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 a challenging, fast-paced environment.

Desired Skills:

• Global Risk Management experience.

Benefits of working at Bank of America (UK):

At Bank of America, we strive to prioritize employees’ health and wellbeing – it’s what makes us a Great Place to Work.

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner.
• Competitive pension plan, life assurance, and group income protection cover if you become unable to work as a result of a disability or health reasons.
• We offer 26-weeks paid maternity leave, 16-weeks paid paternity leave, and inclusive family leave arrangements for working parents and carers, including 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum.
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances, including access to a wellbeing account, travel insurance, critical illness, cycle to work, etc.
• Use of a flex fund to use towards benefits.
• Access to an emotional wellbeing helpline, and virtual GP services.
• Access to the Peppy App, which provides 1:1 support, consultations, and resources relating to men’s health, women’s health, fertility, menopause, and pregnancy & parenthood.
• Access to a range of gyms, exercise classes, and wellbeing Apps through Wellhub, including Headspace and Calm.
• Ability to donate to charities of your choice directly through payroll, and the bank will match your contribution.
• Opportunity to give back to your community, develop new skills, and work with new groups of people by volunteering in your local area.

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 mindset 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.