Product Specialist-Counterparty Credit Portfolio Management-Funds

Job Description Global Markets Credit (GMC) is responsible for ensuring a comprehensive and consistent credit underwriting and monitoring process for Global Markets lending and trading activities. The GMC Portfolio Management Team is responsible for credit portfolio management, data analysis, and reporting of the GMC lending and trading portfolios. The Funds Portfolio Manager will be responsible for the creation, maintenance and improvements of reports and data analysis for the Hedge Fund and Regulated Fund portfolios. Responsibilities Assist with preparing critical risk overviews with accuracy and timeliness to support a strong risk monitoring environment Develop a strong understanding of Hedge Fund and Regulated Fund credit underwriting and monitoring process, as well as the stress testing framework and methodologies employed to the trading portfolio; identify and help implement opportunities to enhance efficiency Enable proactive risk management by evaluating credit risk, market risk/sensitivities, and stresses; partner with the broader team to produce recurring portfolio level and counterparty based combined credit and market risk reporting Collaborate closely with Credit Officers and other stakeholders to refine, adapt, or create specialized reporting/monitoring, data analysis, and data solutions in a fast paced, evolving environment Leverage AI solutions available bank-wide to drive efficiencies and reduce operational risks, ultimately resulting in time savings Support data integrity efforts by identifying, escalating, and driving resolution of data issues, coordinating with various partner groups to ensure timely remediation Uphold a strong control environment by designing and executing control checks, and developing and maintaining comprehensive process documentation Produce ad hoc reporting and presentations to meet emerging business needs and respond to shifts in the risk environment; contribute materials prepared for regulatory examinations and senior management requests Required Qualifications 3+ years of experience in counterparty credit risk, market risk, or credit portfolio management; at least 1 year experience with traded products portfolios (Hedge Funds, Regulated Funds), with an understanding of potential future exposure, stressed exposures, margin, and trading sensitivities, as well as trading agreements (ISDA, GMRA/MRA, FIA, PB) Understanding of traded products and businesses, including an understanding of Prime Brokerage Ability to understand and synthesize complex data sets Proficiency with SQL, Word, Excel, and PowerPoint, along with ability to quickly learn new programs and applications. Proficiency in VBA, Tableau, Alteryx, and Python is a plus. Personal drive and a sense of urgency and responsiveness with a willingness to grow, learn, and take on increasing levels of responsibility Desire to improve and streamline processes, and to troubleshoot independently Skills Data Collection and Entry Data and Trend Analysis Price Verification and Valuation Research Analysis Analytical Thinking Collateral Management Issue Management Policies, Procedures, and Guidelines Management Negotiation Research Risk Management Valuation Ethics and Practice Standards Vendor Management Minimum Education Requirement High School Diploma / GED / Secondary School or equivalent Shift 1st shift (United States of America) Hours Per Week 40 Pay Transparency details US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100) Pay range: $70,000.00 - $132,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible: This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits: This role is currently benefits eligible. We provide industry‑leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. #J-18808-Ljbffr Bank of America