Associate Hedge Fund & Prime Brokerage Credit jobs at Bank Of America in China

Role/Responsibilities:

• Global Markets Credit (GMC) organization is responsible for credit underwriting, approval and ongoing risk management of Global Markets (GM) financing and traded products transactions. Based in Hong Kong, the role is in GM Credit Asia, responsible for all aspects of the credit risk management for the following two key businesses within Asia Pacific (including Japan).
• SPV repacks (Derivatives) related:
  • SPV repacks business is focused on derivative credit exposure facing bankruptcy-remote SPV established for purpose of issuing Credit Linked Notes (CLNs) or Asset Repackaging Notes (Repacks). Key responsibilities will include.
  • Conducting comprehensive credit review including underlying issuer and derivative exposure analysis, preparing Credit Underwriting Memos with approval recommendations for all trading exposures related to SPVs.
  • Identifying risk in complex credit proposals and structures, suggesting approximate risk mitigants.
  • Ongoing transaction and charged asset risk monitoring, ensuring any deterioration in the charged asset portfolio is identified and escalated for suitable timely action.
  • Undertake portfolio reviews and develop/generate reports highlighting key portfolio risk and sensitivities.
• Structured Financing Lending Transactions (SFT excld. securitization) related:
  • SFT business provides both recourse or non-recourse financings, collateralized by equity (single stock or portfolio of stocks) or fixed income (Bonds, Loans etc). Key responsibilities will include.
  • Credit Review of transaction proposals, undertaking credit and collateral issuer analysis, preparing Credit Underwriting Memos with approval recommendations.
  • Preparation of portfolio reports and credit reviews, including analysis of SFT exposures, any counterparties of concern and other pertinent risk issues.
  • Monitor macro, sector and issuer specific market trends so as to ensure any early warning or risk indicator for the portfolio is identified and escalated for suitable timely action.

Skills:

• 2-8 years of credit risk experience covering Corporates or FIs.
• Strong credit risk analysis and conclusion-oriented analytical skills. A deep understanding as well as exposure to the derivative and financing space
• Master degree in Finance, Business Administration or related fields. CFA/FRM or other professional qualification will be highly preferred
• Good written and spoken communications skills in English
• Excellent software skills including Excel, Bloomberg
• Ability to establish partnerships across the organization (Trading, Sales, Risk and support partners) and build effective work groups, requiring strong

Job Description Summary

Global Payments Solutions (GPS) turns technological advances into treasury solutions. GPS offer a smarter, more sophisticated treasury relationship that redefines insights, delivers efficiency and helps our clients stay ahead.

The Global Payments Solutions Non-Financial Regulatory Reporting Center of Excellence (GPS NFRR COE) centrally manage the ownership of GPS NFRRs. As a GPS NFRR COE Report Owner at Bank of America, you’ll play a critical role in ensuring compliance with regulatory reporting requirements and developing and maintaining procedures and processes to ensure accurate, complete, and timely submission of regulatory reports in conformance with regulatory instructions. We’re looking for someone with a passion for the financial industry and a commitment to producing high-quality work. The ideal candidate for this role will have a minimum of 5 years of experience in regulatory reporting, cash management or trade finance. To succeed in this role, you must possess excellent communication and problem-solving skills and a strong attention to detail.

Primary Roles & Reponsibilities

• Responsible for accurate, complete, and timely submission of NFRRs in conformance with regulatory instructions.
• Develop and maintain procedures and processes to ensure accuracy and efficiency of all regulatory reporting activities and ensure compliance with applicable regulatory reporting requirements.
• Partner closely with risk function colleagues to identify, understand, and implement new regulatory reporting requirements.
• Collaborate with governance team on governance procedures, error escalation and issue management process.
• Troubleshoot and drive the resolution of issues related to regulatory reporting.
• Participate in audit/regulatory exams/compliance assessments/key governance forums.

Required Skills:

• Candidate will be a self-motivated, keen attention to detail, and a high energy level individual.
• University degree with 5-7 years working experience in banking or finance industry.
• Proficiency in English and at least 2 foreign languages in (Japanese, Korean, Mandarin, or Thai).
• Basic knowledge in Transaction Banking products offered by global financial insitution.
• Excellent professional skills, including verbal and written communication, presentation, time mangement and stakeholder management

Desired Skills:

• Prior experience in Transaction Banking will be a plus.
• Basic knowledge in Tax regulations/reporting will be a plus.

Job Description Summary

Global Payments Solutions (GPS) turns technological advances into treasury solutions. GPS offer a smarter, more sophisticated treasury relationship that redefines insights, delivers efficiency and helps our clients stay ahead.

The Global Payments Solutions Non-Financial Regulatory Reporting Center of Excellence (GPS NFRR COE) centrally manage the ownership of GPS NFRRs. As a GPS NFRR COE Report Owner at Bank of America, you’ll play a critical role in ensuring compliance with regulatory reporting requirements and developing and maintaining procedures and processes to ensure accurate, complete, and timely submission of regulatory reports in conformance with regulatory instructions. We’re looking for someone with a passion for the financial industry and a commitment to producing high-quality work. The ideal candidate for this role will have a minimum of 5 years of experience in regulatory reporting, cash management or trade finance. To succeed in this role, you must possess excellent communication and problem-solving skills and a strong attention to detail.

