VP/Director, Hedge Fund Underwriting, Global Markets Credit- Enterprise Credit London, United Kingdom 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. 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! The Team Hedge Fund Credit role within Global Markets Credit (GMC) responsible for managing the counterparty risk on a portfolio of EMEA-based hedge funds. GMC(1st Line of Defence) sits within Enterprise Credit which delivers and manages the credit relationship for wholesale clients in accordance with Bank of America's growth strategy, risk appetite and underwriting standards. Enterprise Credit is responsible for analysing and underwriting debt financing solutions and derivative strategies for Global Banking & Markets. GMC isresponsible for underwriting Structured Financing Transactions, Non-Recourse Lending to SPVs, Specialty Finance, Hedge Funds and Regulated Funds (Real-Money Accounts), Central Counterparties (CCPs), and Municipal Banking and Markets.While we are an independent function, we work closely with product specialists, relationship managers and the risk function. Responsibilities - Managing a portfolio of EMEA based hedge fund clients from on-boarding through to underwriting/credit approval and ongoing risk management. - Detailed written analysis of hedge fund clients 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 credit due diligence calls with hedge fund clients and prepare written due diligence assessments for risk management review. - Propose risk-based limits based on assigned internal counterparty rating. - Approval of daily trade flow including the calculation and application of Initial Margin - Liaise with Legal to initiate documentation for trading activity including the specification of credit terms as required. - 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 anycounterparties/issuesof concern as necessary. - Assist junior colleagues to ensure timely attention of limit breaches and escalations. - Assist junior team members in continued self-development including enhanced product knowledge and understanding of more complex clients/trades. - Prepare monthly management information in respect of European hedge fund exposures for senior risk committees and be able to speak to the data. - Promote strong engagement with Sales & Trading executives, Agreements & Documentation (A&D) partners, Collateral Management & Operations, Prime Brokerage Risk, Enterprise and Market Risk Management. - Assist in ad-hoc project work and regulatory deliverables as required. Requirements - Prior experience in a hedge fund counterparty credit risk role. - Strong knowledge of hedge funds, their strategies and associated risks. - A good understanding of Global Markets and derivativeproducts/documentation. - 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 team player, willing to support more junior members of the team and the team lead, as required. Bank of America Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well. We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience. We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\EEOC\KnowYourRights6.12.pdf). View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf). Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. To view Bank of America's Drug-free Workplace and Alcohol Policy, CLICK HERE. 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. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.