Credit Risk Officer

Job Description:

Job Title:  Credit Risk Officer

Corporate Title:  Up to Vice President

Location:  Paris

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:

Based in the 8th arrondissement and within the Parisian Golden Triangle, our beautiful Art-Deco era office benefits from luxury modern workspaces, an abundance of natural light and is easily accessible by public transport.

The Team:

The Enterprise Credit and Global Banking Risk team based in Paris is part of the EMEA Enterprise Credit Risk function with operations in London, Dublin and Paris. A second line risk function providing support and oversight to the 1st line of defence.

Role Description:

This position has primary responsibility for credit approval and therefore is accountable for overall portfolio performance and asset quality. Your role involves handling a portfolio of European Banks and Non-Banking Financial Institutions, as well as Corporates. You will partner with senior ECGBR colleagues to support the portfolio and work with Enterprise Credit (‘EC’, 1st line of defence credit team) in supporting our European client base. Your role will involve building and maintaining legal entity and portfolio-level reporting routines as well as contributing to regulatory deliverables.

Responsibilities:

• 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 (Enterprise Credit) on new client/transaction screenings in order to influence outcomes in line with credit risk limits, 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 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.

What we are looking for:

• Language: Fluency in English is essential. 

• Coverage responsibilities of a portfolio of European FIs/NBFIs as well as Corporates.

• Experience with operating under delegated approval authority.

• Solid familiarity with product suite, including loan and derivative products, and legal documentation (facility agreement, ISDA/CSA, GMRA, GMSLA).

• Experience of discussing multi faceted structures with corporate and investment banking, sales and trading.

Skills that will help:

• Excellent communication skills.

• Ability to work in a demanding, fast-paced environment in a variety of different situations; grasp of highly detailed structures.

• Highly motivated individual with a passion for continued learning. 

• Proficient in using Microsoft Word, Excel and PowerPoint software for presentations.

Benefits of working at Bank of America:

France

• Competitive retirement plan in addition to State plans

• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers

• Life and disability insurance

• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later

• Reimbursement of 50% of your commuter pass

• Nursery scheme for children under age 3

• Works council benefits

• Access to an Employee Assistance Programme for confidential support and help for everyday matters

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities

• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

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.