Global Markets Risk Manager - GFX & LCT

Bank of America; City Of London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading global financial institution in London is seeking a Global Markets Risk Manager to oversee market risks associated with the GFX & LCT trading desk. The ideal candidate should possess strong financial markets knowledge, excellent problem-solving skills, and effective communication abilities. The role involves assessing and reporting on market risks, proposing limits to senior management, and enhancing risk management capabilities. This is an excellent opportunity for someone with a postgraduate qualification and a desire to make an impact in the financial sector.

Benefits

Private healthcare

Competitive pension plan

20 days of back-up childcare

Flexible benefits

Emotional wellbeing helpline

Employee Assistance Program

Charity contribution matching

Arts & Culture corporate membership

Qualifications

• Solid academic background, ideally with a postgraduate qualification.
• Good people skills demonstrated across various communication styles.
• Knowledge of financial markets and understanding of Macroeconomics.
• Understanding of financial derivatives and modelling.
• Ability to multi-task and prioritize across several competing demands.

Responsibilities

• Review market risk option positions and ensure compliance with firm's risk appetite.
• Propose market risk limits for the trading desk.
• Enhance the firm's risk management capabilities.
• Review risks related to non-standard trades and new products.
• Provide market risk explanations to senior management and regulators.

Skills

Financial markets knowledge

Problem-solving skills

Effective team player

Communication skills

Education

Postgraduate qualification

Job description

Overview

Job Title: Global Markets Risk Manager - GFX & LCT

Corporate Title: Director

Location: London

Company Overview:

At Bank of America, we do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Location Overview:

Our London office is based just a stone’s throw from St. Paul’s Cathedral on King Edward Street. Modern workspaces and a state-of-the-art auditorium space, with an onsite restaurant focused on sustainability. You can access a rooftop terrace, on-site gym facilities and medical centre.

Role Description

This position is in the Market Risk team for a risk manager to cover the GFX&LCT trading desk. In addition to providing independent oversight of the market risks taken by the business, the market risk manager will assess a broad spectrum of risks for the desk, liaising with other risk functions as necessary, including operational, credit, and counterparty risks. This role requires close interaction with the trading desk and other risk and support groups (i.e. Finance, Quants, Technology, etc.). Product knowledge and quantitative skills are necessary.

Responsibilities

• Review market risk option positions, particularly under potential risk scenarios, and raise challenges to the desk if necessary. Liaise closely with the businesses to understand market trends and to report exposure under different market conditions.
• Propose to senior management appropriate market risk limits for the trading desk within the firm's risk appetite.
• Help enhance the firm's risk management capabilities.
• Review risks related to non-standard or structured trades and new products. Liaise closely with the business and other support functions to determine the nature and size of risks and ensure they are within the firm’s risk appetite.
• Provide detailed explanations of the market risk of the desk, both internally to senior management and the trading desk, and externally to the Bank's regulators.

What we are looking for

• Solid academic background, which may include a postgraduate qualification
• Good people skills demonstrated across various communication styles (both written and verbal)
• Knowledge of financial markets, ideally with solid understanding of Macroeconomics
• Understanding of financial derivatives, option’s and modelling
• Ability to multi-task and prioritize across several competing demands, meeting tight deadlines
• Effective team player
• Intellectual curiosity
• Excellent problem-solving skills
• Highly motivated with the drive and potential to learn from others

Skills that will help

• Previous experience as a Risk Manager working directly with the Front Line and performing risk analysis on FX option products and derivatives is desirable

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: Code of Conduct

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.