Description

Job Description:

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. Join us!

Job Description:
The role will provide Global Markets Risk Management for AUD/NZD ABS & RMBS lending products along with the risk management of traded products such as Rates, FX, and derivatives. The successful candidate will have strong market risk management knowledge and be able to build strong relationships with the Front Office while maintaining independence.

Key Responsibilities:

• Monitor positions against market risk limits. Liaise closely with Front Office to detail risk exposures and challenge the business on risk exposures and limit breaches.
• Analyze new lending opportunities, review deal parameters, and ensure fit within the risk appetite.
• Assist with review of new products and non-standard transactions to ensure risks are appropriately identified and controlled.
• Help define and evaluate stress scenarios and perform market risk stress testing.
• Assist in risk related queries, market risk exposures analysis, drill downs and/or risk trend analysis.
• Participate in cross-market risk analysis and desk reviews.
• Understand ABS/RMBS credit rating models and techniques for different asset classes.
• Review the existing portfolio, proximity to amortization triggers and understand overall ABS market dynamics.

Candidate Requirements:

• 7+ years market risk management or equivalent experience, preferably with ABS/RMBS or other Rates/FX products.
• Solid academic background, biased towards quantitative skills.
• Interest in financial markets.
• Understanding of financial products and risk modelling.
• Familiar with how technology supports the risk management process.
• Ability to communicate clearly and concisely with good people skills.
• Ability to multi-task and prioritize across several competing demands.
• Ability to work as part of a regional and global team.