Credit Analyst III - Reg Fund/Credit Risk - Global Markets Credit

Bank of America•New York, NY

1d•Onsite

About The Position

This job is responsible for analyzing and managing credit risk of existing and prospective clients and counterparties. Key responsibilities include focusing on, but not limited to credit, market, and reputational risk; as well as adherence and monitoring of credit risk policies, risk appetite, and reporting, including but not limited to Top of House (TOH) and Line of Business (LOB) specific reports or regulatory related reporting. Responsible for all aspects of the credit management of Americas (AMRS)-based Regulated Funds and Asset Managers.

Requirements

1+ years of experience in commercial and/or corporate credit risk, preferably covering regulated and/or alternative fund clients
Ability to manage significant deal flow often on tight deadlines in a dynamic and fast-paced environment
Self-starter with excellent communication skills, problem solver with an ability to negotiate effectively
Able to work as part of a team, willing to support more junior members of the team as required
Good quantitative and Excel based skills

Nice To Haves

Bachelor's Degree in Finance, Economics, Accounting or similar fields
Experience using Bloomberg or similar market data platforms
Understanding of Global Markets suite of products, market risk metrics and legal documentation.

Responsibilities

Manage a fast-paced, high-volume portfolio of AMRS-based regulated and alternative fund clients from on-boarding through to underwriting/credit approval and ongoing monitoring and oversight.
Conduct detailed analysis of clients demonstrating a good understanding of investment strategies, liquidity, leverage and the trading products & associated risks, that the funds trade.
Assign internal counterparty risk ratings and recommend risk limits and guardrails based on clients’ risk profile
Liaise with Legal to negotiate relevant documentation (ISDA, GMRA, MSFTA, MSLA, etc.) for trading activities.
Perform ongoing monitoring of clients regarding changes in credit quality, adherence to risk appetite/limits and policies.
Support monitoring of adherence to industry risk governance, as well as monitoring for potential operational, reputational and market risk issues
Coordinate and build strong working relationship with colleagues including Sales & Trading, 2nd Line Risk, Credit Risk review and Audit functions, and LOB management.
Conduct ad-hoc portfolio reviews and prepare management information as required.
Contribute to regulatory tasks and deliverables as required in respect of AMRS Asset Managers portfolio.