Rates And Cpm Market Risk Manager

Rates and CPM Market Risk Manager
New York, New York
**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.
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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:**
+ 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 for a risk manager within the Rates and Counterparty Portfolio Management team.
In addition to providing independent oversight of the market risks taken by the business, the market risk manager will assess a broad spectrum of risks for the desk, 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.

**Requirements:**
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 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
Key Skills
Effective team player
Intellectual curiosity
Excellent problem-solving skills
Highly motivated with the drive and potential to learn from others
**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 - $157,800.00 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.

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This communication provides information about certain Bank of America benefits.
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