Welcome to Bank of America! We are currently seeking a highly skilled and motivated Global Markets CVA Risk Manager to join our team. As a member of our Global Markets Risk Management team, you will play a crucial role in identifying, assessing, and managing counterparty credit risk in our derivatives trading portfolios. This is an exciting opportunity for an experienced risk professional to join a dynamic and collaborative team, and make a significant impact on the risk management of one of the world's leading financial institutions. If you have a strong understanding of credit valuation adjustment (CVA) and a track record of managing risks in a fast-paced and complex environment, we encourage you to apply. This role requires a combination of technical expertise, strategic thinking, and strong communication skills. Join us in our mission to help customers and clients achieve their financial goals while managing risk effectively.
Develop and implement risk management strategies and policies for counterparty credit risk in our derivatives trading portfolios.
Perform regular credit risk assessments and stress testing to identify potential risks and develop appropriate risk mitigation strategies.
Utilize your expertise in credit valuation adjustment (CVA) to analyze and assess the creditworthiness of our trading counterparties.
Collaborate with internal teams and external stakeholders to monitor and manage counterparty credit exposure.
Conduct in-depth analysis of market and credit risk factors to identify potential areas of risk and develop effective risk management solutions.
Stay updated on industry developments and regulatory requirements related to counterparty credit risk.
Communicate and present risk assessment findings and recommendations to senior management.
Work closely with trading desks and other risk management teams to ensure effective risk management processes are in place.
Lead and mentor junior team members in developing their risk management skills and knowledge.
Continuously review and improve risk management processes and procedures to ensure they align with industry best practices.
Collaborate with cross-functional teams to develop and implement new risk management tools and systems.
Act as a subject matter expert on counterparty credit risk for internal and external stakeholders.
Represent the organization in industry forums and conferences related to counterparty credit risk.
Maintain a thorough understanding of the Bank's products, services, and risk appetite to ensure effective risk management.
Adhere to all regulatory requirements and internal policies and procedures related to risk management.
Bank of America is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.