Senior EMEA Counterparty Risk Manager (VP-Level)

Bank of America; Greater London; On-site; GBP 110,000 - 190,000; Full time

Benefits offered by this job

Private healthcare

Pension plan

Life assurance

Flexible benefits

Wellbeing resources

Job summary

Bank of America in London seeks a Counterparty Credit Risk Manager to oversee second line risk for Prime Financing, Cleared Derivatives and regional clients across EMEA. This role demands strong analytical abilities, cross-asset knowledge, and the judgment to challenge risk when needed.

You will partner with first line risk and business teams, build relationships with senior stakeholders, and participate in EMEA risk forums to drive effective risk governance.

Qualifications

• Several years in a risk management role with exposure to hedge funds, financial institutions, and prime financing/clearing risk.
• Strong understanding of quantitative and qualitative risks in financing and clearing businesses is desirable.

Responsibilities

• Second line risk management for Prime Financing and Cleared Derivatives.
• Oversee counterparty risk for EMEA hedge funds, principal trading firms and financial institutions.
• Ensure EMEA risk framework and procedures are implemented and followed; identify and escalate issues.
• Review portfolio exposure via stress testing and CCR analytics; oversee limit utilizations.
• Calibrate limits, margins and exposures using counterparty credit information from FO Credit risk teams.
• Collaborate with first line risk function and business to understand evolving risks.
• Build relationships with senior stakeholders across risk, origination and credit functions.
• Participate in risk management forums and lead agendas from an EMEA perspective.

Skills

Hedge Fund counterparty risk

Cross-asset risk

Prime Financing

Derivatives knowledge

Analytical skills

Stakeholder management

Job description

Bank of America in London seeks a Counterparty Credit Risk Manager to oversee second line risk for Prime Financing, Cleared Derivatives and regional clients across EMEA. This role demands strong analytical abilities, cross-asset knowledge, and the judgment to challenge risk when needed.

You will partner with first line risk and business teams, build relationships with senior stakeholders, and participate in EMEA risk forums to drive effective risk governance.