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About the Role

The candidate will manage risk arising from Global Prime Financing and Cleared Derivatives businesses, providing counterparty credit risk oversight for EMEA and APAC hedge fund and principal trading firm clients. The role also extends counterparty credit oversight to EMEA-based financial institutions.

Responsibilities

Second line risk management for the Prime Financing and Cleared Derivatives business lines
Providing second line counterparty risk over oversight for EMEA hedge funds, principal trading firms and financial institutions portfolios
Ensuring the EMEA risk framework and associated procedures are implemented and followed and that issues are swiftly identified and resolved or escalated as necessary
Portfolio exposure review of stress testing and other CCR risk analytics and providing oversight of limit utilizations where relevant
Employing counterparty credit information provided by FO Credit risk teams to appropriately calibrate limits, margin terms and right size exposures
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 forums, bringing and leading the agenda from a EMEA perspective.

Requirements

Several years working in a risk management function
Some experience in Hedge Fund and Financial Institutions counterparty risk management and/or exposure to Prime Financing and Clearing
Risk manager able to apply risk and control disciplines in an effective manner
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

Skills

Technical understanding of the quantitative and qualitative risks impacting financing and clearing businesses is highly desirable
Cross asset product knowledge including derivatives
Strong analytical skills and attention to detail
Intellectually curious and able to execute sound judgment to appropriately characterize and represent risk issues
Global Risk Management experience

Location

London

Work Type

Full-time

Experience Level

Up to Vice President

Benefits

Private healthcare for you and your family plus an annual health screen
Competitive pension plan, life assurance, and group income protection cover
26-weeks paid maternity leave
16-weeks paid paternity leave
Inclusive family leave arrangements for working parents and carers
20 days of back-up childcare including 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 well-being account
Travel insurance
Critical illness cover
Cycle to work scheme
Use of a flex fund to use towards benefits
Access to an emotional wellbeing helpline
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
Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area.

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.
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.
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.

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, religion or belief, 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.