Markets Risk Manager (Global Credit and Special Situations), AVP / VP

Recruiter
Bank of America
Location
Lambeth, UK
Salary
Competitive
Posted
15 Sep 2019
Closes
22 Sep 2019
Ref
1236767327
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
Job Description:Corporate Title: Assistant Vice President or Vice PresidentLocation: LondonLine of Business: Global RiskHere in our London office we are looking for a Global Markets Risk Manager to manage the market risks within the Global Credit and Special Situations (GCSS) trading business in Europe. Product coverage include but are not limited to corporate bonds, loans, TRS, CDS, CDS indices, options, tranches, CLOs and CLNs across the capital structure, including distressed products. Employees in EMEA benefit from working in a company that invests billions of dollars each year in leading-edge technology, and from working in a company that excels in delivering operating services.Our team expects excellence, rewards high performance, develops its leaders, encourages innovation, demands integrity, cultivates trust and teamwork, and promotes diversity and inclusion. That culture, combined with market leadership and a wide array of professional opportunities, enables us to attract and retain the brightest minds in the business.What will your main responsibilities involve?Identify and analyse all significant risks across the line of businesses and ensure Senior Management are kept informed.Report and monitor positions against Market Risk limits.Liaise closely with the business to detail any overages and set limits.Review risks related to new products, non-standard trades, structured deals and new business strategies.Working with the business and other support functions to assess the risks and ensure they are within the firm's risk appetite.Identify risk concentration under which the business could incur material losses.Validate and produce information that is distributed to the regulators.Assist in ad-hoc risk related queries, drill down analysis, VaR analysis or risk trends.Contribute to the development of the Market Risk team and to the positive working environment.Represent the Market Risk function in cross functional projects - migration and larger scale system changes.What skills and qualifications will you ideally possess?Experience with credit trading across the credit spectrum from investment grade to distressed including structured products.An understanding of fixed income markets, asset classes and products (structures, valuations, risk metrics, correlations, etc.).An understanding of market risk metrics, credit, the Greeks, VaR and stress scenarios.Experience with INTEX, cash flow models and CLO pricing is a plus.Handle disputes, negotiate with traders and enforce difficult decisions.Exceptionally detailed oriented, self-motivated and driven to make improvements.Degree in numerate subjects or equivalent experience.Market Risk management experience at a financial institution.Proficient in Excel (VBA skills are desirable) and database management.Excellent communication skills (Written & Verbal).About Bank of America Merrill Lynch Bank of America is one of the world's leading financial institutions, serving individual consumers, small- and middle-market businesses, large corporations and governments with a full range of financial and risk management products and services. Bank of America Merrill Lynch is the marketing name for the global banking and markets businesses. The company has had a presence in EMEA since 1922. With offices in 19 countries on three continents, it offers an integrated and comprehensive set of products and services across Global Corporate and Investment Banking, Global Markets and Consumer Card, serving the needs of individual, corporate, institutional and government clients, combining the best of local knowledge and global expertise. Developing solutions for social and environmental challenges is at the core of Bank of America Merrill Lynch's responsibility platform. In more than 90 countries around the world, we partner with employees, clients and stakeholders to help make financial lives better.Apply If you're interested in this opportunity please send your details to us by applying online. Good conduct and sound judgement is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mindset are the cornerstones of our Code of Conduct and are at the heart of managing risk well. We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.Full time

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