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Job Description: CorporateTitle: Vice President Location: London LineofBusiness: Corporate Audit
Are you a dedicated audit professional? Want to join a dynamic, high-energy working environment? Here in our London office, we are looking for a talented Quantitative Finance Analyst to join our Market Risk Audit team.
Our team covers Market Risk and Valuation Risk across GM, CIG, FVO and Treasury and, on occasion, Counterparty credit risk audits. Our core objectives are to:
Run Risk audits globally and in each region and key Legal Entities
Contribute to integrated audits regionally and globally
Provide subject matter expertise for the wider Audit group
Build and integrate market risk knowledge and preventative mindset into the larger audit group
The group has grown rapidly over the past two years. Our team is quite unique in the market, giving great access to senior management in the front office and risk functions. It is also a centre of excellence within Corporate Audit; meaning we can offer many positives in terms of your career development.
What will your key responsibilities be?
Responsible for leading audit reviews of global markets' portfolios focusing on market & credit risk & Valuation
Providing mentorship to the wider group
Participating in mainstream audit work, acting as subject matter authority for risk, valuation, derivatives
Continuous monitoring of risks in global markets, Corporate treasury and CIG portfolios
Engaging professional in trading and risk management in frequent dialogue regarding portfolios, markets, positions, liquidity, funding, pricing, valuation, etc.
Continuous monitoring and verification of Value at Risk estimates, Stress testing results at many different levels of granularity for positions and portfolios in global markets
Participating in communications with regulatory agencies
Developing effective professional relationships with associates in trading, risk management, finance, middle office, back office, rest of corporate audit
Capable of leading projects and people to implement developmental initiatives
What skills and competencies will you ideally possess?
Excellent quantitative/analytical skills
Depth and a breadth of knowledge of financial markets and derivative products - particularly in Equities, Commodities, Rates, Currencies and Credit Instruments
Previous experience in global markets - either trading, risk management, quantitative analytics or corporate audit
Advanced degree in a quantitative field (mathematics or physical sciences, engineering, etc.), finance, or economics, or equivalent experience
Excellent interpersonal skills - listening, speaking and writing
Excellent people skills - you are dedicated; able to work independently and as a teammate at several levels of seniority and leadership
Build credibility with fellow associates in Audit as well as associates in risk management and trading
Being able to travel up to 25% of the time
Demonstrable knowledge of complex derivatives
Good coding skills
Deep knowledge of financial models across asset classes
About Bank of America Merrill Lynch
Bank of America is one of the world's leading financial institutions, serving individual consumers, small- and middle-market businesses, large corporations and governments with a full range of financial and risk management products and services. Bank of America Merrill Lynch is the marketing name for the global banking and markets businesses.
The company has had a presence in EMEA since 1922. With offices in 23 countries on three continents, it offers an integrated and comprehensive set of products and services across Global Corporate and Investment Banking, Global Markets and Consumer Card, serving the needs of individual, corporate, institutional and government clients, combining the best of local knowledge and global expertise. Developing solutions for social and environmental challenges is at the core of Bank of America Merrill Lynch's responsibility platform. In more than 90 countries around the world, we partner with employees, clients and stakeholders to help make financial lives better.
If you are interested in this opportunity please send your details to us by applying online with your CV.
Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mindset are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.
We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.