Vice President / Director, Hedge Fund & PB Credit Risk Officer (Global Markets Credit - Hong Kong or Singapore)

Job Description:

About Bank of America

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. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. 

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. 

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
 

Job Description

• 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 130 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 clients (including Prime Brokerage) within Asia pacific including Japan.

Role/Responsibilities

Managing a portfolio of APAC based hedge fund clients from initial due diligence through to credit underwriting/ approval and ongoing risk management. Key tasks include

• Credit analysis: Participate and/or lead due diligence of HFs covering both Prime Brokerage (PB) and Non PB clients. Prepare credit assessment memos, setting risk ratings and recommending credit limits
• Trade and Credit memo approval: Hold delegated approval authority to approve Credit review memos and trading floor request (OTC derivatives) or to make recommendations to higher authority levels. 
• Risk management and monitoring: Undertake regular exposure analysis including monitoring of performance and AUM
• Relationship management: Build strong working relationship with external HF clients, internal business partners including Sales, Structuring & Trading, Risk counterparts, Legal and Audit Function
• Trading documentation: Liaise with Legal and client in negotiating ISDA, CSA, GMRA etc incld monitoring of NAV breaches
• Mentoring and training junior team members - Coach junior team members in continued self-development including enhanced product knowledge and understanding of more complex clients/trades.

Qualifications

• 9+ years of Financial Institutions or Hedge Fund credit risk management experience. Counterparty Credit experience will be considered as an advantage. Candidates with lesser experience can also be considered for VP role
• 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

Why GMC?

• 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, Sustainable Financing, Global Credit and Equities Single Stock Financing

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