Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Location Overview:

Based in the 8th arrondissement and within the Parisian Golden Triangle, our beautiful Art-Deco era office benefits from luxury modern workspaces, an abundance of natural light and is easily accessible by public transport.

The Team:

This role requires close interaction with the trading desk and other risk and support groups (i.e. Finance, Quants, Technology, etc.) as well as liaising with senior leadership in both risk and trading desk on strategic direction. You will be part of Global team that has a focus on Global Financing and Futures, supporting crucial risk management oversight for a broad range of trading activities.

Role Description:

This job is responsible for the local and/or global direction of applicable market related risk management functions within a specific product area. Key responsibilities include monitoring and adhering to market risk management policies, procedures, and standards, and implementing new product approval processes, evaluation of model risk, evaluation and reporting of market risk, distributing the market risk reports, and interfacing with the trading desk and other risk and support groups (i.e., Compliance, Finance, Operations).

Responsibilities:

• 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 firm's 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.

What we are looking for:

• Good academic background, which may include a postgraduate qualification

• Good people skills demonstrated across various communication styles (both written and verbal)

• Knowledge of financial markets, ideally with solid understanding of Macroeconomics

• Understanding of financial derivatives and modelling

• Ability to multi-task and prioritize across several competing demands, meeting tight deadlines

• Previous experience as a Risk Manager working directly with the Front Line and performing risk assessment is desirable

Skills that will help:

• Excellent problem-solving skills

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

Benefits of working at Bank of America:

France

• Competitive retirement plan in addition to State plans

• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers

• Life and disability insurance

• Time Savings Account ('CET') to save some of your leave days, cash them out or use them later

• Reimbursement of 50% of your commuter pass

• Nursery scheme for children under age 3

• Works council benefits

• Access to an Employee Assistance Programme for confidential support and help for everyday matters

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities

• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

Bank of America:

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 sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or 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.