Vice President - Credit Risk Officer, Global Markets Credit

Job Description:

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!

Job Description:
Responsible for analysis to aid in either the underwriting of hedge fund credit risk, issuer risk, credit mitigates in structured transactions or counterparty risk. Additional responsibilities include proactive evaluation of Problem Assets, some limit approval authority and reporting of capital markets credit risk. The Counterparty Credit Risk Specialist will primarily interface with the traders/marketers and other risk and support groups (i.e. Compliance, Finance, Operations, etc.). Incumbents typically have over five years of experience in credit risk management. Product knowledge and credit skills are necessary.

 The role sits within the Global Markets Credit ("GMC") group within the Enterprise Credit organization.

• Global Markets Credit ("GMC") is responsible for ensuring robust and consistent credit underwriting for Global Markets lending activities, which includes financing facilities secured by a range of financial and physical assets. Within GMC, the Vice President will assist with the credit underwriting and ongoing portfolio management functions for the US asset backed securitization finance ("ABSF") portfolio.  The ABSF portfolio is comprised of warehouse and term loan positions with associated derivative trading lines secured by a variety of consumer and commercial assets including auto loans and leases, aircraft, railcar, and shipping container leases, student loans, credit card receivables, equipment loans and leases, and whole business securitizations.

• The Vice President will work closely with both senior and junior team members within the GMC Specialty Finance team as well as other constituents within GMC.  The role will coordinate closely with the ABS Banking team, the Rates trading team, and various Risk partners to help drive responsible loan growth.  We also partner with other parts of Enterprise Credit to leverage industry-specific expertise.

• Key responsibilities will include participation in the deal screening, term negotiation, diligence, and credit committee process.  The Vice President will review and potentially challenge all elements of transactions including structure, collateral, and cashflow stress analysis.  Post-close, the role will have responsibility for ongoing deal and portfolio monitoring and will exercise credit approval authority for amendment/waiver/renewal/extension acitivity.  The Vice President will assist in the preparation and review of credit approval memos.  The role will also assist with periodic reporting requirements, policy and procedure updates, risk rating scorecard maintenance, regulatory inquiries, limit requests, and other ad hoc projects.

Required Skills:

• Bachelor's degree in Finance, Accounting, or Economics majors preferred .
• 6-10+ years of experience in financial services.  Relevant prior experience may include roles in: credit risk management, credit underwriting, structuring, loan origination, or public rating agencies 
• Familiarity with securitization structures and an understanding of macroeconomic drivers
• The candidate will likely have had experience of reviewing  lending or debt transactions including securitization or collateral based lending facilities and derivatives.
• Candidate should exhibit strong analytical skills, personal drive, individual initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility
• Strong organizational, oral, and written communication skills, with ability to communicate effectively with all levels of risk, support, and business partners
• Candidate should be a strong team player, willing to support more junior members of the team as required. 
• Proficiency with Word, Excel and PowerPoint, along with ability to quickly learn new programs and applications
• High level of attention to detail

Desired Skills:

• Analytical Thinking
• Credit and Risk Assessment
• Critical Thinking
• Portfolio Analysis
• Collaboration
• Oral Communications
• Presentation Skills
• Technical Documentation
• Written Communications
• Active Listening
• Data and Trend Analysis
• Issue Management
• Monitoring, Surveillance, and Testing
• Regulatory Compliance

Shift:

Hours Per Week: