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Credit Risk Officer

Paris, , France

Job Description:

Job Title:   Credit Risk Officer

Corporate Title:  Assistant Vice President

Location:   Paris

Role Description:

An opportunity has arisen for a highly motivated Analyst/Assistant Vice President (‘AVP’) to join the Enterprise Credit Risk team (ECR, 2nd line of defence Risk team) in Paris. 

The role involves handling a portfolio of European Banks and Non-Banking Financial Institutions, including Asset Managers and Insurance Companies. The Analyst/AVP will partner with senior ECR colleagues to manage the portfolio and work with Enterprise Credit (‘EC’, 1st line of Defence Credit team) in supporting this important client segment. 
The role involves building and maintaining legal entity and portfolio-level reporting routines as well as contributing to regulatory deliverables.

•    Reviewing credit proposals, new transactions, sanctioning exposure/limits for portfolio clients within appropriate risk parameters under delegated authority; risk types covered include lending, structured funding trades, RCFs, FX, derivatives, repo, GTS facilities.
•    Providing feedback to GCIB Credit/GMC on new client/transaction screenings in order to influence outcomes in line with credit risk appetite, including appropriate transactions structures.
•    Identify and monitor top down emerging risk trends within the portfolio and devise action plans for mitigation where appropriate.
•    Build and maintain legal entity and portfolio-level reporting routines which cover key movements in portfolio sensitivities, exposure changes and credit rating migrations.
•    Involvement in regulatory deliverables and other ad-hoc legal entity tasks which require credit risk input. 

Key skills:

Knowledge / Experience:
•    Experience of Financial Institutions sector client base; Ideally you will have had previous Financial Institutions credit risk underwriting experience, with some level of independent approval authority covering the European Banks/ NBFI sector.
•    Broad perspective of themes and regulatory developments impacting the sector.
•    Familiarity with product suite, including derivative products, and legal documentation (ISDA/CSA, GMRA, GMSLA).
.
Competencies:
•    Bachelor’s degree in finance, accounting or other business related fields; CFA/FRM or other professional qualifications are a plus.
•    Strong communication skills.
•    Ability to work in a demanding, fast-paced environment in a variety of different situations; grasp of complex structures.
•    Highly motivated individual with a passion for continued individual learning.
•    Language: Fluency in English is essential.
•    Competent in using Microsoft Word, Excel and PowerPoint software for presentations.

Bank of America:

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. Learn more about our benefits here.

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

Job Band:

H6

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title:   Credit Risk Officer

Corporate Title:  Assistant Vice President

Location:   Paris

Role Description:

An opportunity has arisen for a highly motivated Analyst/Assistant Vice President (‘AVP’) to join the Enterprise Credit Risk team (ECR, 2nd line of defence Risk team) in Paris. 

The role involves handling a portfolio of European Banks and Non-Banking Financial Institutions, including Asset Managers and Insurance Companies. The Analyst/AVP will partner with senior ECR colleagues to manage the portfolio and work with Enterprise Credit (‘EC’, 1st line of Defence Credit team) in supporting this important client segment. 
The role involves building and maintaining legal entity and portfolio-level reporting routines as well as contributing to regulatory deliverables.

•    Reviewing credit proposals, new transactions, sanctioning exposure/limits for portfolio clients within appropriate risk parameters under delegated authority; risk types covered include lending, structured funding trades, RCFs, FX, derivatives, repo, GTS facilities.
•    Providing feedback to GCIB Credit/GMC on new client/transaction screenings in order to influence outcomes in line with credit risk appetite, including appropriate transactions structures.
•    Identify and monitor top down emerging risk trends within the portfolio and devise action plans for mitigation where appropriate.
•    Build and maintain legal entity and portfolio-level reporting routines which cover key movements in portfolio sensitivities, exposure changes and credit rating migrations.
•    Involvement in regulatory deliverables and other ad-hoc legal entity tasks which require credit risk input. 

Key skills:

Knowledge / Experience:
•    Experience of Financial Institutions sector client base; Ideally you will have had previous Financial Institutions credit risk underwriting experience, with some level of independent approval authority covering the European Banks/ NBFI sector.
•    Broad perspective of themes and regulatory developments impacting the sector.
•    Familiarity with product suite, including derivative products, and legal documentation (ISDA/CSA, GMRA, GMSLA).
.
Competencies:
•    Bachelor’s degree in finance, accounting or other business related fields; CFA/FRM or other professional qualifications are a plus.
•    Strong communication skills.
•    Ability to work in a demanding, fast-paced environment in a variety of different situations; grasp of complex structures.
•    Highly motivated individual with a passion for continued individual learning.
•    Language: Fluency in English is essential.
•    Competent in using Microsoft Word, Excel and PowerPoint software for presentations.

Bank of America:

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. Learn more about our benefits here.

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

Learn more about this role

Full time

JR-22048701

Band: H6

Manages People:

Manager:

Talent Acquisition Contact:

Gail Danvers

Referral Bonus:

0

Street Address

Primary Location:
49-51 Rue La Boetie, Paris, 75008