Credit Analyst responsible for underwriting Hedge Funds within Bank of America’s Global Markets. Managing credit lines, trade approvals, and relationship management in a fast-paced environment.
Responsibilities
Responsible for all aspects of the underwriting and credit management of Hedge Funds (HF) for the Global Markets business
Participate in initial and ongoing due diligence of HFs
Perform quantitative and qualitative credit assessment, setting internal ratings and recommending credit limits
Determine initial margin (IM) and evaluate transactional risks associated with OTC and exchange traded derivatives, securities financing and structured trades
Hold delegated approval authority to approve trading floor request (OTC derivatives) or to make recommendations to higher authority levels
Build strong working relationship with external HF clients, internal business partners including Sales, Structuring & Trading, Risk counterparts, Legal and Audit Function
Undertake regular exposure analysis including internal stress testing and IM back testing
Liaise with Legal and client in negotiating ISDA, CSA, GMRA etc.
Preparation of portfolio reports and reviews, including analysis of OTC and F&O exposures, any counterparties of concern and other pertinent risk issues.
Requirements
2+ years of experience in counterparty credit risk, market risk, or credit underwriting related activities within a financial institution or regulated fund environment
Proficient with Microsoft Office
General knowledge of Hedge Funds, their strategies and financial derivatives
Must be comfortable working on transactions in a fast-paced capital markets/trading environment.
Benefits
Discretionary incentive eligible
Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors
Flexible work arrangements
Industry-leading benefits
Access to paid time off
Job title
Credit Analyst III – Hedge Funds, Global Markets Credit
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