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Vice President, Global Markets Risk Manager

Bank of America

Bank of America

Posted on Friday, June 14, 2024

Job Description:

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!

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:

  • Analyze financing proposals put forth by the Asia Distressed and Special Situations Desk with independent views on credit/structure/collateral and other risks
  • Analyze issuer risk limit proposals put forth by APAC Global Markets with independent views on the credit, market liquidity, trading velocity and other risks
  • Monitor Asia Distressed and Special Situations Desk trading activity and act as an effective review and challenge function, while setting appropriate position/ portfolio level limits to manage credit and market risks
  • Assess the credit risk exposure evolving with individual credits as well as the Asia Distressed and Special Situations Desk portfolio as a whole with a view to prepare Credit Memos/ Portfolio risk reports on a regular basis
  • Prepare risk reports and provide updates to various forums/calls on a regular basis on the portfolio
  • Provide timely analysis and commentary on issuer risk across APAC to various stakeholders including the front office, country risk executives and other Risk groups
  • Work with GVG/Finance and other support departments to keep a strict vigil on the marks and furnish credit views in discussions
  • Review the credit and market risk feeds and sign off to ensure accurate and timely reporting of credit and market risk in various bank systems. Participate in designing specifications and test new feeds/systems
  • Participate in various New Product/Transaction approval forums
  • Participate in review and approval of the credit risk and issuer risk policies and procedures
  • Participate in various business control committees to highlight risk arising from the activities within the region

Skills:

  • Candidates will typically have over 5 years of fundamental credit analysis experience, with wide coverage across corporates, financial institutions and sovereigns preferred. The position can be suitably upgraded to suit candidates with higher experience if there is genuine interest and there is a good fit
  • Preference will be given to candidates with experience in analyzing distressed/special situation/structured credits and with a background in market risk management.
  • Have excellent writing, presentation and spreadsheet analysis skills • Have a positive orientation and an ability to work in a fast paced environment/multi-task under pressure.
  • Have a good academic record with commensurate graduate/post-graduate degrees from recognized institutions