LOB: Global Risk
Corporate Title: AVP - VP
This is an opportunity for a highly motivated individual to join
the EMEA Markets Risk team as a FICC Risk Manager working for
BofASE SA, a new Bank of America entity located in Paris.
The successful candidate will be responsible for identifying,
managing and communicating market risk exposures across EMEA and/or
specific to BofASE SA. The role involves managing significant risk
positions and performing quantitative and qualitative analysis. It
also requires a thorough understanding of risk management practices
in FICC markets and appreciation for financial products. The Market
Risk Manager will work closely with the trading Desk and with
various support partners (including Compliance, Middle Office,
Operations, Technology or Finance) to enhance our overall risk
management capabilities. Other core responsibilities include
real-time monitoring and communication of the financial markets and
understanding of market dynamics. The role is within the FICC
Market Risk team with coverage across several asset classes in the
region, with an additional focus on the risk management of the
BofASE SA entity.
Set risk limits in line with the entity's risk appetite and
Monitor positions against risk limits. Liaise closely with Front
Office to detail risk exposures and challenge the business on limit
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 - 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
Degree in numerate subjects (e.g. engineering, maths, physics,
economics etc.) or equivalent experience.
Good knowledge of Credit products.
Market Risk experience with FICC products (Credit flow, Special
Situations, Structured Credit or Emerging Markets).
Excellent mathematical skills.
Proficient in Excel (VBA skills highly desirable).
Able to build solid relationships whilst maintaining
Able to handle disputes, negotiate with traders and will not
shirk from enforcing difficult decisions.
Ability to work both as part of a team and independently with
keen attention to detail.
General knowledge of the risks and dynamics of credit
An effective team player
Excellent problem solving skills
Highly motivated with the drive and potential to learn from
- Excellent communication skills
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