Second line credit risk role to assist in the oversight of hedge fund related trading activities (including Clearing/Prime Brokerage) and loan facilities. Traded products oversight will include review of product level sensitivities and stresses, review of non-standard documentation terms and sufficiency of trade level initial margin. The candidate will also assist in the preparation of periodic portfolio reviews with a goal of pro-actively identifying tail risks in the hedge fund portfolio. The Counterparty Credit Risk Manager will primarily interface with first line credit risk officers on the review of hedge fund exposures. Product and counterparty credit knowledge, along with database/Excel skills are necessary.
The candidate will be responsible for assisting in the risk management of a portfolio which includes hedge funds, asset managers and private equity funds.
Required Skills and Experience:
Minimum 10 years of experience, preferably in either a counterparty credit analysis or portfolio management role
5+ experience in analyzing buy-side firms such as hedge funds, asset managers and private equity funds
Knowledge of capital markets products, including equity derivatives, structured credit, credit derivatives, interest rate swaps, commodities and foreign exchange
Knowledge of prime brokerage and various clearing activities
Familiarity with trading documents including ISDA, Master Repurchase Agreements and Futures & Options Agreements
Sound written analytical skills
Ability to perform database queries, summarize and interpret results
Ability to perform advanced functions in Excel
Ability to prepare SharePoint presentations for senior management and other risk partners
1st shift (United States of America)
Hours Per Week:
Internal Number: 21021001
About Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.