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Analyst, Global Markets Credit, Hong Kong

Hong Kong, , Hong Kong

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.

Responsibilities

  • GMC Asset Manager (GMC AM) team within Wholesale Credit is responsible for all aspects of the credit underwriting and risk management of the Banks agency portfolio of non hedge-fund clients within APAC.

  • Analysing fund prospectus and preparing counterparty analysis memo for annual renewals and new requests with a view to formulating a recommendation for credit appetite and risk rating;

  • Take ownership and accountability for ensuring timely submission of Credit Approval memo, interim monitoring of clients’ financial performance and other ad hoc analysis and reporting as required;

  • Hold delegated approval authority to approve trading floor transaction request (OTC derivatives) or to make recommendations to higher authority levels. 

  • Preparation of portfolio reports and reviews, including analysis of OTC and F&O exposures, any counterparties of concern and other pertinent risk issues.

  • Follow, monitor and elevate market trends and events which may impact the credit quality of the portfolio; together with ongoing monitoring and analysis of risk ratings and exposure for assigned clients

  • In coordination with business units and senior risk management, establishing and maintaining credit policies/procedures and limit frameworks, including underwriting and portfolio guidelines

  • Developing a working understanding of relevant legal documents (ISDA, CSA, GMRA etc), credit agreements and amendments, in order to recommend appropriate credit terms governing transactions.

  • Coverage focus is primarily non hedge fund portfolio however suitable candidates will have an opportunity to cover some hedge fund clients as well

Requirements

  • Master or Bachelor’s degree in Finance, Business Administration or related fields. CFA/FRM or other professional qualification will be highly preferred

  • Strong credit risk analysis comprising risk-based and conclusion-oriented analytical skills and an ability to defend a point of view.  A particular interest in funds is recommended;

  • Experience and knowledge of financial traded products to include FX, Equities & Credit Derivatives;

  • Good communication skills, both written and oral - ability to be concise and with attention to accuracy and detail; ability to influence business partners and stakeholders;

  • Strong work organisational skills with an ability to prioritise and work under pressure to ensure commitment deadlines are met. Ability and willingness to work as part of a team is essential;

  • Technical skills including Word, Excel, Powerpoint;

  • Familiarity with trading documentation (ISDA/CSA, GMRA, GMSLA, F&O)

Bank of America is an equal opportunities employer.

Learn more about this role

Full time

JR-21008795

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Check out the Hong Kong office

Located in the bustling Central District, we’re minutes away from out-of-this-world city views from Peak Tram and delight as the Symphony of Lights set Victoria Harbour ablaze.

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Street Address

Primary Location:
2 QUEEN'S RD, Hong Kong