Global Markets Risk Sr. Manager

ProfilHQ; New York (NY); Presencial; USD 139.000 - 213.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Discretionary incentive eligible

Industry-leading benefits

Descripción de la vacante

Bank of America is seeking a Director-level Risk Manager for the US Rates Non-Linear business in New York. The role requires deep market expertise in non-linear rates derivatives, complex structured products, and robust risk governance.

The candidate will lead risk, valuation, and reporting, partnering with Front Office, Legal, Finance, and Operations to ensure adherence to risk appetite and regulatory expectations. This is a hands-on leadership position with global scope.

Formación

• Postgraduate qualification preferred.
• Strong knowledge of financial markets, macroeconomics, and risk concepts.
• Experience with risk management and front-office interaction is desirable.

Responsabilidades

• Provide authoritative oversight of market risk exposures and mitigation in the US Non-Linear portfolio.
• Lead risk limit enforcement and escalation of breaches with clear remediation expectations.
• Oversee risk reporting, stress testing, and risk governance aligned with risk appetite.
• Collaborate with Front Office, Legal, Finance, and Operations to ensure transparency, valuation and risk controls.
• Mentor team members and drive improvements in risk infrastructure and data quality.

Conocimientos

Analytical Thinking

Critical Thinking

Portfolio Analysis

Risk Analytics

Collaboration

Decision Making

Oral Communications

Presentation Skills

Written Communications

Issue Management

Monitoring, Surveillance, and Testing

Regulatory Compliance

Technical Documentation

Trading Strategy

Educación

Postgraduate qualification

Descripción del empleo

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 local and/or global management and direction of applicable market related risk management functions within a specific product area. Key responsibilities include monitoring and adhering to market risk management policies, procedures, and standards, and implementing new/complex product approval processes, 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:

• Provides oversight of identification of market risk exposures and mitigation strategies and resolutions in accordance with the bank's risk appetite and risk limits identified, as well as regulatory requirements, as applicable
• Provides oversight of risk requests, breach remediations and providing risk effective challenges for front line units
• Oversees development of market risk coverage plans, execution of monitoring, testing and risk assessments, and market risk reporting for specific products
• 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

Managerial Responsibilities:

This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Opportunity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals.
• Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.
• Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
• Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, elevate and debate issues.
• People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
• Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
• Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
• Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.

This is a director level leadership role within Global Markets Risk, responsible for end-to-end oversight of the US Rates Non-Linear business trading business in New York. The director must bring deep market expertise, a command on interest rates complex derivatives, and extensive experience evaluating and challenging complex structured and financing transactions.

The Director must bring deep market expertise and knowledge of non-linear rates derivatives, and extensive experience evaluating and challenging complex structured across different exotic payoffs.

The role carries direct accountability for identifying, evaluating, and escalating material risks; enforcing the firm's risk appetite; and driving a consistently high standard of risk governance across non-linear rates franchise, helping business grow and develop in a sustainable way. The candidate will have a dual reporting line to a regional lead and Global Rates and is expected to operate as a trusted senior partner, a rigorous challenger, and a thought leader across the organization.

Responsibilities:

• Provide authoritative oversight across all major exposures in the US Non-linear portfolio, ensuring senior management receives timely, high-quality risk insights and forward-looking assessments.
• Partner with Business, Legal, Finance, and Operations to ensure new products meet the firm's standards for transparency, valuation, and risk management techniques.
• Act as the principal director level challenger to the Front Office on risk drivers, concentrations, and emerging vulnerabilities, ensuring the business operates firmly within the firm's stated risk appetite.
• Lead enforcement of risk limits, ensuring breaches or material deviations are escalated promptly with clear remediation expectations.
• Partner with Front Office leadership to enhance transparency, strengthen risk discipline, and drive meaningful improvements in portfolio construction and risk-return efficiency.
• Continuously assess developments in market fundamentals, macroeconomics, geopolitics, and cross-asset market structure, translating them into actionable risk guidance for trading management.
• Design and deliver high-impact stress scenarios, quantify portfolio vulnerabilities, and influence strategic repositioning where tail exposures are misaligned with risk appetite.
• Drive enhancements to risk infrastructure, reporting design, data quality, and analytic tooling to ensure precision, robustness, and global consistency.
• Oversee regulatory risk deliverables (e.g., CCAR, internal stress programs, point-of-weakness reviews), ensuring that director level judgment is applied to the integrity of methodologies and outputs.
• Lead independent risk review of bespoke, structured, or novel transactions, ensuring risks are thoroughly understood, accurately quantified, and acceptable under firm-wide governance.
• Mentor and elevate team capabilities across the global risk organization, promoting excellence, sound judgment, and a culture of constructive challenge .

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
• Collaboration
• Decision Making
• Oral Communications
• Presentation Skills
• Written Communications
• Issue Management
• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Technical Documentation
• Trading Strategy

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 information

Pay range

$139,300.00 - $212,500.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This 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.

Benefits

This 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.