Rates and CPM Market Risk Manager

Are you a highly skilled and experienced risk manager with a strong understanding of the Rates and CPM market? Do you thrive in a fast-paced and dynamic environment, where your analytical skills and strategic thinking can make a significant impact? If so, Bank of America has an exciting opportunity for you as a Rates and CPM Market Risk Manager. In this role, you will be responsible for managing and mitigating market risks related to interest rates, credit spreads, and foreign exchange in the Rates and CPM portfolios. We are looking for a detail-oriented individual with excellent communication and leadership skills, who can collaborate effectively with various teams and stakeholders. If you are ready to take on a challenging and rewarding role in a leading financial institution, then we want to hear from you.

1. Develop and implement risk management strategies for the Rates and CPM portfolios, taking into account market trends and potential risks.
2. Monitor and analyze interest rates, credit spreads, and foreign exchange movements, providing timely and accurate risk assessments.
3. Identify and evaluate potential risks in the Rates and CPM portfolios, and propose appropriate risk mitigation measures.
4. Collaborate with other departments and teams to ensure alignment of risk management strategies and policies.
5. Communicate risk assessment findings and recommendations to senior management and other stakeholders.
6. Develop and maintain risk reporting systems and processes to effectively track and measure market risks.
7. Lead and mentor junior members of the risk management team, providing guidance and support on risk management best practices.
8. Stay up-to-date with industry developments, regulatory changes, and best practices in market risk management.
9. Conduct stress testing and scenario analysis to assess the impact of potential market events on the Rates and CPM portfolios.
10. Drive continuous improvement in risk management processes and systems to enhance efficiency and effectiveness.
11. Collaborate with other risk management teams to ensure a comprehensive and integrated approach to risk management across the organization.
12. Represent the bank in discussions with external stakeholders, such as regulators and auditors, on market risk management matters.
13. Maintain a thorough understanding of the bank's risk appetite and ensure that risk management activities are in line with it.
14. Proactively identify and escalate any potential risks or issues to senior management and recommend appropriate actions.
15. Uphold the bank's values and code of conduct, and comply with all relevant policies and regulations.

According to JobzMall, the average salary range for a Rates and CPM Market Risk Manager in Chicago, IL, USA is $90,000-$150,000 per year. This range can vary depending on the specific industry, company, and level of experience of the individual. Additionally, factors such as education level, certifications, and performance may also impact salary.

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and Legacy Assets and Servicing. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses.