Global Markets Risk Manager (Mortgages and Securitised Products)

Corporate Title: up to Vice President

Location: London

Company Overview: Bank of America is 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. We are devoted to being a diverse and inclusive workplace and invest heavily in our teammates and their families, offering competitive benefits to support their physical, emotional, and financial well‑being. We provide flexibility and a multi‑faceted approach tailored to each role. Working at Bank of America gives you a great career with opportunities to learn, grow and make an impact.

Location Overview: Our London office is just a stone's throw from St. Paul's Cathedral on King Edward Street. Modern workspaces, a state‑of‑the‑art auditorium, an onsite restaurant with seasonal menus and a rooftop terrace provide great amenities. Physical wellness is supported by onsite gym facilities and a medical centre.

The Team: You will work with the Global Markets Risk team based in London, covering the Global Mortgages & Securitized Products business.

Role Description: In addition to providing independent market risk oversight of local structured products (ABS/RMBS/CMBS) trading and loan origination activity, the role involves liaising with other risk functions to assess a broad spectrum of risks (credit, operational, counterparty) and ensuring activity fits within firm risk appetite. The role also requires close interaction with trading/structuring desks and support groups (finance, quants, technology).

Responsibilities:

• Review trading portfolios and associated risk metrics, liaising closely with the business to understand current and evolving market trends and assess impact on the firm’s portfolios.
• Analyse and assess structured trades, including cash flow modelling and idiosyncratic stress scenario generation.
• Assess commercial real estate and asset‑backed lending opportunities across a range of collateral types.
• Identify and assess risks related to new products and business initiatives.
• Report and monitor positions against market risk metrics and limits.
• Summarise risk views for senior management to ensure they are kept informed of developments in the portfolio.
• Participate in stress testing and capital planning exercises, identifying and analysing key points of weakness and illiquid risks across the firm’s portfolios.
• Assist in ad‑hoc risk‑related queries and projects – bespoke risk analysis, reports and analysis for regulators.
• Ensure risks are fed to and accurately captured by the bank’s risk systems and methodology.

Qualifications:

• Excellent academic background, which may include a postgraduate qualification.
• Working knowledge of financial markets.
• Good analytical knowledge of traded products and their valuation & risk profiles in positioning and hedging exposures.
• Highly proficient in desktop data manipulation (Excel models, pivots), Access, etc.
• Excellent written and verbal communication skills.
• Ability to work in a high‑energy and demanding environment, managing multiple tasks simultaneously.

Benefits of Working at Bank of America:

• Private healthcare for you and your family plus an annual health screen.
• You can purchase a screen for your partner.
• Competitive pension plan, life assurance and group income protection cover.
• 20 days of backup childcare, including school‑holiday clubs, and 20 days of backup adult care per annum.
• Cash‑plus flexible benefits, including a wellbeing account, travel insurance, critical illness coverage, etc.
• Access to emotional wellbeing helpline, mental health first aiders and virtual GP services.
• Access to an Employee Assistance Program for confidential support.
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution.
• Access to Arts & Culture corporate membership – discounts at UK cultural institutions and exhibitions.
• Opportunities to volunteer in your community, developing new skills and working with diverse groups.

Bank of America Code of Conduct: Good conduct and sound judgement is crucial to our long‑term success. All employees must understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mindset are cornerstones of our Code of Conduct and the heart of managing risk well. We are an equal‑opportunities employer and ensure that no applicant is subject to less favourable treatment on the ground 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.