Global Markets Risk Lead: Rates & Exotic Derivatives

Bank of America; New York (NY); On-site; USD 139,000 - 213,000; Full time

Benefits offered by this job

Discretionary incentive eligible

Industry-leading benefits

Job summary

Bank of America in New York seeks a Market Risk Manager for the Rates desk to oversee market risk exposures, model risk, and risk governance across exotic products. The role interfaces with trading, compliance, finance and operations to monitor, test, and report risk in line with a global risk framework.

Required is a strong academic background, solid knowledge of financial markets, and experience in risk analysis with front-line collaboration.

Qualifications

• Solid academic background, possibly with a postgraduate qualification.
• Good people skills with strong written and verbal communication.
• Knowledge of financial markets and macroeconomics.
• Understanding of financial derivatives and rates exotic modelling.
• Ability to multi-task, prioritize, and meet tight deadlines.
• Experience as a Risk Manager with front line interaction is desirable.

Responsibilities

• Oversees market risk exposures, mitigation strategies, and risk limits in line with appetite and regulatory requirements.
• Oversees risk requests, breach remediations and provides risk challenges for front line units.
• Develops market risk coverage plans, monitors, tests, and reports for specific products.
• Liaises with businesses to understand market trends and portfolio impacts, using stress testing knowledge.
• Ensures adherence to company policies and risk governance.

Skills

Analytical Thinking

Critical Thinking

Portfolio Analysis

Risk Analytics

Collaboration

Decision Making

Oral Communications

Written Communications

Regulatory Compliance

Trading Strategy

Education

Postgraduate qualification

Job description

Bank of America in New York seeks a Market Risk Manager for the Rates desk to oversee market risk exposures, model risk, and risk governance across exotic products. The role interfaces with trading, compliance, finance and operations to monitor, test, and report risk in line with a global risk framework.

Required is a strong academic background, solid knowledge of financial markets, and experience in risk analysis with front-line collaboration.