VP/Director, Hedge Fund Underwriting, Global Markets Credit- Enterprise Credit

Bank of America; London, North East Derbyshire; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is looking for a skilled professional to manage EMEA hedge fund client portfolios. In this dynamic role, you will conduct in-depth analyses of hedge fund strategies and risks, perform credit assessments, and lead due diligence efforts. You'll collaborate with various teams to ensure effective risk management and contribute to critical reports for senior committees. This position offers a unique opportunity to work in a fast-paced environment, where your expertise will help shape the financial landscape. If you're passionate about making an impact in the financial sector, this role is perfect for you.

Qualifications

• Experience in hedge fund counterparty credit risk roles is essential.
• Strong knowledge of hedge fund strategies and risks required.

Responsibilities

• Manage a portfolio of EMEA hedge fund clients from onboarding to credit approval.
• Conduct detailed analyses of hedge fund clients' investment strategies.

Skills

Hedge Fund Counterparty Credit Risk

Investment Strategies

Liquidity Management

Quantitative Analysis

Communication Skills

Problem-Solving

Negotiation Skills

Tools

Excel

Bloomberg

Job description

Job Description:

Company Overview

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.

We are committed to being a diverse and inclusive workplace, hiring individuals from broad backgrounds and investing in our teammates and their families with competitive benefits supporting their well-being. We value flexibility and offer various arrangements depending on roles.

Working at Bank of America offers opportunities to learn, grow, and make an impact, empowering you to make a difference. Join us!

The Team

The Hedge Fund Credit team within Global Markets Credit (GMC) manages counterparty risk for a portfolio of EMEA-based hedge funds.

GMC, part of Enterprise Credit, handles credit relationships for wholesale clients, analyzing and underwriting debt financing and derivatives in line with Bank of America’s standards. GMC focuses on structured financing transactions, non-recourse lending to SPVs, hedge funds, regulated funds, CCPs, and municipal banking and markets. While independent, GMC collaborates with product specialists, relationship managers, and risk functions.

Responsibilities

1. Manage a portfolio of EMEA hedge fund clients from onboarding to credit approval and ongoing risk management.
2. Conduct detailed written analyses of hedge fund clients, understanding their investment strategies, liquidity, leverage, and volatility.
3. Perform qualitative and quantitative credit assessments, including stress and sensitivity analyses.
4. Lead credit due diligence calls and prepare assessments for risk review.
5. Recommend risk-based limits based on internal counterparty ratings.
6. Approve daily trade flows, including calculating and applying Initial Margin.
7. Coordinate with Legal for trading documentation and credit terms.
8. Identify and escalate limit overages, margin disputes, breaches, and issues promptly.
9. Support junior team members in managing limit breaches and developing product knowledge.
10. Prepare monthly reports on European hedge fund exposures for senior risk committees.
11. Engage with Sales & Trading, A&D, Collateral Management, Prime Brokerage Risk, and other teams.
12. Assist with ad-hoc projects and regulatory reports as needed.

Requirements

• Experience in hedge fund counterparty credit risk roles.
• Strong knowledge of hedge fund strategies and risks.
• Understanding of Global Markets and derivatives documentation.
• Ability to handle deal flow in a fast-paced environment.
• Effective communication and negotiation skills.
• Problem-solving skills and timely issue management.
• Good quantitative and Excel skills; Bloomberg experience is advantageous.
• Team player willing to support colleagues and leadership.

Our Values

Bank of America emphasizes sound conduct, sound judgment, and individual accountability. We are committed to equal opportunity employment, ensuring fair treatment regardless of gender, race, age, or other protected characteristics. We encourage candidates to inform us of any accessibility needs during the recruitment process.