Vice President, Hedge Fund Underwriting, Global Markets Credit

at  Bank of America

JOB DESCRIPTION:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

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 of products 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.

• 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 any counterparties/issues of 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.