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About the Role

This role is responsible for the analysis, monitoring, and reporting of market-related risks within Global Commodities. It involves analyzing and reporting market risk, conducting stress testing, designing limit frameworks, and collaborating with trading desks and other support groups.

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 analyze significant risks and summarize risk views for senior management.
• Analyze 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 enhance the firm's capabilities.

Requirements

• Trading or Market Risk Commodities experience is essential.
• 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.

Skills

• Market risk
• Stress testing
• VaR
• Quantitative skills
• Communication skills
• Relationship building
• Negotiation
• Multi-tasking
• Prioritization
• Time management
• Problem solving
• Global Risk Management experience

Location

• London

Work Type

• Full-time

Experience Level

• Up to Vice President

Benefits

• Private healthcare for you and your family
• Annual health screen
• Competitive pension plan
• Life assurance
• Group income protection cover
• 26-weeks paid maternity leave
• 16-weeks paid paternity leave
• Inclusive family leave arrangements
• 20 days of back-up childcare
• Access to school holiday clubs
• 20 days of back-up adult care per annum
• Ability to change core benefits
• Option of selecting a variety of flexible benefits
• Access to a wellbeing account
• Travel insurance
• Critical illness cover
• Cycle to work scheme
• Use of a flex fund
• Access to an emotional wellbeing helpline
• Virtual GP services
• Access to the Peppy App
• Access to a range of gyms, exercise classes, and wellbeing Apps through Wellhub
• Access to Headspace and Calm
• Ability to donate to charities of your choice directly through payroll
• Bank will match charitable contributions
• Opportunity to give back to your community
• Develop new skills
• Work with new groups of people by volunteering

About the Company

• 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.
• We are 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.
• Bank of America believes both in the importance of working together and offering flexibility to our employees.
• 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.
• Good conduct and sound judgment is crucial to our long-term success.
• Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

Equal Opportunity

• 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.