Bank Of America EU Funds Credit Portfolio Oversight Lead 

France, Ile-de-France 

151704676

Responsibilities:

• Providing risk approval and portfolio oversight of Global Funds exposures booked into the Paris Legal Entity.
  • Delivering a resolute operating environment in adherence with policies and procedures and in compliance with metrics
  • Serving as a local escalation point on risk and other issues for EMEA Funds
  • Contributing and participating in portfolio reviews, forums and risk meetings focused on the legal entity and overall Global Funds exposure and for a robust risk culture and environment
  • Supporting responses to regulatory inquiries, including through participation in meetings and presentations
  • Managing stakeholder relationships and partnering with Risk Management, Sales, Trading. Agreement & Documentation, and Operations

• Managing a portfolio of EMEA based fund clients from on-boarding through to underwriting/credit approval and ongoing risk management including;
  • Detailed written analysis of fund clients demonstrating a good understanding of investment strategies, liquidity, leverage and volatility.
  • Perform qualitative and quantitative credit assessment of clients and their trading exposure including stress and sensitivity analysis.
  • Conduct credit due diligence calls with clients and prepare written due diligence assessments for risk management review
  • Propose risk-based limits based on assigned internal counterparty rating
  • Approval of daily trade flow including the calculation and application of Initial Margin

What we are looking for:

• Extensive experience in a counterparty credit risk role underwriting hedge funds, regulated funds, and/or financial institutions and/or prime brokerage experience
• Experience building relationships with both internal and external at all levels of seniority.
• Substantial knowledge of hedge funds and regulated funds, their strategies and associated risks.
• A substantial understanding of Global Markets and derivative products risk and risk management
• Sense of ownership and communication skills across stakeholders
• Problem solver, ability to handle issues in a timely manner

France

• Competitive retirement plan in addition to State plans
• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.
• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers
• Life and disability insurance
• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later
• Reimbursement of 50% of your commuter pass
• Nursery scheme for children under age 3
• Works council benefits
• Access to an Employee Assistance Programme for confidential support and help for everyday matters
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities
• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.