Commodities Market Risk Manager - Global Desk

ghr; New York (NY); On-site; USD 110,000 - 158,000; Full time

Benefits offered by this job

Benefits eligible

Annual discretionary plan

Job summary

Bank of America is seeking a Market Risk Manager for its Global Commodities desk to oversee risk reporting, stress testing, and limit frameworks. The role interfaces with the trading desk and risk, finance, and operations teams to ensure risk controls and timely insights.

The incumbent will analyze market risk, design mitigation strategies, and communicate changes to senior management. A postgraduate background and strong macro and derivatives knowledge are essential for success.

Qualifications

• Postgraduate qualification and solid academic background.
• Strong communication skills (written and verbal).
• Knowledge of financial markets and macroeconomics.
• Understanding of financial derivatives and rates exotic modelling.
• Ability to multi-task and meet tight deadlines.
• Experience as a Risk Manager with Front Line interaction is desirable.

Responsibilities

• Identify and monitor market risk exposure and develop mitigation strategies.
• Manage risk requests and breach remediations; provide risk challenges for first-line units.
• Set risk parameters and guardrails; design risk scenarios for decisions.
• Develop market risk coverage plans; oversee monitoring, testing and reporting.
• Liaise with businesses to understand market trends and portfolio impacts.

Skills

Analytical Thinking

Critical Thinking

Portfolio Analysis

Risk Analytics

Data and Trend Analysis

Decision Making

Oral Communications

Presentation Skills

Written Communications

Active Listening

Issue Management

Monitoring, Surveillance, and Testing

Regulatory Compliance

Technical Documentation

Education

Postgraduate qualification

Job description

Bank of America is seeking a Market Risk Manager for its Global Commodities desk to oversee risk reporting, stress testing, and limit frameworks. The role interfaces with the trading desk and risk, finance, and operations teams to ensure risk controls and timely insights.

The incumbent will analyze market risk, design mitigation strategies, and communicate changes to senior management. A postgraduate background and strong macro and derivatives knowledge are essential for success.