Global Markets Risk Manager - GFX & LCT

Bank of America; London, North East Derbyshire; On-site; GBP 70,000 - 110,000; Full time

Job summary

An established industry player is seeking a Global Markets Risk Manager to oversee market risks and collaborate closely with trading desks. This role demands strong analytical skills and a solid understanding of financial markets and derivatives. The successful candidate will enhance risk management capabilities and communicate effectively with both internal teams and external regulators. Join a dynamic team that values diversity and offers a supportive environment for professional growth, while enjoying a range of competitive benefits and opportunities to make an impact in the financial sector.

Benefits

Private Healthcare

Competitive Pension

Life Assurance

Income Protection

Flexible Benefits

Mental Health Support

Employee Assistance Program

Charitable Donation Options

Discounted Cultural Memberships

Community Volunteering Opportunities

Qualifications

• Experience as a Risk Manager with direct risk analysis.
• Solid academic background, possibly with postgraduate qualifications.

Responsibilities

• Review market risk positions and communicate challenges.
• Recommend market risk limits to senior management.

Skills

Risk Analysis

Communication Skills

Financial Markets Knowledge

Macroeconomics Understanding

Problem-Solving Skills

Team Collaboration

Multitasking

Education

Postgraduate Qualifications

Bachelor's Degree

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 located near St. Paul’s Cathedral on King Edward Street. It features modern workspaces, a state-of-the-art auditorium, an onsite restaurant focused on sustainability, a rooftop terrace with views of London, an onsite gym, and a medical centre.

Role Description:

This position is within the Market Risk team, focusing on the GFX&LCT trading desk. The risk manager will provide independent oversight of the market risks, assess a broad spectrum of risks, and liaise with other risk functions such as operational, credit, and counterparty risks. The role involves close interaction with the trading desk and support groups like Finance, Quants, and Technology. Product knowledge and quantitative skills are essential.

Responsibilities:

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

What we are looking for:

1. Previous experience as a Risk Manager working directly with the Front Line and performing risk analysis is desirable.
2. A solid academic background, possibly including postgraduate qualifications.
3. Strong communication skills, both written and verbal.
4. Knowledge of financial markets, with a good understanding of Macroeconomics.
5. Understanding of financial derivatives and modeling.
6. Ability to multitask and prioritize under tight deadlines.
7. Effective team player with intellectual curiosity.
8. Excellent problem-solving skills.
9. Highly motivated with the drive and potential to learn from others.

Benefits of working at Bank of America:

UK:

• Private healthcare for you and your family, plus an annual health screen.
• Competitive pension, life assurance, and income protection.
• Back-up childcare and adult care support.
• Flexible benefits including wellbeing accounts, travel insurance, and critical illness cover.
• Access to mental health support and virtual GP services.
• Confidential Employee Assistance Program.
• Charitable donation options with company matching.
• Discounted cultural institution memberships.
• Opportunities for community volunteering and skill development.

Our Commitment:

We uphold high standards of conduct and accountability, emphasizing individual responsibility and ownership. We are an equal opportunities employer, committed to accessible recruitment processes and encouraging candidates to disclose any adjustment needs.