Vice President, Asset Managers & Funds Credit Risk Officer (Global Markets Credit - Hong Kong or Singapore)

Job Description:

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 risk underwriting, approval, ongoing risk monitoring and portfolio management of Counterparty credit and Global Markets (GM) financing transactions.
• Based in Hong Kong or Singapore, Asset Manager & Funds Credit officer will have portfolio responsibility for managing BoA’s counterparty credit risk to asset manager and fund relationships within Asia Pacific including Japan. Managing the credit portfolio entails counterparty credit due diligence, preparing credit review memos, providing credit approvals and ongoing risk monitoring of the counterparty as well as traded products exposure.

Role/Responsibilities

• Participate in initial and ongoing due diligence of Asset Managers and Funds. Perform quantitative and qualitative credit assessment, prepare Credit Approval Memo (CAM), set risk ratings and recommend / approve credit limits
• Evaluate and provide approval for trading floor request (OTC derivatives) including recommending margin requirements and structural enhancements
• Manage the Asset Managers and Funds portfolio through active counterparty risk monitoring and exposure / stress analysis
• Preparation of portfolio reports and reviews, including analysis of OTC and F&O exposures, any counterparties of concern and other pertinent risk issues.
• Build strong working relationship with clients, internal business partners including Sales, Structuring & Trading, Risk counterparts, Legal and Audit Function
• Monitoring of performance and AUM data including compliance with trading agreement covenants  (NAV and/or performance ATEs)
• Liaise with Legal and client in negotiating trading agreement incld ISDA, CSA, GMRA etc
• Provide leadership, coaching and guidance to junior staff

Qualifications

• 7+ years of Financial Institutions or Fund credit risk management experience. Counterparty Credit experience will be considered as an advantage.
• Master degree in Finance, Business Administration or related fields. CFA/FRM or other professional qualification will be highly preferred
• Strong credit background and analytical skills -
• Good understanding and exposure to derivatives
• Good written and spoken communications skills in English
• 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 undertake credit risk coverage for various dynamic trading portfolios such as Asset Managers, Hedge Funds, Private Equity and Central Clearing Counterparties
• GMC also provides credit risk coverage for a wide range of Global Markets Lending portfolios, such as ABS Finance, Structured Credit, Commodities and Structured equity financing