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FICC Market Risk Manager, VP/DIR

Company: Bank of America Corporation
Location: Paris
Posted on: June 12, 2021

Job Description:

Job Description:

LOB: Global Risk

Corporate Title: Vice President - Director

Location: Paris, France

Role Description:

The role requires a thorough understanding of Fixed Income (FI) markets, strong expertise in derivatives as well as experience in the risk management of structured and financing transactions. He/she will assess a broad spectrum of risks, predominantly market risks but also operational, credit, and counterparty risks, should these types of risks exist. The successful candidate must be able to build strong relationships with the front office while maintaining independence. He/she must be able to handle disputes, negotiate with traders, and uphold risk frameworks.

Main Responsibilities:

* Set risk limits in line with the entity's risk appetite and strategy.

* Monitor positions against risk limits. Liaise closely with Front Office to detail risk exposures and challenge the business on limit breaches.

* Review new products and non-standard transactions proposed to ensure risks are appropriately controlled.

* Collaborate with other support partners to ensure all risks are identified and addressed - Compliance and Operational, Credit, Liquidity etc.

* Identify and analyse all significant exposures across the entity, and ensure that senior management/risk committees are kept informed about the key risks.

* Define and evaluate stress scenarios under which the portfolio may incur material losses (point of weakness analysis). Contribute to reverse stress testing process.

* Assist in ad-hoc risk related queries, VaR analysis, drill downs or risk trends.

* Validate information that is distributed to the regulators.

* Develop deep knowledge of the Market Risk IMA methodology under current and future capital frameworks.

* Contribute to development of the wider team and help build a positive and inclusive work environment.

The team

* The EMEA Macro Team acts as the second line of defense supporting the Fixed Income market risk activities

* We cover several asset classes in the FICC space (i.e. Global FX and Local Currency Trading, Global Financing and Futures --- Repo, Counterparty Portfolio Management --- XVA, and Global Rates)

Core Skills

* Thorough understanding of FI markets.

* Deep knowledge of derivatives.

* Experience in the risk management of structured and financing transactions.

* Able to build solid relationships with the Front Office while maintaining independence.

* He/she must be able to handle disputes, negotiate with traders, and uphold risk frameworks.

* Significant Risk Management, or equivalent experience is critical.

Bank of America

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

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 gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, 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.

As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Learn more about this role

Keywords: Bank of America Corporation, Allen , FICC Market Risk Manager, VP/DIR, Other , Paris, Texas

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