The Commodities Market Risk Management role requires a thorough understanding in risk management practices and knowledge of the sales and trading business. The Risk Manager will be expected to confidently work with senior management in addition to the trading desk and various support partners, including Legal, Compliance, Credit, Finance, Operations, Operational Risk, Technology, Model Validation, Regulatory Capital, and other Risk Managers within the risk organization, to build their understanding of the business and markets, and enhance our overall risk management capabilities.
Key responsibilities include: * Daily dialogue with the trading desks to stay abreast of market dynamics and evolutions in trading flows and strategies. * Analysis and approval of new products, non-standard trades, structured deals and business strategies. * Analysis and commentary of key risk metric drivers (including intraday exposure and Volcker metrics from regulatory perspective) * Monitoring positions against market risk metrics and limits. * Management of limit overages and the setting of limits in line with the firm's risk appetite. * Point of weakness stress analysis to determine the circumstances under which the portfolio could incur material losses. * Close liaison with other support and control functions to ensure a holistic approach to risk management and risk control. * Escalation and reporting to senior management within Global Markets Risk ("GMR") * Identify any operational risk within the trading and GMR to streamline the process and eliminate bespoke processes * Contribute to regulatory stress and capital analysis (including CCAR and FRTB) with legal entity implications. * Contribute to the development of the team and to the positive working environment.
Required Job Skills: *Bachelor or graduate degree in Finance, Mathematics or similar discipline *Minimum 8+ years of experience in related fields such as risk management, front office, and/or finance *A broad knowledge across financial products and Commodities and an understanding of VaR and other risk management metrics *Understanding of regulatory environment affecting the financial industry and the impact on market risk. * Excellent verbal and written communication skills, including well-developed presentation skills * Advanced desktop technology skills including database management, Excel and PowerPoint. Ability to quickly learn new programs and applications. * The ability and comfort to work with various data and risk systems * Exceptionally strong attention-to-details * Self-motivated, intellectually curious and enthusiastic * Collaborative and team-player * Ability to work in a fast-paced environment at times under tight deadlines
Desired Job Skills: * An understanding of Commodity products, risks, valuations and overall markets
1st shift (United States of America)
Hours Per Week:
Internal Number: 21024857
About Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.