Credit Review Senior Examiner

Job Description:

Job Title: Credit Review Senior Examiner
Corporate Title:  Senior Vice President
Location:  London

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!

Location Overview:

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

Role Description:

As Credit Review Senior Examiner, you will use your Subject Matter Expertise in transactional credit to offer an independent assessment of credit decisions and the effectiveness of credit processes across the bank’s credit platform. You will identify existing and emerging risks, and reports your findings to various stakeholders, including executive management, the Board of Directors or committee thereof, external auditors and regulatory agencies.

Responsibilities:

• As a Subject Matter Expert in Counterparty/Transactional Credit, you will be tasked with the review of the more complex transactions.
• You’ll provide expertise, advice and counsel based on advanced business and/or credit review experience to a complex business and/or across several business groups.
• You will provide leadership for projects and team activities. Functional responsibilities include establishing Monitoring Plans for assigned credit portfolio, assessing associated Level and Direction of Risk ratings and acting as Examiner-in-Charge/EIC
• You will proactively implement credit review strategy for the sound application of risk-based practices by defining scope, program, and review and exam procedures. You will exercise judgment and influence senior business managers and peers.
• You will drive completion of credit issues.
• This specific role will support ongoing testing and assessments of Structured Financing Transactions and Counterparty Credit Risk within Global Markets portfolios such as Asset backed Securitization, Hedge Funds, Asset Managers, Equities, Central Counterparties
• You will participate in credit review examinations and continuous testing activities across various commercial credit portfolios within Enterprise Credit
• You will work with examination teams to assess the quality of credit decisioning, portfolio management, risk recognition practices and the effectiveness of credit management processes.
• You will also assist in the continuous testing of various portfolios by performing transaction reviews of new and existing clients to evaluate appropriateness of client selection, adherence to underwriting expectations, quality of ongoing monitoring and risk rating accuracy to proactively identify emerging risks and their impact on portfolio credit quality.
• You will assist business partners to balance their business strategy with appropriate risk management controls.
• You will contribute to the development, implementation and communication of Credit Review's missions, goals and strategies.
• You’ll interact with regulatory agencies, external consultants, and other internal risk management groups.
• You’ll assess and advise on the impact of industry-level, geo-political and economic trends to credit portfolios.

What we are looking for:

• Seasoned commercial credit experience (direct lending, workout, risk management and/or regulatory)
• Ability to support conclusions through fact-based analysis and ability to influence senior leaders.
• Excellent credit analysis, project management and leadership skills
• Strong organizational and communication skills, both written and verbal
• Ability to manage multiple complex tasks while delivering high quality results.
• Expert Financial Analysis Skills
• Experience in Internal Audit Review
• Deep knowledge of Loan Structuring and underwriting
• Experienced in Credit and Risk Assessment
• Issue Management and Resolution
• A strong knowledge of Regulatory Compliance
• Excellent skills in building and maintaining business relationships.

Skills that will help:

• Excellent direct commercial credit experience
• Demonstrable experience in identifying, assessing and reporting on existing and emerging risks
• Experience with direct applicability to Credit Review responsibility
• Ability to coach/mentor new or less experienced associates
• Strong Counterparty Credit Risk background and/or Global Markets experience

Benefits of working at Bank of America:

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
   Access to an Employee Assistance Program for confidential support and help for everyday matters
  Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

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 dependents 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.