Bank Of America Vice President Hedge Fund Underwriting Global Markets Credit 

United Kingdom, England, City of Westminster 

718866121

Job Title:Credit Risk Officer

Corporate Title: Vice President

London or Paris

Funds credit role within Global Markets Credit (GMC) responsible for managing the counterparty risk on a portfolio of EMEA-based hedge fund clients.

Responsibilities

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

• Detailed written analysis of fund counterparties 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 fund clients.

• Participate in the daily trade flow approval process

• 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 anycounterparties/issuesof concern as necessary.

• Conduct ad-hoc portfolio reviews and prepare management information as required.

• Contribute to regulatory tasks and deliverables as required in respect of EMEA fund portfolio.

• Promote engagement with Sales & Trading executives, Agreements & Documentation (A&D) partners, Collateral Management & Operations, Equity Prime Brokerage Risk, Enterprise Credit Risk and Market Risk Management.

Requirements

• Prior experience in a hedge fund counterparty credit risk role.

• Strong knowledge of fund strategies and associated risks.

• A good understanding of Global Markets suite ofproducts and legal documentation.

• Solid understanding of market risk metrics and ability to interpret stress/sensitivity data.

• Ability to manage significant deal flow often to tight deadlines in a dynamic and fast-paced environment.

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

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

• Good quantitative and Excel based skills required.

• Bloomberg experience advantageous.

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

UK

• 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.

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

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