Credit Analyst - Hedge Funds

Employer
Bank of America Merrill Lynch
Location
New York, USA
Salary
Competitive
Posted
Jul 28, 2021
Closes
Aug 03, 2021
Ref
11609660
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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