risks, reporting to senior management, and ensuring alignment with the firm's risk appetite. Candidates should have strong financial market knowledge and excellent communication skills, with proficiency in data manipulation tools. Join a diverse team committed to responsible growth and employee well-being.

Benefits

Private Healthcare

Competitive Pension

Life Assurance

Income Protection

Flexible Benefits

Mental Health Support

Qualifications

• Strong academic background, possibly with postgraduate qualifications.
• Knowledge of financial markets and traded products.

Responsibilities

• Review trading portfolios and risk metrics, understanding market trends.
• Analyze structured trades, including cash flow modeling.
• Monitor and report on positions against risk metrics.

Skills

Communication

Data Manipulation

Financial Markets Knowledge

Education

Postgraduate Qualifications

Tools

Excel

Access

Job description

Job Description:

Job Title: Global Markets Risk Manager (Mortgages and Securitised Products)

Corporate Title: up to VP

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.

We are committed to being a diverse and inclusive workplace, investing in our teammates and their families with competitive benefits to support their well-being.

Bank of America values collaboration and flexibility, offering a range of work arrangements depending on the role.

Working here offers opportunities to learn, grow, and make an impact. Join us!

Location Overview:

Our London office is near St. Paul’s Cathedral, featuring modern workspaces, an auditorium, an onsite restaurant with sustainable seasonal menus, a rooftop terrace with views of London, and onsite gym and medical facilities.

The Team:

You will work with the Global Markets Risk team in London, focusing on the Global Mortgages & Securitized Products business.

Role Description:

This role involves providing independent Market Risk oversight of local structured products (ABS/RMBS/CMBS) trading and loan origination activities. It requires liaising with other Risk functions to assess various risks (Credit, Operational, Counterparty) and ensuring activities align with the firm’s risk appetite. Close interaction with trading/structuring desks and support groups (Finance, Quants, Technology) is essential.

Responsibilities:

1. Review trading portfolios and risk metrics, understanding market trends and their impact on portfolios.
2. Analyze and assess structured trades, including cash flow modeling and stress scenario generation.
3. Assess real estate and asset-backed lending opportunities across various collateral types.
4. Identify and evaluate risks related to new products and initiatives.
5. Monitor and report on positions against risk metrics and limits.
6. Summarize risk views for senior management to keep them informed.
7. Participate in stress testing and capital planning, identifying vulnerabilities and illiquid risks.
8. Handle ad-hoc risk queries, bespoke analysis, and regulatory reporting.
9. Ensure risks are accurately captured in the Bank’s risk systems and methodologies.

What we are looking for:

• Strong academic background, possibly with postgraduate qualifications.
• Knowledge of financial markets.
• Understanding of traded products, valuation, and risk profiles for positioning and hedging.
• Proficiency in data manipulation tools like Excel and Access.
• Excellent communication skills, both written and verbal.
• Ability to work effectively in a high-energy, demanding environment managing multiple tasks.

Benefits of working at Bank of America:

UK:

• Private healthcare for you and your family, including an annual health screen and options for additional screenings.
• Competitive pension, life assurance, and income protection plans.
• Back-up childcare and adult care support.
• Flexible benefits including wellbeing accounts, travel insurance, and critical illness coverage.
• Mental health support services.
• Charitable donation matching program.
• Access to arts, culture, and community volunteering opportunities.

Our Commitment:

We uphold high standards of conduct and accountability, emphasizing individual responsibility and a strong ethical culture. We are an equal opportunity employer, committed to inclusive recruitment and accessible processes for all candidates.