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Global Market Risk Manager

Employer
myGwork
Location
UK
Salary
Competitive
Closing date
28 Jun 2022

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Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
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Job Description:

This is an opportunity for a highly motivated individual to join the Global Markets and Financial Risk team as a Risk Manager for EMEA Equities, based in London or Paris, reporting to the Co-Heads of Global Equities risk.

The EMEA Equities team is providing crucial risk management oversight and analysis for a broad range of trading activities within the Equity line of business such as Cash Equities, Derivatives, Structured Products, Financing, Emerging Markets Trading, etc.

The successful candidate is expected to be a market risk manager covering one or more of these businesses in EMEA, as well as working across the entire Equity business with other colleagues globally. The role requires a thorough understanding of risk management practices in Equity markets and appreciation for financial products like derivatives. The successful candidate must be able to build strong relationships with the trading desk and other control partners while maintaining independence in order to enhance our overall risk management capabilities, uphold our risk framework and adhere to established governance

Responsibilities
  • Identify and analyse all significant risks across the equities line of businesses and ensure senior management is kept informed of these risks.
  • Communicate on daily basis with traders in your coverage area (in London or Paris or other regions) on topics such as new market developments, exposure to limits, new trades, or any ad-hoc risk issue. Understand and be able to explain trading strategies and PL drivers.
  • Produce accurate risk reports, analyse and interpret risk/stress results changes and monitor positions against Market Risk limits, with a solid understanding of modelling assumptions for each risk factors. Liaise closely with the business to resolve any overages and set limits.
  • Review and challenge new trade proposals and new products and provide recommendation for senior management approval or rejection.
  • Ensure risks are well captured by the Bank's risk systems and methodology. Assist the implementation and testing of new risk management systems.
  • Liaise closely other colleagues within Risk and in other areas (Legal, Compliance, MO, Finance...) on a variety of projects such as new products, regulatory topics, material P&L events, potential operational risks etc.
  • Identify and calculate potential stress scenario under which a portfolio could incur material losses (point of weakness analysis).
  • Contribute to the development of the risk team and to a positive working environment.

Skills & Experience
  • Strong mathematical skills with an honours degree in engineering, math, physics or other numerate subject.
  • Previous experience in Market Risk Management or in a related function in front office.
  • Self-motivated, intellectually curious and enthusiastic.
  • Effective team player with strong interpersonal skills.
  • Strong attention to details.
  • Able to build solid relationships with the front office while maintaining independence.
  • Derivatives product knowledge in Equities or in another asset class is highly desirable.
  • Good understanding of Equity markets.

Bank of America:

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgment 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 mind-set 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.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

This employer is a corporate member of myGwork - LGBTQ+ professionals, the business community for LGBTQ+ professionals, students, inclusive employers & anyone who believes in workplace equality.
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