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Risk Analyst - Counterparty Credit Risk Portfolio Management

Bank of America | Jersey City NJ 07310 USA | Full Time | Posted: 11/15/2019

Job Descriptiontop

Job Description:

Responsible for independently conducting quantitative analytics and modeling projects. Responsible for developing new models, analytic processes or systems approaches. Creates documentation for all activities and works with Technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills and a broad knowledge of financial markets and products.

The Quantitative Finance Analyst will join the Counterparty Credit Risk Portfolio Management (CCRPM) team.

The CCRPM team is responsible for managing counterparty concentration, performing counterparty portfolio analysis, and delivering the counterparty stress testing portion of CCAR. 

The analyst will participate in constructing counterparty credit risk portfolio reviews along with specialized deep dives on specific counterparties.   The analyst will present their analysis to senior management, including Wholesale Credit, Enterprise Credit and Market Risk.  In this capacity, the analyst will need to leverage their expertise in counterparty credit risk management and traded products to highlight areas that warrant additional investigation, monitoring and discussion.  The analysis will encompass a range of counterparty exposure management techniques such as potential future exposure, CVA, stress testing, sensitivity analysis and wrong way risk.

Additionally, the analyst will assist in the managing of counterparty concentration limits at the counterparty level across asset classes.  The analyst will be responsible for maintaining strong risk discipline and demonstrated ability to working across a variety of functions including trading, sales and credit risk.

Required Skills:              

  • Bachelors degree required; Master in a quantitative discipline or finance/economics preferred                                                                                                                                              
  • Excellent knowledge of derivative products with approximately 2+ years experience with expertise in at least one asset class (FX, credit, rates, or equity)
  • Excellent knowledge of counterparty risk measurement techniques on derivatives and financing transactions
  • Strong computer skills (Office, VBA, Bloomberg, SQL)
  • Excellent communication skills both written and verbal
  • The successful candidate will need to have a mix of technical skills and the ability to communicate with a wide audience both written and orally
  • Self-starter who excels in a fast paced environment


  

Shift:

1st shift (United States of America)

Hours Per Week:

40

Job Detailstop

Location Jersey City, NJ, 07310, United States
Categories Banking/Investment

Location Maptop

Contact Informationtop

Contact Name -
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Job Code 19053519
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