Prime Brokerage Risk Manager - Military Veterans

at Bank of America

New York, New York

Job Description:

Prime Brokerage Risk Manager -

Responsibilities Include:
  • Providing second line risk oversight for business activities and risks arising in global Prime Brokerage/Listed Derivatives clearing businesses with focus on US based clients.
  • Ensuring the global risk framework and associated procedures are implemented and followed and that issues are swiftly identified and resolved or escalated as necessary
  • Significant involvement with strategic and development work as it relates to enhancing the margin methodologies, stress testing, risk analytics and intra-day risk management tools
  • Risk assessment and approval as required for new or material changes to margin financing and clearing arrangements
  • Employing counterparty credit information provided by Credit risk teams to appropriately calibrate margin terms and right size exposures
  • Stress testing client portfolios and providing oversight of limit utilizations where relevant
  • Working closely with the first line Risk function and business to understand and evaluate existing and evolving risks and challenging where appropriate
  • Developing strong relationships with key stakeholders across senior business management, origination and the various risk and credit functions
  • Active participant in the risk management forums, bringing and leading the agenda from a US perspective.
  • Understanding changes to market structure, regulation and best practice
Required Qualifications:
  • At least 5-10yrs working in risk management function supporting Prime Brokerage and listed derivatives business.
  • Risk manager able to apply risk and control disciplines in an effective manner
  • Counterparty credit risk experience preferred as part of overall experience.
  • Technical understanding of the quantitative and qualitative risks impacting financing and clearing businesses is highly desirable
  • Cross asset product knowledge including derivatives valuation and risk modelling
  • Strong analytical skills and attention to detail
  • Intellectually curious and able to execute sound judgment to appropriately characterize and represent risk issues
  • Structured yet flexible approach, balanced and fair, able to make difficult decisions where necessary
  • Excellent communication and interpersonal skills, proven experience of collaborating and leveraging relationship


Job Band:
H5

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
0
--> Job Description:

Prime Brokerage Risk Manager -

Responsibilities Include:
  • Providing second line risk oversight for business activities and risks arising in global Prime Brokerage/Listed Derivatives clearing businesses with focus on US based clients.
  • Ensuring the global risk framework and associated procedures are implemented and followed and that issues are swiftly identified and resolved or escalated as necessary
  • Significant involvement with strategic and development work as it relates to enhancing the margin methodologies, stress testing, risk analytics and intra-day risk management tools
  • Risk assessment and approval as required for new or material changes to margin financing and clearing arrangements
  • Employing counterparty credit information provided by Credit risk teams to appropriately calibrate margin terms and right size exposures
  • Stress testing client portfolios and providing oversight of limit utilizations where relevant
  • Working closely with the first line Risk function and business to understand and evaluate existing and evolving risks and challenging where appropriate
  • Developing strong relationships with key stakeholders across senior business management, origination and the various risk and credit functions
  • Active participant in the risk management forums, bringing and leading the agenda from a US perspective.
  • Understanding changes to market structure, regulation and best practice
Required Qualifications:
  • At least 5-10yrs working in risk management function supporting Prime Brokerage and listed derivatives business.
  • Risk manager able to apply risk and control disciplines in an effective manner
  • Counterparty credit risk experience preferred as part of overall experience.
  • Technical understanding of the quantitative and qualitative risks impacting financing and clearing businesses is highly desirable
  • Cross asset product knowledge including derivatives valuation and risk modelling
  • Strong analytical skills and attention to detail
  • Intellectually curious and able to execute sound judgment to appropriately characterize and represent risk issues
  • Structured yet flexible approach, balanced and fair, able to make difficult decisions where necessary
  • Excellent communication and interpersonal skills, proven experience of collaborating and leveraging relationship


Job Band:
H5

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
0
Job Description:

Prime Brokerage Risk Manager -

Responsibilities Include:
  • Providing second line risk oversight for business activities and risks arising in global Prime Brokerage/Listed Derivatives clearing businesses with focus on US based clients.
  • Ensuring the global risk framework and associated procedures are implemented and followed and that issues are swiftly identified and resolved or escalated as necessary
  • Significant involvement with strategic and development work as it relates to enhancing the margin methodologies, stress testing, risk analytics and intra-day risk management tools
  • Risk assessment and approval as required for new or material changes to margin financing and clearing arrangements
  • Employing counterparty credit information provided by Credit risk teams to appropriately calibrate margin terms and right size exposures
  • Stress testing client portfolios and providing oversight of limit utilizations where relevant
  • Working closely with the first line Risk function and business to understand and evaluate existing and evolving risks and challenging where appropriate
  • Developing strong relationships with key stakeholders across senior business management, origination and the various risk and credit functions
  • Active participant in the risk management forums, bringing and leading the agenda from a US perspective.
  • Understanding changes to market structure, regulation and best practice
Required Qualifications:
  • At least 5-10yrs working in risk management function supporting Prime Brokerage and listed derivatives business.
  • Risk manager able to apply risk and control disciplines in an effective manner
  • Counterparty credit risk experience preferred as part of overall experience.
  • Technical understanding of the quantitative and qualitative risks impacting financing and clearing businesses is highly desirable
  • Cross asset product knowledge including derivatives valuation and risk modelling
  • Strong analytical skills and attention to detail
  • Intellectually curious and able to execute sound judgment to appropriately characterize and represent risk issues
  • Structured yet flexible approach, balanced and fair, able to make difficult decisions where necessary
  • Excellent communication and interpersonal skills, proven experience of collaborating and leveraging relationship


Shift:
1st shift (United States of America)

Hours Per Week:
40
Learn more about this role

New York, New York

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Bank of America

You’ve led troops, now help lead your community 

As a leader in the military, you motivated troops to get the job done. We value your ability to influence change and encourage you to continue that influence here and in our communities. Our Military Affairs Team proudly supports veterans in our communities through education and volunteer events. Together, we can create better communities and a brighter future for us all. 

First you fought for the American dream, now you can guide its future

You joined the military to protect a nation and its people. Let the same passion for making a difference lead you to a new career. At Bank of America, we’re proud that more than 6,800 veterans work for us. They’ve discovered that their desire to help others didn’t end with their service. Here, you’ll help our customers and clients connect to better financial lives.

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