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2023-04-13

Global Markets Credit Business Analyst

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Bank of America
Global Markets Credit Business Analyst
New York, US
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Job Description

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, with over 120 staff globally, 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 also coordinates engagement with key control partners including Global Risk, Credit Review and Audit to accordance with our Risk Framework

Responsibilities:

  • Business Analyst have responsibilities for the oversight across all margins related projects supporting GMC hedge fund and asset manager portfolios, partnering with Global Risk, quantitative modelling, and technology teams

  • Responsible for key Counterparty Credit Risk (CCR) enhancements including the development of margin benchmarking capabilities, daily workflow, and reporting processes, as part of time sensitive regulatory requirements

  • Responsible for driving enhancement of trade level IA calculators, supporting modelling teams with model review and validation

  • Responsible for developing business requirements, management of UAT and other testing processes and go live planning activities

  • Support the definition of the strategic direction of the GMC Operating Model for the margining processes. Design reporting to capture key metrics to promote a strong process and control mindset across the operating environment

  • Facilitate global cooperation as an intermediary between regional GMC skeholders across differing time zones

  • Champion communication routines at all levels through the project life cycle

Shift:

1st shift (United States of America)

**Hours Per Week: **

40

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