Global Markets Risk Senior Manager

Job Description
Job Title: Global Markets Risk Senior Manager Corporate Title: Up to Director

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. 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. Role Description: This job is responsible for the analysis, monitoring and reporting applicable market related risks taken within Global Commodities.

Key responsibilities
include analysis and reporting of market risk, stress testing, designing limit frameworks and interfacing with the trading desk and other risk and support groups (i.e., Compliance, Finance, Operations, etc.). This position is in the Market Risk Management team covering Global Commodities trading desks. In addition to providing independent oversight of the market risks taken by trading desks. The market risk manager will assess a broad spectrum of risks, liaising with other risk functions as necessary, including operational, credit, and counterparty risks. This role requires close interaction with the trading desk and other risk and support groups (i.e. Finance, Quants, Technology, etc.). Product knowledge and quantitative skills are necessary.

Responsibilities:
• Review trading portfolios and associated risk metrics. Report and monitor positions against market risk metrics and limits.
• Liaise closely with trading desks to understand market trends in relation to portfolio changes.
• Identify and analyse significant risks and summarize risk views for senior management to ensure they are kept informed of developments in the portfolio.
• Analyse and model transactions, review and approve pricing and VaR models
• Review and challenge risks related to new products, structured transactions and business strategies.
• Perform stress tests to determine the circumstances under which the portfolio could incur material losses. Provide regular point of weakness and concentration risk analysis of the portfolio
• Assist in ad-hoc risk related queries and projects, specific risk analysis, reports and analysis for regulators.
• Ensure risks are fed to and captured appropriately by the Bank’s risk system and risk methodology. Assist the setup, configuration and implementation of new and upgraded risk management systems to help enhance the firm's capabilities. What we are looking for:
• Several years of Market Risk or front office experience with a good understanding of key risk metrics such as VaR and stress testing.
• Proven finance or risk background with quantitative skills
• Ability to communicate clearly and concisely with traders, senior management and other areas of the bank understanding the requirements of each group.
• Ability to build good relationships while maintaining independence and negotiating with traders to enforce decisions.
• Ability to multi-task, prioritize and meet deadlines without compromising on quality
• Ability to understand and communicate more complex proposals for management review, requiring good oral and written skills
• Problem solving skills and motivation to deliver in challenging fast paced environment Desired

Skills:
• Global Risk Management experience Benefits of working at Bank of America (France):
• At Bank of America, we strive to prioritise employees’ health and wellbeing – it’s what makes us a Great Place to Work.
• Competitive retirement plan in addition to State plans, life and disability assurance.
• 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.
• 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.
•

We offer
paid maternity leave, and paternity leave of up to 26 weeks (16 paid weeks and 10 unpaid), and inclusive family leave arrangements.
• Nursery scheme for children under age 3.
• Works council (‘CSE’) 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, religious or similar philosophical belief, political opinion, 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.