Global Markets Risk Manager - Global Mortgages & Securitized Products

Job Description

Job Title: Global Markets Risk Manager - Global Mortgages & Securitized Products

Corporate

Title:

up to Vice President

Location: London

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!

Our London office is based just a stone's throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern work spaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London.

Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

You will be working with the Global Markets Risk team, based in London, covering the Global Mortgages & Securitized Products business.

In addition to providing independent Market Risk oversight of local structured products (ABS/RMBS/CMBS) trading and loan origination activity, the role will involve liaising with other Risk functions as necessary to assess a broad spectrum of risks (e.g. Credit, Operational, Counter party risks) and ensure that activity fits within firm risk appetite. The role also requires close interaction with the trading/structuring desks and other support groups (e.g., Finance, Quants, Technology, etc.).

• Review trading portfolios and associated risk metrics, liaising closely with the business to understand current/evolving market trends and assess impact on the firm's portfolios.
• Analyse and assess structured trades, including via cash flow modelling and idiosyncratic stress scenario generation.
• Assess commercial real estate and asset-backed lending opportunities across a range of collateral types.
• Identify and assess risks related to new products and business initiatives.
• Report and monitor positions against market risk metrics and limits.
• Summarise risk views for senior management to ensure they are kept informed of developments in the portfolio.
• Participate in stress testing and capital planning exercises, including identifying; and analysing key points of weakness and illiquid risks across the firm's portfolios.
• Assist in ad-hoc Risk-related queries and projects; bespoke risk analysis, reports and analysis for regulators.
• Ensure risks are fed to and accurately captured by the Bank's risk systems and methodology.

• Excellent academic background, which may include a postgraduate qualification
• Working knowledge of financial markets
• Good analytical knowledge of traded products and their valuation & risk profiles in positioning and hedging exposures
• Highly proficient in desktop data manipulation e.g. Excel (models, pivots), Access, etc.
• Excellent written and verbal communication skills
• Ability to work in a high-energy and demanding environment, taking care of multiple things at any given time

• Private healthcare for you and your family plus an annual health screen to help you manage your physical…