Global Markets Risk Manager

Job Description:

Global Mortgage Products consists of the Trading and the Origination and Lending groups which in turn consist of sub-business lines including Flow ABS Trading, Asset Finance and Commercial Real Estate. GMP business activities span market making in the European ABS market, seeking opportunities to finance high quality assets in the Asset Finance and Commercial Real Estate market and provide advisory and execution capabilities to issuers of ABS securities.

In return we not only offer the training and support you’d expect from a leading global bank but also the opportunity to grow your career right here in London. With exposure to a variety of financial products and the continued year-on-year growth of the team, we can offer excellent mobility and development.

As a Global Markets Risk Manager your main responsibilities will involve:

• Primary focus on asset finance and commercial real estate lending businesses, but also to include trading book coverage

• Identify and analyze all significant risks and ensure Senior Management are kept informed of these risks.

• Report and monitor positions against Market risk metrics and limits. Liaise closely with the business to detail any overages and set limits.

• Ability to analyze and model single deals in the asset finance and commercial real estate business areas, including cash flow modelling and idiosyncratic stress scenario generation

• Review risks related to new products, structured deals and business strategies. Liaising closely with the business and other support functions to determine these risks and ensure they are within appetite and correctly monitored.

• Identify and perform stress tests to determine the circumstances under which the business portfolio could incur material losses. 

• Assist in ad-hoc risk related queries and projects; Specific risk analysis, reports and analysis for regulators.

• Ensure risks are fed to and captured by the Bank’s risk system and risk methodology. Assist the setup, configuration and implementation and undertake user acceptance testing of new and upgraded risk management systems and upstream systems for risk. 

• Contribute to the development of the Risk team and to the positive working environment at BAML

• Provide regular point of weakness and concentration risk analysis of the portfolio

Required Skills:

• 5+ years of Market Risk or front office experience with a good understanding of key risk metrics such as VaR, Stress testing etc.

• Good understanding of real estate and credit markets. 

• Proven finance or risk background with quantitative skills

• Ability to build good relationships whilst maintaining independence, handle disputes, negotiate with traders and enforce difficult decisions.

• Ability to communicate clearly and concisely with traders, senior management and other areas of the bank understanding the requirements of each group.

• The candidate should have a good understanding of IT systems and their development process. 

• Ability to multi-task and prioritize, to meet deadlines without compromising on quality

• Ability to understand and communicate more complex proposals for management review, requiring good oral and written skills

• Excellent problem solving skills

Desirable Skills:

• Understanding of regulatory environment affecting Finance industry and the impact on market risk.

• Experience working within Real Estate or Credit market risk

• Motivation to deliver in challenging fast paced environment

• Familiarity with Microsoft Excel essential, VBA and MS Access desirable.

Shift:

1st shift (United States of America)

Hours Per Week: 

40