Counterparty Credit Portfolio Management – Funds Associate

Found in: beBee jobs US - 3 weeks ago

New York, New York, United States Bank of America Full time

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

GMC Overview

Global Markets Credit (GMC) is responsible for ensuring a comprehensive and consistent credit underwriting and monitoring process for Global Markets lending and trading activities. GMC partners directly with the Global Markets front line unit for client selection, underwriting and monitoring activities to drive revenue growth while maintaining appropriate risk disciplines. GMC also coordinates engagement with key control partners including Global Risk, Finance, Credit Review and Audit in accordance with our Risk Framework.

The GMC Portfolio Management Team is responsible for reporting, data analysis, and portfolio management of the GMC lending and trading portfolios. The Associate Funds Portfolio Manager will be responsible for the creation, maintenance and improvements of reports and data analysis under the Hedge Fund and Regulated Fund portfolios.

Job Description

As a Funds Portfolio Manager (PM), Associate, you will be integral in delivering Hedge Fund and Regulated Fund related counterparty credit risk reports, portfolio reviews, and presentations on a timely basis. The Associate will contribute to a robust monitoring environment through analysis and written updates to management, while working closely with Credit Officers and Portfolio Managers. You will develop an understanding of Global Markets Credit as you analyze our Hedge Fund and Regulated Fund portfolios. The experience level of individuals in this role typically ranges from three to six years. Associated role title includes Associate Portfolio Manager.

Responsibilities:
Assist with delivering routine reporting on an accurate and timely basis to ensure a robust monitoring environment
Analyze portfolios to determine key drivers and conduct further investigation as needed
Write effective summaries and presentations to complement reporting and data
Liaise closely with Credit Officers and other stakeholders to adapt or provide reporting, data analysis and data solutions in a dynamic environment
Support data integrity by identifying, escalating, and remediating data issues, following up with various partner groups to ensure resolution of identified issues
Demonstrate a strong control environment by incorporating checks and creating and maintaining process documentation
Produce ad hoc reporting and presentations to address business needs and risk environment
Contribute to presentations in response to regulatory and senior management requests
Understand the Hedge Fund and Regulated Fund underwriting and monitoring process, as well as the stress testing framework and methodologies employed to the trading portfolio
Support enterprise initiatives and partner with applicable stakeholders across the firm on emerging topics

Required Qualifications:
A least 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, as well as trading agreements (ISDA, GMRA/MRA, FIA, PB)
Strong organizational, oral and written communication skills, data analysis skills, and attention to detail; ability to work in a fast-paced environment and with quick turnaround times
Ability to understand complex data sets
Critical thinking skills to evaluate and investigate information
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

Shift:1st shift (United States of America)

Hours Per Week: 40

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