Associate, Hedge Fund & Prime Brokerage Credit Officer, Global Markets Credit, Hong Kong/ Singapore

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

• 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.

• 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

• 3+ 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

• 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, Global Credit and Equities Single Stock Financing