Credit Regulatory Vice President

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:

Enterprise Credit (EC) is responsible for underwriting credit products for clients in Bank of America’s Global Corporate and Investment Bank (GCIB).  EC partners with teams across GBAM including Corporate and Investment Banking, Sales & Trading and Global Treasury Management to drive revenue growth while maintaining appropriate risk disciplines specific to GCIB’s corporate credit portfolio.  Integral to EC’s mission is to effectively manage and monitor the credit and market risks inherent in Large Corporate and the Financial Institutions portfolio. Additionally, oversight of local Mexico regulatory responsibilities related to credit portfolio.

This is an opportunity to join the Mexico GCIB Credit team, in a role focused on the oversight and coordination of BAMSA’s Credit regulatory activities. This position has the potential to expand into regional projects across LATAM.

Responsibilities:

• As Mexico Credit Regulatory Lead, you will be accountable for the oversight and coordination of BAMSA’s Credit regulatory activities

• Oversee production, verification and accuracy of submission for Credit regulatory reports

• Perform required attestations of key regulatory routines to sr. regional management

• Monitoring and track of regulatory requirements and changes, including impact assessments, and ensure compliance through implementation of controls

• Identify process and/or control gaps and implementation of remediation plans

• Coordinate with GBAM Lines of Business and the various support groups on cross-functional regulatory tasks / projects

• Provide support to local GCIB Mexico Credit Head and LATAM Credit Head, including, but not limited to, strategic planning, issues tracking and leadership of credit regulatory committees

• Engage in other credit related activities including strategic projects to support business goals and presentations to senior management

• Participation in ad-hoc projects across multiple functions in Latin America

Required Competencies and Skills:

• Professional with at least 5 years’ experience of regulatory activities and interaction with both internal and external auditors

• Strong English speaker

• Proven experience leading local teams to deliver within deadlines

• Ability to identify, escalate and discuss issues

• Experience in developing and implementing new policies and controls

• Analytical thinking and detail oriented

• Knowledge in credit fundamentals

• Effective interpersonal and collaboration skills with ability to make decisions and resolve issues in a professional and timely manner

• Leadership and communication skills, capable of  talking to different org levels and in different forums

What Bank of America Offers

Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.

Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.

Bank of America is an Equal Opportunity Employer.

Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.

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