Financial Risk Management Specialist

2 weeks ago


London, Greater London, United Kingdom Bank of America Full time
Job Description

We are seeking a highly skilled Financial Risk Management Specialist to join our team at Bank of America. As a key member of our Market Risk team, you will be responsible for evaluating and monitoring market-related risks for regulatory capital calculation.

The ideal candidate will have a solid academic background, with knowledge of financial markets and regulations (BIS), specifically FRTB. Strong analytical skills and proficiency in desktop data manipulation tools such as Excel, Access, etc. are essential. Excellent communication skills and the ability to work in a high-energy environment are also required.

Key Responsibilities:

  • Timely production of market risk inputs for Capital reporting of the BIS FRTB regulatory requirement
  • Assist with design and production of corresponding risk reports and investigation tools
  • Weekly/monthly review and challenge of FRTB sensitivities based on Front Line Unit's data quality analysis
  • Engage with subject matter experts in Model Development, Capital Management, and Front Line Units, to identify and appropriately escalate issues
  • Support Risk Managers and Front Line Unit in the monitoring of FRTB sensitivity limits
  • Provide explanatory commentary to relevant stakeholders, and manage any ad-hoc risk queries pertaining to FRTB measures
  • Summarise data and prepare presentations to support senior management and regulatory dialogue

Salary Estimate: £80,000 - £110,000 per annum, depending on experience.



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