Counterparty Credit Risk Specialist (Hedge Funds)

  • Negotiable
  • London, England, United Kingdom
  • Permanent, Full time
  • Bank of America Merrill Lynch
  • 04 Oct 17 2017-10-04

Here at our London Office we are looking for a Counterparty Credit Risk Specialist to join our Global Markets Risk Management team. The Hedge fund credit role is responsible for managing the counterparty risk on a portfolio of EMEA based hedge funds. The Position offers a high level of interaction with various sale and trading teams as well as interfacing directly with clients.

As a Counterparty Credit Risk Specialist your main responsibilities will involve:

  • Performing due diligence of fund clients
  • Preparing written analysis substantiating recourse value of counterparty
  • Proposing risk based limits based on assigned internal counterparty rating
  • Reviewing potential exposures using VaR, scenario, and other risk based metrics
  • Negotiating of standard industry documentation / conducting ad hoc portfolio reviews

As a Counterparty Credit Risk Specialist your skills/competencies would include:

  • Must have solid experience in markets and hedge fund products (derivatives, prime brokerage, etc).
  • Excellent written and verbal skills
  • Quantitative understanding
  • Excel based skills required

About Bank of America Merrill Lynch
Bank of America is one of the world's leading financial institutions, serving individual consumers, small- and middle-market businesses, large corporations and governments with a full range of financial and risk management products and services. Bank of America Merrill Lynch is the marketing name for the global banking and markets businesses.

The company has had a presence in EMEA since 1922. With offices in 23 countries on three continents, it offers an integrated and comprehensive set of products and services across Global Corporate and Investment Banking, Global Markets and Consumer Card, serving the needs of individual, corporate, institutional and government clients, combining the best of local knowledge and global expertise. Developing solutions for social and environmental challenges is at the core of Bank of America Merrill Lynch's responsibility platform. In more than 90 countries around the world, we partner with employees, clients and stakeholders to help make financial lives better.


If you're interested in this opportunity please send your details to us by applying online.

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, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, 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.