Vice President, Hedge Fund Underwriting, Global Markets Credit

il y a 4 jours


Paris, France Bank of America Temps plein

Job Description:

Job Title: Credit Risk Officer

Corporate Title: Vice President

Location: London or Paris

Company Overview

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone.

Bank of America believes both in the importance of working together and offering flexibility to our employees.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact.

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.

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.

  • 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.

Benefits of working at Bank of America

UK

  • Private healthcare for you and your family plus an annual health screen.

  • Competitive pension plan, life assurance and group income protection cover.

  • 20 days of back-up childcare and adult care per annum.

  • Flexible benefits to suit your personal circumstances.

  • Access to an emotional wellbeing helpline and Employee Assistance Program.

  • Ability to donate to charities with matching contributions from the bank.

  • Opportunity to access cultural membership programs.

  • Opportunity to volunteer in your local community.

France

  • Competitive retirement plan.

  • Mandatory Medical Plan provided by the bank.

  • Free health advice for employees and family members.

  • Life and disability insurance.

  • Time Savings Account (‘CET’) to save some of your leave days.

  • Reimbursement of 50% of your commuter pass.

  • Nursery scheme for children under age 3.

  • Access to an Employee Assistance Programme.

  • Opportunity to volunteer with local charities.

  • Free entry to arts exhibitions sponsored by Bank of America in Paris.

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. We are an equal opportunities employer.

We strive to ensure that our recruitment processes are accessible for all candidates.

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