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Up to SVP - Market Risk Manager - Executive Administration [01/18/2010] |
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Overview Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,700 ATMs and award-winning online banking with nearly 29 million active users. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange. Job Description Responsible for the local management and direction of market risk management functions within the country and covering product areas including Equities, Rate Derivatives etc. In conjunction with the Market Risk Regional Products Manager, establishes market risk management policies, procedures and standards. Additional responsibilities include the implementation of the New/ Complex Product Approval Process, possible limit approval authority or preclearing, and reporting of market risk. Primary interface will be with the Trading/ Marketing Managers and the managers of other risk and support groups (i.e. Compliance, Finance, Operations etc).
Responsibilities
| Acts as a strategic planning partner for the business financial implications of Line of Business's decisions. Influences peers and managers across organisational lines to take action on complex, technical or sensitive risk topics with broad impact on a company-wide basis. Develops a clearly defined business architecture for appropriate risk management which links business and technology strategies. In conjunction with the relevant specialist Risk executives, establishes appropriate risk management policies, procedures and standards. Responsible for the analysis and monitoring of all risks taken within the geographic remit. Responsibilities may include the New / Complex Product Approval Process, Market Risk Quantification, limit approval authority and reporting of risk. Interface with the senior business heads as well as with Country Management teama nd the Heads of other risk and support groups.
Requirements
Incumbents typically have over ten years of experience in market risk management or trading. Product knowledge and derivatives trading or quantitative skills are necessary. Significant leadership / management experience. |
Job Type: Permanent Location: Virginia-Vienna
Salary: [n/a] Date available: now Company: Stirling Council Company Description: [n/a] Company Website: [n/a]
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05/16/2012