Bank of America
Credit Analyst III/Hedge Funds - Global Markets Credit
Bank of America, Charlotte, North Carolina, United States, 28245
Credit Analyst III/Hedge Funds - Global Markets Credit
2 days ago Be among the first 25 applicants
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.
Bank of America is committed to an in‑office culture with specific requirements for office‑based attendance, while allowing for an appropriate level of flexibility for our teammates and businesses based on role‑specific considerations.
Responsibilities
Credit analysis: Participate in initial and ongoing due diligence of hedge funds. Perform quantitative and qualitative credit assessment, set internal ratings and recommend 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 requests (OTC derivatives) or to make recommendations to higher‑authority levels.
Relationship management: Build strong working relationships with external hedge‑fund clients and 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; monitor performance and AUM flow data received from hedge funds.
Trading documentation: Liaise with Legal and clients in negotiating ISDA, CSA, GMRA and other relevant agreements.
Portfolio reviews: Prepare portfolio reports and reviews, including analysis of OTC and F&O exposures, counterparties of concern and other pertinent risk issues.
Underwrite credit lines to support hedge‑fund client traded products.
Required Qualifications
2+ years of prior hedge‑fund (Regulatory Fund or Financial Institution) risk‑management and/or due‑diligence experience.
Proficient with Microsoft Office.
General knowledge of hedge funds, their strategies and financial derivatives.
Significant exposure to Global Markets personnel including Trading, Structuring, Sales and various support partners.
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.
Desired Qualifications
Bachelor's Degree.
Master's Degree.
CFA Charter Holder.
Skills
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)
Hours Per Week:
40
Seniority level:
Mid‑Senior level
Employment type:
Full‑time
Job function:
Finance and Sales
Industry:
Banking
#J-18808-Ljbffr
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.
Bank of America is committed to an in‑office culture with specific requirements for office‑based attendance, while allowing for an appropriate level of flexibility for our teammates and businesses based on role‑specific considerations.
Responsibilities
Credit analysis: Participate in initial and ongoing due diligence of hedge funds. Perform quantitative and qualitative credit assessment, set internal ratings and recommend 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 requests (OTC derivatives) or to make recommendations to higher‑authority levels.
Relationship management: Build strong working relationships with external hedge‑fund clients and 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; monitor performance and AUM flow data received from hedge funds.
Trading documentation: Liaise with Legal and clients in negotiating ISDA, CSA, GMRA and other relevant agreements.
Portfolio reviews: Prepare portfolio reports and reviews, including analysis of OTC and F&O exposures, counterparties of concern and other pertinent risk issues.
Underwrite credit lines to support hedge‑fund client traded products.
Required Qualifications
2+ years of prior hedge‑fund (Regulatory Fund or Financial Institution) risk‑management and/or due‑diligence experience.
Proficient with Microsoft Office.
General knowledge of hedge funds, their strategies and financial derivatives.
Significant exposure to Global Markets personnel including Trading, Structuring, Sales and various support partners.
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.
Desired Qualifications
Bachelor's Degree.
Master's Degree.
CFA Charter Holder.
Skills
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)
Hours Per Week:
40
Seniority level:
Mid‑Senior level
Employment type:
Full‑time
Job function:
Finance and Sales
Industry:
Banking
#J-18808-Ljbffr