Illiquid Markets Risk Manager – AVP (London)

Bank of America; Greater London; On-site; GBP 90,000 - 140,000; Full time

Benefits offered by this job

Private healthcare

Pension plan

Life assurance

Parental leave

Flexible benefits

Job summary

Bank of America in London is seeking a Global Markets Risk Manager to oversee end-to-end Illiquid Traded Risk quantification and monitoring. The role covers risk modelling, governance, and regulatory reporting, with collaboration across Risk, Finance and Model Risk teams.

The right candidate will have a strong quantitative background, experience in risk management modelling or validation, and excellent communication skills to influence senior stakeholders in a fast-paced environment.

Qualifications

• Postgraduate level quantitative background required.
• Experience in risk management modelling and governance.
• Ability to analyze complex risk concepts and communicate clearly.

Responsibilities

• Own the delivery of Illiquid Traded Risk monitoring and quantification for capital forecasting (CCAR/ICAAP).
• Coordinate regulatory deliverables and governance forums (EMA Special Risk, Global Special Risk Forums).
• Provide risk analysis and explanatory commentary to key stakeholders and regulators.
• Support documentation, validation, and monitoring of Pillar 2A models.
• Collaborate with Market Risk, Global Markets Risk Analytics, and other teams to meet IMA obligations.
• Support Risk Manager sign-off within RNIV framework and maintain process documentation.
• Engage with stakeholders across Finance, Enterprise Capital Management and Independent Model Risk Management.

Skills

Quantitative risk management

Model development

Model validation

Market risk knowledge

Analytical thinking

Communication

Education

Postgraduate qualification in quantitative discipline

Job description

Bank of America in London is seeking a Global Markets Risk Manager to oversee end-to-end Illiquid Traded Risk quantification and monitoring. The role covers risk modelling, governance, and regulatory reporting, with collaboration across Risk, Finance and Model Risk teams.

The right candidate will have a strong quantitative background, experience in risk management modelling or validation, and excellent communication skills to influence senior stakeholders in a fast-paced environment.