Job Description:

Market Risk Manager primarily covering the US Macro trading desks in Bank of America’s Global Markets Fixed Income Currencies and Commodities (FICC) businesses in AMRS.
 
Responsible for identifying, managing, and communicating market risk exposures, and independent oversight of the market risks taken by the trading desks. Additionally responsible for assisting with regulatory requirements, queries and exams.
 
The role involves managing significant risk positions and performing quantitative and qualitative analysis for the US Macro business. Candidates should have a quantitative background; prior risk management experience or CVA/credit risk experience is helpful. Key component include:

Working closely with trading desk and other risk and support groups (i.e. Finance, Quants, Technology, etc.) to enhance the overall risk management capabilities

Identifying, managing, and communicating risk exposures

Risk reporting across a broad range of audiences ranging from individual traders, to senior management and regulators

Ensuring robust procedures to maintain regulatory compliance in terms of capital calculations and reporting

Accountability for the accuracy of risk reporting for assigned desks, and performing quality checks prior to submission

Comparing expected P/L based on risk and market movements

 
The market risk manager will additionally assess a broad spectrum of risks for the desk, liaising with other risk functions as necessary, including operational, credit, and counterparty risks.

Core Skills:

There is no unique background defining a successful Risk Manager. However, a quantitative mind, natural curiosity, a desire to challenge the status quo while searching for gaps and trying to see the big picture are key requirements. One or more of the following qualities would be beneficial:

Previous experience as a Risk Manager working directly with the Front Line and performing risk analysis

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 modelling

Ability to multi-task and prioritise across several competing demands, meeting tight deadlines

 
Competencies:

Effective team player

Intellectual curiosity

Excellent problem-solving skills.

Highly motivated with the drive and potential to learn from others.

Shift:

Hours Per Week: