Bank Of America Associate Hedge Fund Credit 

United Kingdom, England, City of Westminster 

690892027

Job Description:

Job Title: Associate, Hedge Fund Credit

Corporate Title: Associate

Role Description:

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

Responsibilities:

• Provide support to credit officers in proactively managing the European hedge fund (‘HF’) client portfolio, from a counterparty credit risk perspective.

• Role requires timely attention to daily risk management routines including but not limited to:

• Credit limit and collateral management reporting/excesses
• Hedge fund escalation threshold breaches (typically key market risk sensitivities)
• Risk rating alerts/adverse news in respect of EMEA hedge fund clients
• NAV trigger breaches and timeliness of monthly risk reporting
• Trades without credit codes and/or Independent Amount (margin)
• Agent limits and guardrail reporting
• Ad-hoc client related issues
• Monitor HF dashboards for items requiring credit officer attention.

• Proactively engaging with other business partners/stakeholders including but not limited to, Sales & Trading, LOB Risk, Collateral Management, 2nd line Risk, Agreements & Documentation.

• Maintain client pipeline for EMEA HFs, connecting with credit officers to ensure status comments remain current and all work items are captured in the tool.

Motivated self-starter with a ‘can-do’ attitude.

Strong analytical and problem solving skills.

Ability to multi-task and often under pressure often to tight deadlines.

Desire to expand knowledge/experience of credit underwriting and risk management of HF clients.

• 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.