Primary Roles & Reponsibilities

• Responsible for accurate, complete, and timely submission of NFRRs in conformance with regulatory instructions.
• Develop and maintain procedures and processes to ensure accuracy and efficiency of all regulatory reporting activities and ensure compliance with applicable regulatory reporting requirements.
• Partner closely with risk function colleagues to identify, understand, and implement new regulatory reporting requirements.
• Collaborate with governance team on governance procedures, error escalation and issue management process.
• Troubleshoot and drive the resolution of issues related to regulatory reporting.
• Participate in audit/regulatory exams/compliance assessments/key governance forums.

Required Skills:

• Candidate will be a self-motivated, keen attention to detail, and a high energy level individual.
• University degree with 5-7 years working experience in banking or finance industry.
• Proficiency in English and at least 2 foreign languages in (Japanese, Korean, Mandarin, or Thai).
• Basic knowledge in Transaction Banking products offered by global financial insitution.
• Excellent professional skills, including verbal and written communication, presentation, time mangement and stakeholder management

Desired Skills:

• Prior experience in Transaction Banking will be a plus.
• Basic knowledge in Tax regulations/reporting will be a plus.

Key Responsibilities

• Prepare financial spreading and detailed credit memos/analysis of Financial Institutional clients (including banks, broker dealers, insurers and fintech firms), and recommend credit decision based on the financial information, macro-economic/ industry situations, and other relevant information that comply with the Bank’s credit policies, procedures, business strategies, and regulatory requirements.
• Manage a portfolio of clients and monitor their financial performance and news daily to identify and escalate any emerging risks promptly. Also, attend client meetings to perform credit due diligence periodically.
• Collaborate with other LOBs and business partners (including Credit Risk, Corporate Banking, Investment Banking, Global Markets, and Global Transaction Services) to leverage their expertise and insights on clients. Also assist in managing client relationships, finding appropriate financial solutions and ensure all parties are aligned with the Bank’s overall strategic goals and objectives.
• Work on ad hoc reports and handle any duties assigned by manager or senior team members.

Competencies

• Strong analytical skills, and excellent written and verbal communication skills in both English and Chinese.
• 4-5 years of experience in banking/finance industry, with some knowledge of capital markets, banking products, financial institution markets and regulatory landscape in Greater China.
• Strong collaborative skills and a good team player.
• High level of accuracy in work with attention to small details.
• Good time management and ability to work effectively under tight time pressure.
• Minimum Bachelor’s degree in Business Administration, Economics or related disciplines.

Responsibilities:

The Trading Strategist (C++ & Python Quant Developer) is responsible for supporting the expansion of Systematic market-making in APAC Central Risk Book. This role will involve in the research & development, implementation, and management of market-making trading strategies and systems.

Requirements:

• The ideal candidate for CRB requires the combination of quantitative, technical, and commercial focus.
• Strong Python & C++ technical background
• Solid experience and knowledge in Systematic market-making
• Ability to carry signal research from design to implementation and testing
• Understanding of market dynamics & option pricing
• Experience in trading strategies, trading system design, market connectivity
• Strong critical thinking and risk management
• Excellent communication skills and highly collaborative

Responsibilities

• Lead corporate access activities including conferences, NDR, tours and bespoke trips
• Lead APAC conferences and corporate days including event planning and marketing, corporate invitations and liaisons, meeting scheduling and onsite event management (both virtual and in person)
• Work closely with Sales and Analyst teams in developing and delivering corporate access activities
• Work with regional Corporate Access team members on APAC and Global corporate access activities
• Arrange all travel logistics including booking of venues and relevant transportation

Requirements

• At least 3 to 4 years of experience working in Corporate Access from the sell side or buy side
• Able to multi-task and work under pressure in a fast-paced banking environment
• Independent self-starter but can work as part of the regional and global team
• A problem solver and a team player
• A strong communicator interacting with internal and external stakeholders
• Highly detail-oriented, independent, and reliable with strong excel and organizational skills

Job Descriptions:

The candidate will work on a team with a Senior Analyst responsible for all aspects of the research process from idea generation to client communications, including but not limited to the following:

• Perform complex financial modeling & valuation work.
• Write regular industry and company reports and company initiations from scratch.
• Develop and maintain databases integral to our research product.
• Develop strong industry knowledge and business judgment.
• Work with Senior Analyst to explore key industry themes.
• Stock coverage on a number of sub-sectors.
• Build relationships and facilitate information flow with contacts at covered companies.
• Participate and contribute to client meetings and events.
• Closely follow and understand market, industry and company specific activity, and relay to analyst.
• Seek out new, value-added, and/or unusual sources of information.
• Interact regularly with clients, both internal and external.

Requirements

• A minimum 3 years work experience in a relevant analytical/financial markets role. Prior sell side or buy side equity research experience preferred.
• A solid understanding of equity research, valuation and financial markets, plus a proven track record of high quality analytical research, written product and strong communication skills.
• Important to this role is an inquiring nature and ability to think logically whilst expressing your views both clearly and in an engaging manner.
• Strong modelling and database skills are also essential.
• Demonstrated ability to write high quality, evidence-based projects or reports.
• Fluency (written and spoken) in English and Mandarin.
• Willing to promote your ideas and work to a variety of stakeholders.
• Creative Thinking: Ability to generate new ideas and possibilities, and to see business opportunities from a novel perspective.
• Flexibility: The capacity to adapt approach in light of shifting priorities or changing conditions.
• Team Orientation / Teamwork / Collaboration: The willingness to work as a member of a team.
• Self starter: the ability to pro-actively identify required analysis and complete projects with limited supervision.