Global Markets Risk Executive – America Equities Business

Bank of America
Published
August 4, 2019
Location
New York, New York
Job Type

Description

Job Description

Responsible for risk in the Americas Equity business. The business is a major player in US equity markets spanning  Equity Cash, Derivatives and Capital Markets. The role requires a holistic approach to risk management, taking account of all risk types. Responsibilities include the ensuring global consistency of policies, procedures, analysis, monitoring and reporting of market risk for the Americas Equity business. Additional responsibilities include analysis of model risk, the implementation of the New/Complex Product Approval Process, limit approval authority and reporting of market risk. This role also has responsibilities related to VaR Methodology and Regulatory Capital. The GMR Executive will primarily interface with the Product Trading/Marketing Heads and the product heads of other risk and support groups.  Incumbents typically have over 15 years of experience in market risk management or trading. Leadership, management, product knowledge and trading or quantitative skills are necessary.

 

 

Required Skills

Bachelor or graduate degree in Finance, Mathematics, Engineering or Computer Science

Minimum 15 years of experience in related fields such as risk management or front office

A track record of managing Equity risk at a leading financial institution

An understanding of regulatory environment affecting the financial industry and the impact on market risk.

Understanding of capital modeling in relation to market risk.

Excellent verbal and written communication skills, including well-developed presentation skills

Desired Skills

Prior Equity trading experience would be highly desirable

Experience of interacting with banking regulators

A good understanding of another product class

Company Description

Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company serves approximately 56 million U.S. consumer and small business relationships. It is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading.

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