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

Bank of America
New York
Full-time

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 you’d 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 :

12 days ago
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