Job Description :
About Bank of America
Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries.
In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients.
We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.
Connecting Asia Pacific to the world
Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities.
Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.
Job Description- Analyst / Associate, Hedge Fund & PB Credit Officer (Global Markets Credit - Hong Kong or Singapore)
Global Markets Credit (GMC) organization is responsible for credit underwriting, ongoing monitoring and portfolio management of Global Markets (GM) financing and traded products transactions.
GMC is an organization of 110 people globally with teams in all major trading locations of New York, London and Hong Kong.
Based in Hong Kong or Singapore, role is in GMC Asia, responsible for all aspects of the credit risk management of Hedge Funds (including Prime Brokerage and Non PB) within Asia pacific including Japan.
Role / Responsibilities
Credit analysis : Participate in initial and ongoing due diligence of HFs covering both Prime Brokerage (PB) and Non PB clients.
Perform quantitative and qualitative credit assessment, setting risk ratings and recommending credit limits
Trade approval : Hold delegated approval authority to approve trading floor request (OTC derivatives) or to make recommendations to higher authority levels.
Risk management and monitoring : Undertake regular exposure analysis including internal stress testing and IM backtesting.
Monitoring of performance and AUM flow data received from HFs
Relationship management : Build strong working relationship with external HF clients, internal business partners including Sales, Structuring & Trading, Risk counterparts, Legal and Audit Function
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.
Initial margin calculation : Determine initial margin (IM) and evaluate transactional risks associated with OTC and exchange traded derivatives, securities financing and structured trades
Trading documentation : Liaise with Legal and client in negotiating ISDA, CSA, GMRA etc
Qualifications
1 -4 years of Financial Institutions or Hedge Fund credit risk management experience. Counterparty Credit experience will be considered as an advantage.
Master degree in Finance, Business Administration or related fields. CFA / FRM or other professional qualification will be highly preferred
A deep understanding as well as exposure to the derivative and structure products space
Good written and spoken communications skills in English
Excellent software skills including Excel, Bloomberg
Attention to detail and ability to work as a dedicated partner to the business while ensuring robust credit risk management
Ability to establish partnerships across the organization (Trading, Sales, Risk and support partners) and build effective work groups, requiring strong influencing and negotiating skills
Why GMC?
GMC is a global organization which partners directly with Global Markets in relation to client selection, structuring and credit underwriting to drive revenue growth while maintaining appropriate risk disciplines.
GMC is a growth area providing candidates with an opportunity to help shape and influence key credit underwriting and monitoring processes in support of the Global Markets business
GMC supports both GM Trading & Financing businesses covering a wide array of products and portfolios providing opportunities to develop enhanced levels of product knowledge with GM businesses
GMC offers opportunities to support dynamic trading portfolios such as Asset Managers, Hedge Funds, Private Equity and Central Clearing Counterparties with strong collaboration with Global Markets Sales & SMR teams globally
GMC also provides key underwriting support for a wide range of FICC and Equities Structured Lending portfolios, such as ABS Finance, Sustainable Financing, Global Credit and Equities Single Stock Financing
Bank of America is an equal opportunities employer.
