Global Markets Risk Manager

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

Job Description:

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This job is responsible for the reporting, analysis, and monitoring applicable market related risks taken within a specific product area. Key responsibilities include analysis of model risk, analysis and reporting of market risk, distributing the market risk reports, and interfacing with the trading desk and other risk and support groups (i.e., Compliance, Finance, Operations, etc.).

Responsibilities:

• Identifies and monitors market risk exposure and develops mitigation strategies and resolutions in accordance with the bank's risk appetite and risk limits identified, as well as regulatory requirements, as applicable
• Manages risk requests, breach remediations and providing risk effective challenges for front line units
• Sets managing risk parameters and guardrails for market risk, while ensuring adherence to risk appetite and limits, and actively designing risk scenarios to implement decisions
• Develops market risk coverage plans, oversees execution of monitoring, testing and risk assessments, conducts analysis and develops market risk reporting for specific products and communicates changes to senior management
• Liaisons with businesses to understand market trends and impacts on portfolio, using knowledge of stress testing and its applicability to market risk
• Ensures adherence to the policies and procedures established by the company

This position is in the Market Risk Management team covering Global Commodities trading desks. In addition to providing independent oversight of the market risks taken by trading desks. The market risk manager will assess a broad spectrum of risks, liaising with other risk functions as necessary, including operational, credit, and counterparty risks. This role requires close interaction with the trading desk and other risk and support groups (i.e. Finance, Quants, Technology, etc.). Product knowledge and quantitative skills are necessary.

Specific responsibilities include:

This job is responsible for the analysis, monitoring and reporting applicable market related risks taken within Global Commodities. Key responsibilities include analysis and reporting of market risk, stress testing, designing limit frameworks and interfacing with the trading desk and other risk and support groups (i.e., Compliance, Finance, Operations, etc.).

Required Qualifications:

• Solid academic background, which may include a postgraduate qualification
• Good people skills demonstrated across various communication styles (both written and verbal)
• Knowledge of financial markets, ideally with solid understanding of Macroeconomics
• Understanding of financial derivatives and rates exotic modelling
• Ability to multi-task and prioritize across several competing demands, meeting tight deadlines
• Previous experience as a Risk Manager working directly with the Front Line and performing risk analysis is desirable

Desired Qualifications:

• Effective team player
• Intellectual curiosity
• Excellent problem-solving skills
• Highly motivated with the drive and potential to learn from others

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

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$110,000.00 - $158,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.