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Hedge Funds VP, Global Markets Credit - New York

Bank of America

Bank of America

New York, NY, USA
Posted on Friday, February 24, 2023

Job Description:

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.

*Required Skills: “Must” have these skills to be minimally qualified. ​*

  • 3+ years of Hedge Fund credit risk management experience which incorporates hedge fund trading strategies and their derivative product use

  • A deep understanding as well as exposure to the derivative and structure products space

  • Ability to manage significant deal volume in a fast-paced environment and products with heavy regulatory oversight

  • Strong organizational, oral, and written communication skills, with ability to communicate effectively with all levels of risk, support, and business partners

  • Proficiency with Bloomberg, Word, Excel and PowerPoint, along with ability to quickly learn new programs and applications

  • Undergraduate degree in Finance, Business Administration or related fields.

  • CFA/FRM or other professional qualification will be highly preferred

  • Candidate should exhibit strong personal drive, individual initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility

  • Formal bank credit training or equivalent is a plus

Desired Skills:

  • Proficient with Microsoft Office, Bloomberg

Job Band:

H5

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0