1+ months

Global Mkts Risk Manager - XVA Desk

New York, NY 10176
Global Mkts Risk Manager - XVA Desk

New York, New York

**Job Description:**

Responsible for the local and/or global management and direction of market risk management functions within a Product Area or several Product Areas (Credit, Equities, Rates, Mortgages, Commodities and Derivatives etc.). In conjunction with the GMR Executive, establishes market risk management policies, procedures and standards. Additional responsibilities include analysis of model risk, the implementation of the New/Complex Product Approval Process, limit approval authority, analyzing & reporting of market risk. The GMR Senior Manager will primarily interface with Senior Traders and Business Heads/Marketing Managers and the managers of other risk and support groups (i.e. Compliance, Finance, Operations, etc.). Incumbents typically have over 10 years of experience in market risk management or trading. Product knowledge and trading or quantitative skills are necessary.

This position is in the Market Risk Management team covering the XVA trading desk. In addition to providing independent oversight of the market risks taken by the XVA desk, 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.


Review market risk positions, particularly under potential risk scenarios, and raise challenges to the desk if necessary. Liaise closely with the businesses to understand market trends and to report exposure under different market conditions.

Propose to senior management appropriate market risk limits for the trading desk within the firm's risk appetite.

Help enhance the firm's risk management capabilities.

Review risks related to non-standard or structured trades and new products. Liaise closely with the business and other support functions to determine the nature and size of risks and ensure they are within the firms risk appetite.

Provide detailed explanations of the market risk of the desk, both internally to senior management and the trading desk, and externally to the Bank's regulators.

The candidate must have a keen interest in financial markets and risk management and should have the following attributes:

Strong quantitative skills

* Bachelor's Degree

Strong written and verbal communications, interpersonal, and organizational skills

Strong work ethic and the ability to drive results

Willing to analyze exposure and risk reports in-depth daily and follow-up on significant changes

The team is located on the trading floor. The successful candidate must be able to build strong relationships with the business while maintaining independence.


1st shift (United States of America)

**Hours Per Week:**


Full time


Manages People: No

Travel: Yes, 5% of the time

Talent Acquisition Contact:

Referral Bonus:

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf .

To view the "EEO is the Law" Supplement, CLICK HERE at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE .


  • Banking / Finance
Posted: 2019-11-27 Expires: 2020-02-06

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Global Mkts Risk Manager - XVA Desk

Bank of America
New York, NY 10176

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