Global Markets Credit, Wholesale Credit Admin Associate - Hedge Funds, Bromley

Bank of America Bromley a month ago

Job Description:

Global Markets Credit (GMC) organization is responsible for credit underwriting, ongoing monitoring and portfolio management of Global Markets (GM) financing and traded products transactions.

  • GMC is a global organization which partners directly with Global Markets FLU teams in relation to client selection, structuring and underwriting activities to drive revenue growth while maintaining appropriate risk disciplines.

  • GMC will also coordinate engagement in key control partners including Global Risk, Finance, Credit Review and Audit to accordance with our Risk Framework and internal and external standards.

  • GMC Asset and Hedge Fund Managers team undertakes effective management of credit and trading risk exposures within established limit, tenor and documentation parameters, together with providing risk assessment, transaction structuring, deal execution and credit risk profile monitoring.

  • GMC Asset and Hedge Fund Managers team partners with teams globally, including Sales & Trading and Global Treasury Management to drive revenue growth. The team also engages closely with, but independently of, Risk partners, Legal, Operations, Compliance and other areas of the Bank.

Job description and requirements:

  • Support and assist Credit Officers on a daily basis in the management of their portfolios, including the review of global credit facilities.

  • Manage the onboarding of new fund manager relationships and new funds to assist in the credit approval process.

  • Creation of credit approval documents for new, amended trading, loan and GTS facilities, and the processing of these through the bank systems of record.

  • Responsible for the monitoring of NAV ATE triggers set forth in trading agreements. Process includes obtaining and entering NAV’s on a monthly basis in our internal tracking database.

  • Use Tableau dashboard to proactively manage adherence to key metrics.

  • Review approved credit approval documents to ensure compliance with bank policy and procedures.

  • Identify and resolve data quality issues.

  • Respond to inquiries from credit officers and other business partners. Investigate and resolve incoming queries relating to the portfolio.

  • Maintain accurate document records.

  • Produce ad-hoc and prescribed reporting.

  • Identify and lead opportunities to improve operational efficiency, including partnering with technology on system connectivity and helping design and implement process and/or robotic solutions.

Required skills:

  • Educated to degree level and/or track record of relevant experience

  • Institutional banking experience and knowledge of financial traded and lending products is preferred

  • Strong technical skills including Word, Excel, PowerPoint

  • Good communication skills, both written and oral - ability to be concise and with attention to accuracy and detail; ability to influence business partners and stakeholders

  • Good interpersonal skills and team player with a proactive attitude and ability to think independently and laterally

  • Able to quickly absorb and follow credit policies and procedures; demonstrated ability to continuously learn and adapt with a proactive work ethic.

  • Strong work organizational skills with an ability to work under pressure to ensure commitment deadlines are met. Ability and willingness to work as part of a team is essential;

  • Familiarity with legal documentation (ISDA/CSA, GMRA, GMSLA, F&O ) and loan documentation is preferred.

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work.

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.

As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

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