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Credit Market Risk Manager, AVP - VP

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

Job Description:

Job Description:

LOB: Global Risk

Corporate Title: AVP - VP

Location: Paris

Role description

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.

Key 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 - 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.

The team:

  • The successful candidate will have local supervision of the Risk Managers that cover the Credit Asset classes. As part of the role he/she should contribute to development of the wider team and help build a positive and inclusive work environment.

  • Collaboration with other support groups is also critical to ensure all risks are identified and addressed - Operational, Credit, Liquidity etc.

Core Skills:

  • 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 independence.

  • 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 markets.

  • An effective team player

  • Excellent problem solving skills

  • Highly motivated with the drive and potential to learn from others

  • 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

Keywords: Bank of America Corporation, Allen , Credit Market Risk Manager, AVP - VP, Other , Paris, Texas

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