Market Risk Vice President - Global Markets Risk Manager

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 credit & market risk, distributing risk reports, and interfacing with the trading desk and other risk and support groups (i.e., Compliance, Finance, Operations, etc.).

Responsibilities:

• Analyze financing proposals put forth by the trading desk with independent views on credit / structure / collateral and other risks
• Monitor financing trading activity and act as an effective review and challenge function, while setting appropriate position / portfolio level limits to manage credit and market risk
• Assess credit risk for origination transactions as needed and portfolio credit risk evolving with individual credits
• Support new product approvals by assisting with analysis of financing transactions and portfolio risk, ensuring activities align with internal policies, risk appetite and are appropriately captured in risk systems and limit frameworks.
• Monitor and analyze risk sensitivities and investigate drivers of changes across products and risk factors.
• Develop and maintain appropriate reporting tools for financing transactions, covering relevant risks across multiple systems
• Manage risk limits for structured financing activities, including monitoring utilization and escalating breaches in a timely manner
• Work with GVG/Finance and other support departments to keep a strict vigil on the marks and furnish risk views in discussions
• Review the credit and market risk feeds and sign off to ensure accurate and timely reporting of credit and market risk in various bank systems. Participate in designing specifications and test new feeds/systems
• Participate in various New Product/Transaction approval forums
• Participate in review and approval of the relevant risk policies and procedures
• Participate in various business control committees to highlight risk arising from the activities within the region

Skills:

• Candidates will typically have 3-5 years of global market financing risk and/ or fundamental credit analysis experience, with wide coverage across different collateral types (corporates/ sovereigns/ asset backed bonds/ structured assets) and across geographies (including ex-Asia) preferred.
• Preference will be given to candidates with experience in analyzing funding market stress scenarios in a trading context and with strong understanding of market risk management.
• Have excellent writing, presentation, and spreadsheet analysis skills
• Have a positive orientation and an ability to work in a fast paced environment/multi-task under pressure.
• Have a good academic record with commensurate graduate/post-graduate degrees from recognized institutions