Credit Analyst III​/Hedge Funds - Global Markets Credit

Credit Analyst III / Hedge Funds - Global Markets Credit

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company.

To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.

Credit analysis :
Participate in initial and ongoing due diligence of Hedge Funds (HFs). Perform quantitative and qualitative credit assessment, setting internal ratings and recommending credit limits

Initial margin calculation :
Determine initial margin (IM) and evaluate transactional risks associated with OTC and exchange traded derivatives, securities financing and structured trades

Trade approval :
Hold delegated approval authority to approve trading floor request (OTC derivatives) or to make recommendations to higher authority levels.

Relationship management :
Build strong working relationship with external HF clients, internal business partners including Sales, Structuring & Trading, Risk counterparts, Legal and Audit Function

Risk monitoring :
Undertake regular exposure analysis including internal stress testing and IM back testing. Monitoring of performance and AUM flow data received from HFs

Trading documentation :
Liaise with Legal and client in negotiating ISDA, CSA, GMRA etc.

Portfolio reviews :
Preparation of portfolio reports and reviews, including analysis of OTC and F&O exposures, any counter parties of concern and other pertinent risk issues.

Candidate will be responsible for underwriting credit lines to support hedge fund client traded products.

2+ years of prior hedge fund (Reg Fund or Financial Institution) risk management and / or hedge fund due diligence experience.

Proficient with Microsoft Office.

General knowledge of Hedge Funds, their strategies and financial derivatives.

Candidate will have significant exposure to Global Markets personnel including Trading / Structuring / Sales, as well various support partners.

Candidate must be comfortable working on transactions in a fast-paced capital markets / trading environment.

Ability to thrive in a fast-paced environment, consistently meet deadlines, and demonstrate strong quantitative and analytical skills.

Bachelor's Degree

Masters Degree

CFA Charter Holder

Attention to Detail

Client Management

Decision Making

Underwriting

Credit Documentation Requirements

Critical Thinking

Portfolio Management

Problem Solving

Written Communications

Financial Analysis

Negotiation

Minimum Education Requirement :
High School Diploma / GED / Secondary School or equivalent

Shift : 1st shift (United States of America)

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws.

The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. View your "Know your Rights" poster.