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Portfolio Manager – EMEA

London, , United Kingdom;

Job Description:

Job Title: Credit Review Senior Portfolio Manager

Corporate Title:  up to Senior Vice President

Location:  London / Dublin

Company Overview:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

The Team:

This role sits within Credit Review’s team having 3rd line coverage responsibility for Global Corporate & Investment Banking (GCIB) and leveraged lending. This team has a global presence, located alongside 1st and 2nd line teams. Inclusive of this role, 15 experienced credit professionals are dedicated to executing coverage of the portfolios comprising GCIB and leveraged lending. Upon joining the team, the EMEA Portfolio Manager will have another Portfolio Manager assigned as a peer coach, who will provide mentorship and coaching through and beyond our onboarding process.

Role Description:

In this role you will establish and execute a risk-based coverage plan of the EMEA portfolio. You will serve as subject matter expert in Credit Review for the portfolio, responsible for performing transactional testing of credit process execution of new and existing clients, secondary reviews of transactional testing completed by others and other portfolio monitoring activities. You will provide periodic updates to business heads and executive management, including communication of continuous testing and examination results, new issues and emerging risks.

Credit Review Overview:

Through continuous testing and periodic examinations, Credit Review provides an independent assessment of credit lending decisions and the effectiveness of credit processes and policies across the bank’s credit platform, identifies existing and emerging risks, and reports its findings to various stakeholders, including executive management, the Board of Directors or committee thereof, external auditors and regulatory agencies.

Responsibilities:

  • Subject matter expert for the EMEA portfolio of loans

  • Establishes and executes annual risk-based coverage plan of the EMEA portfolio, including transactional testing and examinations

  • Performs transactional testing of credit process execution of new and existing clients, secondary reviews of transactional testing completed by others and other portfolio monitoring activities

  • Responsible for the ongoing identification of key and emerging risks

  • Documents findings through quarterly reporting, including assessing and rating credit control effectiveness, direction of controls, and credit riskiness for the EMEA portfolio

  • Maintains communication with 1st and 2nd line business partners, including communication of continuous testing and examination results, gaps/remediation needs, and attends meetings and routines as outlined in coverage plan

  • Participates in examination activities as a subject matter expert and/or periodically serves as an examiner-in-charge and/or examiner

  • Actively participate in regulator meetings, liaise with regulators to provide periodic updates on monitoring/examination results, and respond to inquiries from regulators and other external reviewers

  • Provide input to top of house Credit Review reporting for Board and senior management

  • Actively engages with Corporate Audit to ensure ongoing awareness of review activity and ongoing risk assessment, and discuss emerging trends

  • Monitors front line unit issue remediation progress and coordinates issue validation activities, as needed

  • Drive a culture of continuous improvement by leading or participating in complex or multiple projects

  • Maintain well-written, easy to follow work papers in accordance with Credit Review guidelines and best practices

What we are looking for:

  • Extensive commercial credit related experience, including deep understanding of large or complex credit takers and/or portfolios, and the EMEA region

  • Experience in risk management, lending and/or regulatory agencies

  • Excellent credit analysis and project management skills, excellent verbal and written communication

  • Data manipulation and analysis skills

  • Effective process assessment skills - the ability to identify control gaps and their implications to the broader portfolio

  • Ability to support conclusions through fact-based analysis and ability to influence senior leaders

  • Ability to manage multiple complex tasks while delivering high quality results

  • Resourcefulness in identifying, assessing and reporting on emerging risks

  • Experience with a Credit Review examination and/or ongoing monitoring process

  • Ability to work in a team environment, focus on high quality execution

  • Experience with leading without authority

Skills that will help:

  • Experience navigating a matrix organization

  • Ability to coach and develop more junior colleagues

Bank of America:

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 sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or 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.

Learn more about this role

Full time

JR-23022538

Manages People:

Street Address

Primary Location:
2 KING EDWARD ST, London, EC1A 1HQ
Additional Locations: