Vice President - Credit Risk Officer, Global Markets Credit
Company: Disability Solutions
Location: New York
Posted on: April 28, 2024
|
|
Job Description:
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:
Keywords: Disability Solutions, Levittown , Vice President - Credit Risk Officer, Global Markets Credit, Executive , New York, New York
Click
here to apply!
|