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Bank of America Credit Analyst - Hedge Funds in New York, New York

Credit Analyst - Hedge Funds

New York, New York

Job Description:

Job Description and Requirements

Responsible for all aspects of the credit management of Hedge Funds (HF). This is a high-volume and fast-moving portfolio that utilizes a risk-based approach to drive revenue while maintaining appropriate credit risk disciplines.

  • Credit analysis: Participate in initial and ongoing due diligence of 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 backtesting. 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 counterparties of concern and other pertinent risk issues.

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.

Required Job Skills:

  • General knowledge of Hedge Funds, their strategies and derivative products

  • A deep understanding as well as exposure to the derivative and structure products space

  • Ability to manage significant deal volume in a fast-paced environment and products with heavy regulatory oversight

  • Strong organizational, oral, and written communication skills, with ability to communicate effectively with all levels of risk, support, and business partners

  • Proficiency with Bloomberg, Word, Excel and PowerPoint, along with ability to quickly learn new programs and applications

  • Undergraduate degree in Finance, Business Administration or related fields.

  • CFA/FRM or other professional qualification will be highly preferred

  • Candidate should exhibit strong personal drive, individual initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility

  • Formal bank credit training or equivalent is a plus

Job Band:

H6

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Description and Requirements

Responsible for all aspects of the credit management of Hedge Funds (HF). This is a high-volume and fast-moving portfolio that utilizes a risk-based approach to drive revenue while maintaining appropriate credit risk disciplines.

  • Credit analysis: Participate in initial and ongoing due diligence of 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 backtesting. 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 counterparties of concern and other pertinent risk issues.

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.

Required Job Skills:

  • General knowledge of Hedge Funds, their strategies and derivative products

  • A deep understanding as well as exposure to the derivative and structure products space

  • Ability to manage significant deal volume in a fast-paced environment and products with heavy regulatory oversight

  • Strong organizational, oral, and written communication skills, with ability to communicate effectively with all levels of risk, support, and business partners

  • Proficiency with Bloomberg, Word, Excel and PowerPoint, along with ability to quickly learn new programs and applications

  • Undergraduate degree in Finance, Business Administration or related fields.

  • CFA/FRM or other professional qualification will be highly preferred

  • Candidate should exhibit strong personal drive, individual initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility

  • Formal bank credit training or equivalent is a plus

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-21065309

Band: H6

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Jigna Karelia-Shah

Referral Bonus:

0

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 and affirmative action, 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.

To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .

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