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    Global Markets Credit - New York, United States - Bank of America

    Bank of America
    Bank of America New York, United States

    3 weeks ago

    Bank of America background
    Description

    Job Description:


    At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.

    Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.


    One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world.

    We're devoted to being a diverse and inclusive workplace for everyone.

    We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

    Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.


    Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference.

    Join us


    Job Description:
    This job is responsible for analyzing credit and investigating existing and prospective clients and counterparts.

    Key responsibilities include focusing on but not limited to credit, market, and reputational risk; as well as adherence or monitoring of credit risk policies, risk appetite, and reporting, including but not limited to Top of House (TOH) and Line of Business (LOB) specific reports or regulatory related reporting.

    Responsible for all aspects of the credit management of Hedge Funds (HF).

    This is a high-volume and fast-moving portfolio that utilizes a risk-based approach to drive revenue while maintaining appropriate credit risk disciplines.


    Credit analysis:
    Participate in initial and ongoing due diligence of HFs. Perform quantitative and qualitative credit assessment, setting internal ratings and recommending credit limits

    Initial margin calculation:
    Determine initial margin (IM) and evaluate transactional risks associated with OTC and exchange traded derivatives, securities financing and structured trades

    Trade approval:

    Hold delegated approval authority to approve trading floor request (OTC derivatives) or to make recommendations to higher authority levels.


    Relationship management:
    Build strong working relationship with external HF clients, internal business partners including Sales, Structuring & Trading, Risk counterparts, Legal and Audit Function

    Risk monitoring:
    Undertake regular exposure analysis including internal stress testing and IM backtesting. Monitoring of performance and AUM flow data received from HFs

    Trading documentation:
    Liaise with Legal and client in negotiating ISDA, CSA, GMRA etc.

    Portfolio reviews:

    Preparation of portfolio reports and reviews, including analysis of OTC and F&O exposures, any counterparties of concern and other pertinent risk issues.


    Candidate will have significant exposure to Global Markets personnel including Trading / Structuring / Sales, as well various support partners.

    Candidate must be comfortable working on transactions in a fast-paced capital markets/trading environment.


    Responsibilities:
    Sets or supports the oversight of the ongoing management of risk parameters and guardrails for credit risk while ensuring adherence to risk appetite/limits, and actively inspects and/or designs risk scenarios to implement decisions

    Supports the credit approval process and therefore is accountable for overall portfolio performance and asset quality, including underwriting, structuring and monitoring tasks

    Conducts analysis, inspects and/or develops credit risk reporting for specific products, and monitors and reports on key indicators for changes in credit quality to communicate to senior management

    Ensures adherence to policy and standards and performs due diligence that the risk is within the banks defined risk appetite, using knowledge of stress testing and its applicability to credit risk

    Supports monitoring of adherence to industry risk governance, as well as monitoring for potential operational, reputational and market risk issues

    Identifies risks early that could impact the assigned portfolio and coordinates with business counterparts to resolve portfolio issues


    Required Skills:
    5-10 years of prior hedge fund risk management and/or hedge fund due diligence experience required

    Proficient with Microsoft Office, General knowledge of Hedge Funds and financial derivatives

    Credit and Risk Assessment

    Financial Accounting

    Issue Management

    Portfolio Analysis

    Risk Analytics

    Attention to Detail

    Business Intelligence

    Collaboration

    Interpret Relevant Laws, Rules, and Regulations

    Regulatory Compliance

    Oral Communications

    Presentation Skills

    Prioritization

    Project Management

    Written Communications


    Desired Skills:
    Bloombert


    Shift:
    1st shift (United States of America)


    Hours Per Week:
    40
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