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Credit Analyst - Hedge Funds

Employer
Bank of America Merrill Lynch
Location
New York, USA
Salary
Competitive
Closing date
Aug 19, 2021

View more

Job Function
Credit Analysis
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Description:

Job Description and Requirements
Responsible for all aspects of the credit management of Hedge Funds (HF). This is a high-volume and fast-moving portfolio that utilizes a risk-based approach to drive revenue while maintaining appropriate credit risk disciplines.
  • Credit analysis: Participate in initial and ongoing due diligence of HFs. Perform quantitative and qualitative credit assessment, setting internal ratings and recommending credit limits
  • Initial margin calculation: Determine initial margin (IM) and evaluate transactional risks associated with OTC and exchange traded derivatives, securities financing and structured trades
  • Trade approval: Hold delegated approval authority to approve trading floor request (OTC derivatives) or to make recommendations to higher authority levels.
  • Relationship management: Build strong working relationship with external HF clients, internal business partners including Sales, Structuring & Trading, Risk counterparts, Legal and Audit Function
  • Risk monitoring: Undertake regular exposure analysis including internal stress testing and IM backtesting. Monitoring of performance and AUM flow data received from HFs
  • Trading documentation: Liaise with Legal and client in negotiating ISDA, CSA, GMRA etc.
  • Portfolio reviews: Preparation of portfolio reports and reviews, including analysis of OTC and F&O exposures, any counterparties of concern and other pertinent risk issues.

Candidate will have significant exposure to Global Markets personnel including Trading / Structuring / Sales, as well various support partners. Candidate must be comfortable working on transactions in a fast-paced capital markets/trading environment.

Required Job Skills:
  • General knowledge of Hedge Funds, their strategies and derivative products
  • A deep understanding as well as exposure to the derivative and structure products space
  • Ability to manage significant deal volume in a fast-paced environment and products with heavy regulatory oversight
  • Strong organizational, oral, and written communication skills, with ability to communicate effectively with all levels of risk, support, and business partners
  • Proficiency with Bloomberg, Word, Excel and PowerPoint, along with ability to quickly learn new programs and applications
  • Undergraduate degree in Finance, Business Administration or related fields.
  • CFA/FRM or other professional qualification will be highly preferred
  • Candidate should exhibit strong personal drive, individual initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility
  • Formal bank credit training or equivalent is a plus


Job Band:
H6

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
0
Job Description:

Job Description and Requirements
Responsible for all aspects of the credit management of Hedge Funds (HF). This is a high-volume and fast-moving portfolio that utilizes a risk-based approach to drive revenue while maintaining appropriate credit risk disciplines.
  • Credit analysis: Participate in initial and ongoing due diligence of HFs. Perform quantitative and qualitative credit assessment, setting internal ratings and recommending credit limits
  • Initial margin calculation: Determine initial margin (IM) and evaluate transactional risks associated with OTC and exchange traded derivatives, securities financing and structured trades
  • Trade approval: Hold delegated approval authority to approve trading floor request (OTC derivatives) or to make recommendations to higher authority levels.
  • Relationship management: Build strong working relationship with external HF clients, internal business partners including Sales, Structuring & Trading, Risk counterparts, Legal and Audit Function
  • Risk monitoring: Undertake regular exposure analysis including internal stress testing and IM backtesting. Monitoring of performance and AUM flow data received from HFs
  • Trading documentation: Liaise with Legal and client in negotiating ISDA, CSA, GMRA etc.
  • Portfolio reviews: Preparation of portfolio reports and reviews, including analysis of OTC and F&O exposures, any counterparties of concern and other pertinent risk issues.

Candidate will have significant exposure to Global Markets personnel including Trading / Structuring / Sales, as well various support partners. Candidate must be comfortable working on transactions in a fast-paced capital markets/trading environment.

Required Job Skills:
  • General knowledge of Hedge Funds, their strategies and derivative products
  • A deep understanding as well as exposure to the derivative and structure products space
  • Ability to manage significant deal volume in a fast-paced environment and products with heavy regulatory oversight
  • Strong organizational, oral, and written communication skills, with ability to communicate effectively with all levels of risk, support, and business partners
  • Proficiency with Bloomberg, Word, Excel and PowerPoint, along with ability to quickly learn new programs and applications
  • Undergraduate degree in Finance, Business Administration or related fields.
  • CFA/FRM or other professional qualification will be highly preferred
  • Candidate should exhibit strong personal drive, individual initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility
  • Formal bank credit training or equivalent is a plus


Job Band:
H6

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
0
Job Description:

Job Description and Requirements
Responsible for all aspects of the credit management of Hedge Funds (HF). This is a high-volume and fast-moving portfolio that utilizes a risk-based approach to drive revenue while maintaining appropriate credit risk disciplines.
  • Credit analysis: Participate in initial and ongoing due diligence of HFs. Perform quantitative and qualitative credit assessment, setting internal ratings and recommending credit limits
  • Initial margin calculation: Determine initial margin (IM) and evaluate transactional risks associated with OTC and exchange traded derivatives, securities financing and structured trades
  • Trade approval: Hold delegated approval authority to approve trading floor request (OTC derivatives) or to make recommendations to higher authority levels.
  • Relationship management: Build strong working relationship with external HF clients, internal business partners including Sales, Structuring & Trading, Risk counterparts, Legal and Audit Function
  • Risk monitoring: Undertake regular exposure analysis including internal stress testing and IM backtesting. Monitoring of performance and AUM flow data received from HFs
  • Trading documentation: Liaise with Legal and client in negotiating ISDA, CSA, GMRA etc.
  • Portfolio reviews: Preparation of portfolio reports and reviews, including analysis of OTC and F&O exposures, any counterparties of concern and other pertinent risk issues.

Candidate will have significant exposure to Global Markets personnel including Trading / Structuring / Sales, as well various support partners. Candidate must be comfortable working on transactions in a fast-paced capital markets/trading environment.

Required Job Skills:
  • General knowledge of Hedge Funds, their strategies and derivative products
  • A deep understanding as well as exposure to the derivative and structure products space
  • Ability to manage significant deal volume in a fast-paced environment and products with heavy regulatory oversight
  • Strong organizational, oral, and written communication skills, with ability to communicate effectively with all levels of risk, support, and business partners
  • Proficiency with Bloomberg, Word, Excel and PowerPoint, along with ability to quickly learn new programs and applications
  • Undergraduate degree in Finance, Business Administration or related fields.
  • CFA/FRM or other professional qualification will be highly preferred
  • Candidate should exhibit strong personal drive, individual initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility
  • Formal bank credit training or equivalent is a plus


Shift:
1st shift (United States of America)

Hours Per Week:
40

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