Hedge Funds VP, Global Markets Credit - New York
New York, New York
**Job Description:**
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 Skills: Must have these skills to be minimally qualified.** *****
+ 3+ years of Hedge Fund credit risk management experience which incorporates hedge fund trading strategies and their derivative product use
+ 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
**Desired Skills:**
+ Proficient with Microsoft Office, Bloomberg
**Job Band:**
H5
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
**Weekly Schedule:**
**Referral Bonus Amount:**
0
**Job Description:**
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 Skills: Must have these skills to be minimally qualified.** *****
+ 3+ years of Hedge Fund credit risk management experience which incorporates hedge fund trading strategies and their derivative product use
+ 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
**Desired Skills:**
+ Proficient with Microsoft Office, Bloomberg
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
Learn more about this role
Full time
JR-23005086
Band: H5
Manages People: No
Travel: Yes, 5% of the time
Manager:
Talent Acquisition Contact:
Anthony Picano
Referral Bonus:
0
New York City pay and benefits information
**New York City pay range:**
$120,000 - $188,000
annualized salary, offers to be determined based on experience, education and skill set.
**Discretionary incentive eligible**
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
**Benefits**
This role is currently benefits eligible . We provide industry-leading benefits, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
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.
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