Head of Credit & Market Risk

Job Description
This job is responsible for the reporting, analysis, and monitoring of applicable market related risks taken within a specific product area. Key responsibilities include analysis of model risk, analysis and reporting of market risk, distributing the market risk reports, and interfacing with the trading desk and other risk and support groups (i.e., Compliance, Finance, Operations, etc.).

Responsibilities

Identifies and monitors market risk exposure and develops mitigation strategies and resolutions in accordance with the bank’s risk appetite and risk limits identified, as well as regulatory requirements, as applicable.

Manages risk requests, breach remediations and provides risk effective challenges for front line units.

Sets managing risk parameters and guardrails for market risk, while ensuring adherence to risk appetite and limits, and actively designing risk scenarios to implement decisions.

Develops market risk coverage plans, oversees execution of monitoring, testing and risk assessments, conducts analysis and develops market risk reporting for specific products and communicates changes to senior management.

Liaisons with businesses to understand market trends and impacts on portfolio, using knowledge of stress testing and its applicability to market risk.

Ensures adherence to the policies and procedures established by the company.

Required Qualifications

2+ years of Market Risk or front office experience with a good understanding of key risk metrics such as VaR and stress testing, especially in relation to securitized products.

Good understanding of real estate and credit markets.

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

Analytical Thinking

Critical Thinking

Portfolio Analysis

Risk Analytics

Data and Trend Analysis

Decision Making

Oral Communications

Presentation Skills

Written Communications

Active Listening

Issue Management

Monitoring, Surveillance, and Testing

Regulatory Compliance

Technical Documentation

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 range: $110,000.00 - $158,000.00 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.

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.

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