Credit Analyst III – Hedge Funds, Global Markets Credit

Bank of America

. Responsible for all aspects of the underwriting and credit management of Hedge Funds (HF) for the Global Markets business .

Posted 4/23/2026full-timeChicago • Illinois, New York • 🇺🇸 United StatesJuniorMid-Level💰 $60,800 - $110,000 per yearWebsite

About the role

Key responsibilities & impact

Responsible for all aspects of the underwriting and credit management of Hedge Funds (HF) for the Global Markets business
Participate in initial and ongoing due diligence of HFs
Perform quantitative and qualitative credit assessment, setting internal ratings and recommending credit limits
Determine initial margin (IM) and evaluate transactional risks associated with OTC and exchange traded derivatives, securities financing and structured trades
Hold delegated approval authority to approve trading floor request (OTC derivatives) or to make recommendations to higher authority levels
Build strong working relationship with external HF clients, internal business partners including Sales, Structuring & Trading, Risk counterparts, Legal and Audit Function
Undertake regular exposure analysis including internal stress testing and IM back testing
Liaise with Legal and client in negotiating ISDA, CSA, GMRA etc.
Preparation of portfolio reports and reviews, including analysis of OTC and F&O exposures, any counterparties of concern and other pertinent risk issues.

Requirements

What you’ll need

2+ years of experience in counterparty credit risk, market risk, or credit underwriting related activities within a financial institution or regulated fund environment
Proficient with Microsoft Office
General knowledge of Hedge Funds, their strategies and financial derivatives
Must be comfortable working on transactions in a fast-paced capital markets/trading environment.

Benefits

Comp & perks

Discretionary incentive eligible
Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors
Flexible work arrangements
Industry-leading benefits
Access to paid time off

ATS Keywords

✓ Tailor your resume

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools

credit managementquantitative assessmentqualitative assessmentinitial margintransactional risk evaluationexposure analysisstress testingportfolio reportingfinancial derivativescounterparty credit risk

Soft Skills

relationship buildingcommunicationnegotiationcollaborationanalytical thinkingproblem-solvingattention to detailadaptabilitytime managementdecision making