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Location Overview:

Our London office is based just a stone's throw from the magnificent St. Paul's Cathedral on bustling King Edward Street. Here you'll find modern workspaces and a state-of-the-art auditorium space. In addition, we're proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

The Team

Funds credit role within Global Markets Credit (GMC) responsible for managing the counterparty risk on a portfolio of EMEA-based hedge fund clients.

GMC (1st Line of Defence) sits within Enterprise Credit which delivers and manages the credit relationship for wholesale clients in accordance with Bank of America's growth strategy, risk appetite and underwriting standards. Enterprise Credit is responsible for analysing and underwriting debt financing solutions and derivative strategies for Global Banking & Markets. GMC is responsible for underwriting Structured Financing Transactions, Non-Recourse Lending to SPVs, Specialty Finance, Hedge Funds and Regulated Funds (Real-Money Accounts), Central Counterparties (CCPs), and Municipal Banking and Markets. While we are an independent function, we work closely with product specialists, relationship managers and the risk function.

Responsibilities

• 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.

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.

Bank of America

Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.