Job Description:
Job Title: Global Markets Risk Senior Manager
Corporate Title: VP
Location: Paris
Company Overview:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
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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:
You will be joining a global team, with team members across all regions. This team forms a significant component of the Global Markets Risk function, and the broader Global Risk Management department, which offers a wide range of opportunities for career development across different asset classes and locations. Market Risk is structured to align towards business and legal entity set-up, across 9 global Lines of Business, and various entities. The team is highly diverse, with a broad range of skills, perspectives and experiences that engenders a supportive environment; one which encourages the open risk discussions.
Role Description:
The role will be responsible for identifying, managing, and communicating market risk exposures. The role involves managing significant risk positions, performing quantitative and qualitative analysis, and working with data for risk sign-off and reporting. It also needs a thorough understanding of risk management practices and appreciation for financial products. The role requires understanding the business activity on a trading desk and undertaking risk reporting across a range of audiences ranging from individual traders, through to senior management and regulators. Risk analysis is one half of the job, performed using the firm's systems as well as via ad-hoc methods.
Responsibilities:
- You will be the Risk Manager for EMEA GFX, supporting crucial risk management oversight and analysis for a broad range of trading activities within the GFX & LCT line of business.
- You will provide oversight of identification of market risk exposures and mitigation strategies and resolutions in accordance with the bank's risk appetite and risk limits identified, as well as regulatory requirements, as applicable.
- Provide oversight of risk requests, breach remediations and providing risk effective challenges for front line units.
- Oversee development of market risk coverage plans, execution of monitoring, testing and risk assessments, and market risk reporting for specific products
- Liaise with businesses to understand market trends and impacts on portfolio, using knowledge of stress testing and its applicability to market risk.
- Ensure adherence to the policies and procedures established by the company
- You will have close interaction with the trading desk and other risk and support groups (i.e. Finance, Quants, Technology, etc.) utilising Product knowledge and quantitative skills.
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)
- Demonstrable working knowledge of financial markets, ideally with a good grasp of Macroeconomics
- Working knowledge of financial derivatives and modelling
- Ability to multi-task and prioritize across several competing demands, meeting tight deadlines
Skills that will help:
- Previous experience in comparable role as a Risk Manager working with the Front Line and performing risk analysis is desirable
- Analytical and Critical Thinking
- Portfolio Analysis and Risk Analytics experience
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.