Capital Markets Risk Manager - 0900039232

Description

The Local Product/Desk Manager is responsible for the local management and direction of market risk management functions within a Product Area or several Product Areas (Equities, Rate Derivatives, etc.). In conjunction with the Market Risk Global Products Manager, establishes market risk management policies, procedures and standards. Additional responsibilities include analysis of model risk, the implementaion of the New/Complex Product Approval Process, limit approval authority and reporting of market risk. The CMMRSM will primarily interface with the Trading/Marketing Managers and the managers of other risk and support groups (i.e. Compliance, Finance, Operations, etc.). Incumbents typically have over ten years of experience in market risk management or trading. Product knowledge and trading or quantitative skills are necessary.



Position Specific:

Capital Markets Risk Manager will join team of Risk Managers responsible for managing risk associated with Bank of Americas Corporate Treasury (CT) and Corporate Investment Group (CIG). Specific areas of focus include developing policies and risk management (credit, market and operational risk) oversight for Corporate Treasury as the unit expands its Funding and Structured Finance activities. The role will also include working with CTs Global Liquidity Risk Management and Balance Sheet Management units. This position will initially be responsible for assessing risk profile of Funding Unit and working with team to develop and implement global policies reporting. Additional responsibilities will include assessing and managing counterparty risk for CT and CIG, ensuring proper linkages with Enterprise Stress Testing and working with Line of Business partners on Structured Notes programs. Key responsibilities include working with other Team members, Line of Business Partners and Legal, Compliance, Finance and Middle Office. This person will have opportunities to learn about Corporate Treasury, capital markets products and risk management methods for those products. Position will expose candidate to Corporate Treasury Senior Management and other key functions on a daily basis.
 

Qualifications
Candidate will have 7-10 years experience, preferably in a finance, risk management or capital markets oriented background. Candidate should exhibit strong personal drive, an ability to demonstrate individual initiative, a sense of urgency, and a desire to grow, learn and take on increasing levels of responsibility. Competency in Word, Excel and PowerPoint skills is required, along with an ability to quickly learn new programs and applications. Candidate must have strong organizational and communication skills, and be able to work effectively in a team environment and across entire Bank of America functional areas. Candidate must be familiar with derivative instruments, FX, structured products and securitization. While not a traditional market risk role, the candidate must be familiar with basic market risk measurements and activities. Related undergraduate degree required. Graduate degree a plus.