Global Markets Risk Executive (DIR/MD) - Mortgages and Securitized Products
: Job Details :

Global Markets Risk Executive (DIR/MD) - Mortgages and Securitized Products

New York, New York

**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. Were 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:**

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 youd expect from a leading global bank but also the opportunity to grow your career right here in NY. 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.

This job is responsible for:

Evaluating new transactions in the trading and lending books. Analyze complex situations in trades while negotiating/resolving issues with the business to ensure best outcome for the firm

Strategically applying analytical thinking and subject matter expertise of real estate and capital markets to guide front line units through trade life cycle

Identify and monitor market risk and emerging themes across the existing portfolio

Liaising with senior leadership in both risk and trading desk on strategic direction

Review of stress testing results and design of new scenarios

Interacting with external regulators on ad-hoc and periodic reviews

Providing guidance and training to develop junior members of the team

**Required Qualifications:**

+ 10+ years of Market Risk or front office experience with a good understanding of key risk metrics such as VaR, Stress testing etc.

+ 10+ years of experience in Securitized Products Risk Management

+ 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 priorities, 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

**Desired Qualifications:**

+ 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

**Shift:**

1st shift (United States of America)

**Hours Per Week:**

40

**Pay Transparency details**

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$200,000.00 - $322,700.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the EEO is the Law poster, CLICK HERE ( .

To view the EEO is the Law Supplement, CLICK HERE ( .

View the LA County Fair Chance Ordinance ( .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of Americas Drug-free Workplace and Alcohol Policy, CLICK HERE .

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.