Global Markets Risk Manager - GFX & LCT

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

Job summary

An established industry player is seeking a Global Markets Risk Manager to oversee market risks within the GFX & LCT trading desk. This role demands a blend of quantitative skills and product knowledge, as you will liaise with various operational and support teams. You'll be responsible for reviewing market risk positions, proposing risk limits, and enhancing the firm's risk management capabilities. The ideal candidate will have a solid academic background, experience in risk management, and strong communication skills. Join a dynamic team committed to responsible growth and making a meaningful impact in the financial sector.

Benefits

Private Healthcare

Competitive Pension

Flexible Benefits

Employee Assistance Program

Charity Donation Matching

Arts & Culture Memberships

Community Volunteering Opportunities

Qualifications

• Experience as a Risk Manager with strong risk analysis skills.
• Postgraduate qualifications preferred, solid academic background.

Responsibilities

• Review market risk positions and challenge the desk as needed.
• Propose market risk limits to senior management.

Skills

Risk Analysis

Communication Skills

Financial Markets Knowledge

Problem-Solving Skills

Quantitative Skills

Education

Postgraduate Qualifications

Solid Academic Background

Job description

Job Description:

Job Title: Global Markets Risk Manager - GFX & LCT

Corporate Title: Director

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. 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. It features modern workspaces, a state-of-the-art auditorium, an onsite restaurant committed to sustainability, a rooftop terrace with views across London, and onsite gym facilities and a medical centre.

Role Description:

This position is within the Market Risk team, supporting the GFX&LCT trading desk. The risk manager will oversee market risks, liaising with operational, credit, and counterparty risk functions. The role requires close interaction with trading and support groups such as Finance, Quants, and Technology. Product knowledge and quantitative skills are essential.

Responsibilities:

1. Review market risk positions, especially under potential risk scenarios, and challenge the desk as needed. Understand market trends and report exposures under different conditions.
2. Propose appropriate market risk limits to senior management within the firm's risk appetite.
3. Enhance the firm's risk management capabilities.
4. Review risks of non-standard or structured trades and new products, ensuring risks are within the firm’s risk appetite.
5. Provide detailed risk explanations internally to senior management and the trading desk, and externally to regulators.

What we are looking for:

• Experience as a Risk Manager working directly with the Front Line and risk analysis skills are desirable.
• Solid academic background, including postgraduate qualifications preferred.
• Strong communication skills, both written and verbal.
• Knowledge of financial markets and macroeconomics.
• Understanding of financial derivatives and modeling.
• Ability to multitask and prioritize under tight deadlines.
• Effective team player with intellectual curiosity.
• Excellent problem-solving skills.
• Highly motivated with a willingness to learn from others.

Benefits of working at Bank of America:

• Private healthcare for you and your family, with annual health screening 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.
• Access to emotional wellbeing helplines, mental health support, and virtual GP services.
• Employee Assistance Program for confidential support.
• Charity donation matching through payroll.
• Access to Arts & Culture memberships and cultural institution discounts.
• Opportunities for community volunteering and skill development.

Our Commitment:

Bank of America emphasizes good conduct, sound judgment, and individual accountability. We are committed to equal opportunity employment and accessible recruitment processes. We encourage candidates to inform us of any adjustment requirements during the application process.