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

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

New York, New York

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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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

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.

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.

Required Qualifications:

• 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

Desired Qualifications:

• 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.

Skills:

• Attention to Detail

• Client Management

• Decision Making

• Underwriting

• Credit Documentation Requirements

• Critical Thinking

• Portfolio Management

• Problem Solving

• Written Communications

• Financial Analysis

• Negotiation

• Regulatory Compliance

• Collaboration

• Credit and Risk Assessment

• Presentation Skills

• Prioritization

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

1st shift (United States of America)

Hours Per Week:

40

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Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

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