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Global Markets Risk Senior Manager (Commodities)

Bank of America

Bank of America

Paris, France · United States · Remote
Posted on Wednesday, June 19, 2024

Job Description:

Job Title: Global Markets Risk Senior Manager (Commodities)

Corporate Title: Up to VP

Location: Paris

Company Overview:

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!

Location Overview:

Based in the 8th arrondissement and within the Parisian Golden Triangle, our beautiful Art-Deco era office benefits from luxury modern workspaces, an abundance of natural light and is easily accessible by public transport.

Role Description:

Market Risk Manager for EMEA Commodities, reporting to the Head of Commodities risk, supporting crucial risk management oversight and analysis for a broad range of trading activities within the Commodities line of business. Resource to support business focused on 1) Building franchise in Power and Gas in Paris across a series of energy markets (Germany, France, Spanish and UK power) and expanding in Canada energy market; 2) Expand the trading of ferrous and non-ferrous metals in exchanges in Asia/China (one of the largest pools of liquidity for this market).

Responsibilities:

  • Providing oversight of identification of market risk exposures and mitigation strategies and resolutions in accordance with the bank's limits, as well as regulatory requirements, as applicable
  • Providing oversight of risk requests, breach remediations and providing risk effective challenges for front line units
  • Overseeing development of market risk coverage plans, execution of monitoring, testing and risk assessments, and market risk reporting for specific products
  • Liaising with businesses to understand market trends and impacts on portfolio, using knowledge of stress testing and its applicability to market risk
  • Ensuring adherence to the policies and procedures established by the company
  • To foster a culture of continuous improvements and risk awareness across the organization at all level of seniority, especially related to the products traded in Global Commodities.

What we are looking for:

  • A 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 a solid understanding of Macroeconomics
  • An understanding of financial derivatives and modelling
  • Ability to multi-task and prioritize across several competing demands, meeting tight deadlines

Skills that will help:

  • Excellent problem-solving skills
  • Highly motivated with the drive and potential to learn from others
  • Previous experience as a Risk Manager working directly with the Front Line and performing risk analysis is desirable

Benefits of working at Bank of America:

France

  • Competitive retirement plan in addition to State plans
  • Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.
  • Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers
  • Life and disability insurance
  • Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later
  • Reimbursement of 50% of your commuter pass
  • Nursery scheme for children under age 3
  • Works council benefits
  • Access to an Employee Assistance Programme for confidential support and help for everyday matters
  • Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities
  • Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

Bank of America:

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 sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or 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.