Vice President, Private Equity and Leveraged Funds Credit Risk Officer

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description:

• Global Markets Credit (GMC) organization is responsible for credit risk underwriting, approval, ongoing risk monitoring and portfolio management of Counterparty credit and Global Markets (GM) financing transactions.
• Based in Hong Kong or Singapore, the role will be responsible for managing the counterparty risk on a portfolio of APAC and EMEA based Private Equity and leveraged fund clients. Managing the credit portfolio entails counterparty credit due diligence, preparing credit review memos, providing credit approvals and ongoing risk monitoring of the counterparty as well as traded products exposure.

Responsibilities

• Managing a portfolio of APAC and EMEA based Private Equity fund clients from on-boarding through to underwriting/credit approval and ongoing risk management.
• Detailed written analysis of PE funds demonstrating a good understanding of investment strategies, liquidity, leverage and volatility.
• Perform qualitative and quantitative credit assessment of clients and their trading exposure including stress and sensitivity analysis.
• Lead / participate in credit due diligence calls with PE clients.
• Liaise with Legal to initiate documentation for trading activity including the specification of credit terms as required.
• Build strong working relationship with clients, internal business partners including Sales, Structuring & Trading, Risk counterparts, Legal and Audit Function
• Timely identification and escalation of limit overages, margin disputes and missed calls, monthly NAV trigger breaches, escalation threshold breaches and ad-hoc report management, escalating any counterparties/issues of concern as necessary.
• Conduct ad-hoc portfolio reviews and prepare management information as required.
• Contribute to regulatory tasks and deliverables as required in respect of APAC and EMEA portfolio.
• Provide leadership, coaching and guidance to junior staff

Requirements

• Prior experience in a credit risk role preferably covering regulated, private equity and / or hedge fund clients.
• Knowledge of fund strategies and associated risks.
• A good understanding of Global Markets suite of products and legal documentation.
• Understanding of market risk metrics and ability to interpret stress/sensitivity data.
• Ability to manage significant deal flow often to tight deadlines in a dynamic and fast-paced environment.
• Confident self-starter with strong communication skills and an ability to negotiate effectively.
• Problem solver, ability to manage issues in a timely manner.
• Good quantitative and Excel based skills required.
• Bloomberg experience advantageous.
• Candidate should be a strong, motivated team player, willing to support other members of the team as required.

Why GMC?

• GMC (1st Line of Defense) sits within Enterprise Credit which delivers and manages credit relationship, underwriting and approval for wholesale clients in accordance with Bank of America's growth strategy, risk appetite and underwriting standards
• GMC is responsible for credit underwriting of Structured Financing Transactions, Non-Recourse Lending to SPVs, Specialty Finance, Hedge Funds and Regulated Funds, Central Counterparties (CCPs), and Municipal Banking and Markets.
• GMC is a growth area providing candidates with an opportunity to help shape and influence key credit underwriting and monitoring processes in support of the Global Markets business
• GMC supports both GM Trading & Financing businesses covering a wide array of products and portfolios providing opportunities to develop enhanced levels of product knowledge with GM businesses
• While we are an independent function, we work closely with product specialists, relationship managers and the risk function.