Bank Of America Director Hedge Fund Credit 

United Kingdom, England, City of Westminster 

331309243

Job Description:

Job Title: Director Hedge Fund Credit

Corporate Title: H4

Role Description:

Hedge Fund Credit role within Global Markets Credit responsible for managing the counterparty risk on a portfolio of EMEA-based hedge funds.

Responsibilities:

• Managing a portfolio of EMEA based hedge fund clients from on-boarding through to underwriting/credit approval and ongoing risk management.

• Detailed written analysis of hedge 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.

• Lead credit due diligence calls with hedge fund clients and prepare written DD assessments for risk management review.

• Propose risk-based limits based on assigned internal counterparty rating.

• Perform margin adequacy assessment of clients as part of credit underwriting process.

• Approval of daily trade flow including the calculation and application of Initial Margin

• Liaise with Legal to initiate documentation for trading activity including the specification of credit terms as required.

• Timely identification and escalation of limit overages, margin disputes and missed calls, monthly NAV trigger breaches, escalation threshold breaches and ad-hoc report management, escalating any counterparties/issues of concern as necessary.

• Assist junior colleagues to ensure timely attention of limit breaches and escalations.

• Assist junior team members in continued self-development including enhanced product knowledge and understanding of more complex clients/trades.

• Prior experience in a hedge fund counterparty credit risk role/Prime brokerage experience

• A good knowledge of hedge funds, their strategies and associated risks.

• A good understanding of Global Markets and derivative products/documentation.

• Confident self-starter with good communication skills and an ability to negotiate effectively.

• Problem solver, ability to manage issues in a timely manner

• Candidate should be a team player, willing to support more junior members of the team as well as the team lead, as required.

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner

• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons

• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum

• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.

• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

• Access to an Employee Assistance Program for confidential support and help for everyday matters

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

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