Global Markets Risk Manager

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

Responsibilities:

Identifies and monitors market risk exposure and develops mitigation strategies and resolutions in accordance with the bank's risk appetite and risk limits identified, as well as regulatory requirements, as applicable

Manages risk requests, breach remediations and providing risk effective challenges for front line units

Sets managing risk parameters and guardrails for market risk, while ensuring adherence to risk appetite and limits, and actively designing risk scenarios to implement decisions

Develops market risk coverage plans, oversees execution of monitoring, testing and risk assessments, conducts analysis and develops market risk reporting for specific products and communicates changes to senior management

Liaisons with businesses to understand market trends and impacts on portfolio, using knowledge of stress testing and its applicability to market risk

Ensures adherence to the policies and procedures established by the company

This position is in the Market Risk Management team covering Global Commodities trading desks. In addition to providing independent oversight of the market risks taken by trading desks. The market risk manager will assess a broad spectrum of risks, liaising with other risk functions as necessary, including operational, credit, and counterparty risks. This role requires close interaction with the trading desk and other risk and support groups (i.e. Finance, Quants, Technology, etc.). Product knowledge and quantitative skills are necessary.

Specific responsibilities include:
This job is responsible for the analysis, monitoring and reporting applicable market related risks taken within Global Commodities. Key responsibilities include analysis and reporting of market risk, stress testing, designing limit frameworks and interfacing with the trading desk and other risk and support groups (i.e., Compliance, Finance, Operations, etc.).

Required Qualifications:

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 rates exotic modelling

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

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

Desired Qualifications:

Effective team player

Intellectual curiosity

Excellent problem-solving skills

Highly motivated with the drive and potential to learn from others

Skills:

Analytical Thinking

Critical Thinking

Portfolio Analysis

Risk Analytics

Data and Trend Analysis

Decision Making

Oral Communications

Presentation Skills

Written Communications

Active Listening

Issue Management

Monitoring, Surveillance, and Testing

Regulatory Compliance

Technical Documentation

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$110,000.00 - $158,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.