Global Markets Sr Risk Manager - Mortgages & Securitized Products (VP/Director)

Bank of America; New York (NY); On-site; USD 138,000 - 216,000; Full time

Job summary

An established industry player seeks a Global Markets Sr Risk Manager to oversee market risk exposures and develop mitigation strategies. In this pivotal role, you'll leverage your extensive experience in market risk and quantitative finance to ensure compliance with regulatory requirements while collaborating with senior leadership. This position offers a dynamic work environment where you can make significant contributions to risk management strategies and drive responsible growth. If you're ready to take on a challenging role that impacts financial lives, this opportunity is perfect for you.

Qualifications

• 10+ years of Market Risk or front office experience, familiar with VaR, stress testing.
• Strong understanding of real estate and credit markets.

Responsibilities

• Provide oversight of market risk exposures and mitigation strategies.
• Collaborate with businesses to understand market trends and their impact.

Skills

Analytical and critical thinking

Portfolio analysis and risk analytics

Collaboration and decision making

Effective communication (oral and written)

Issue management and regulatory compliance

Technical documentation and trading strategy expertise

Tools

Excel

VBA

MS Access

Job description

Join to apply for the Global Markets Sr Risk Manager - Mortgages & Securitized Products (VP/Director) role at Bank of America

1 week ago Be among the first 25 applicants

Join to apply for the Global Markets Sr Risk Manager - Mortgages & Securitized Products (VP/Director) role at Bank of America

This range is provided by Bank of America. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$138,000.00/yr - $215,500.00/yr

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Responsibilities

• Provide oversight of market risk exposures, mitigation strategies, and resolutions in line with risk appetite, limits, and regulatory requirements.
• Oversee risk requests, breach remediations, and challenge front line units effectively.
• Develop market risk coverage plans, execute monitoring, testing, and assessments, and report on market risk for specific products.
• Collaborate with businesses to understand market trends and their impact on portfolios, utilizing stress testing knowledge.
• Ensure compliance with established policies and procedures.
• Evaluate new transactions involving trading or lending books, including securitization capital treatment.
• Analyze complex client solutions, negotiate terms, and ensure optimal outcomes for the firm.
• Apply analytical expertise in structured products and capital markets to guide transaction lifecycle management.
• Monitor emerging themes and concentration risks across portfolios.
• Engage with senior leadership on strategic risk direction.

Required Qualifications

• 10+ years of Market Risk or front office experience, familiar with VaR, stress testing, etc.
• Strong understanding of real estate and credit markets.
• Proven quantitative finance or risk background.
• Excellent relationship management, negotiation, and decision-making skills.
• Clear communication skills tailored to traders, management, and other stakeholders.
• Understanding of IT systems and development processes.
• Ability to multitask, prioritize, and meet deadlines.
• Strong problem-solving skills.

Desired Qualifications

• Knowledge of regulatory environment affecting market risk.
• Experience in real estate or credit market risk.
• Motivation for fast-paced environments.
• Proficiency with Excel, VBA, MS Access.

Skills

• Analytical and critical thinking
• Portfolio analysis and risk analytics
• Collaboration and decision making
• Effective communication (oral and written)
• Issue management and regulatory compliance
• Technical documentation and trading strategy expertise

Shift

1st shift (United States of America)

Hours Per Week

40