Job Information
BofA Securities, Inc. Director / Risk Analysis Sr Manager in New York, New York
DUTIES:Perform complex analysis to contribute to the development of modeling that maximizes profits and asset growth and minimizes credit and operating losses and other risk exposures. Provide analytical support on various product strategies to ensure company goals are met. Coordinate the production of performance reports for Senior Management. Review and analyze trends in current population distributions and recommend strategies. Participate in the development of complex program models to extract data and use databases to provide statistical and financial modelling. Perform portfolio risk analysis to determine appropriate collateral requirements for quantitative arbitrage linear and non-linear strategies. Develop and refine rules and risk-based margin methodologies for all fund strategies. Monitor Risk Dashboards for any newly introduced risk through unsupported products. Negotiate the risk terms in the Prime Brokerage Agreements, Term Margin Agreements, ISDAs, Futures, and OTC Clearing Agreements. Assess appropriate margin methodologies to help facilitate workflow. Identify and mitigate risks to the business, including market, liquidity, and execution risks and conducting ad-hoc exposure analysis.REQUIREMENTS:Master's degree or equivalent in Risk Management and Finance, Mathematics, Economics, or related; and 5 years of experience in the job offered or a related finance occupation. Must include 5 years of experience in each of the following: Performing portfolio risk analysis to determine appropriate collateral requirements for quantitative arbitrage linear and non-linear strategies; Developing and refining rules and risk-based margin methodologies for all fund strategies; Monitoring Risk Dashboards for any newly introduced risk through unsupported products; Negotiating the risk terms in the Prime Brokerage Agreements, Term Margin Agreements, ISDAs, Futures, and OTC Clearing Agreements; Assessing appropriate margin methodologies to help facilitate workflow; and, Identifying and mitigating risks to the business, including market, liquidity, and execution risks and conducting ad-hoc exposure analysis.Req#24016880. If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com & reference the job title of the role & requisition number. No phone calls. EOE.
Minimum Salary: 300,000 Maximum Salary: 300,000 Salary Unit: Yearly