Asset Backed Securities (ABS) Lending Reporting VP - New York
Company: Disability Solutions
Location: New York
Posted on: April 28, 2024
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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!GMC OverviewGlobal Markets Credit (GMC) is
responsible for ensuring a comprehensive and consistent credit
underwriting and monitoring process for Global Markets lending and
trading activities. GMC partners directly with the Global Markets
front line unit for client selection, underwriting, and monitoring
activities to drive revenue growth while maintaining appropriate
risk disciplines. GMC also coordinates engagement with key control
partners, including Global Risk, Finance, Credit Review, and Audit,
in accordance with our Risk Framework.The GMC Portfolio Management
Team is responsible for reporting, data analysis, and portfolio
management of the GMC lending and trading portfolios. The Lending
Reporting Analyst will be responsible for the creation, maintenance
and improvements of reports and the analysis and presentation of
data under the aggregate GMC scope.Job Description:Proactively
monitor and remediate incoming data used in risk measurement and
reporting. Ensure the completeness, validity, and accuracy of data
on a daily basis. Work with business data users to define the use
of data within risk systems. Work closely with technology to ensure
the timely and accurate operation of risk models and reporting
systems. Implement effective risk controls of our data processes
and systems. Participate in user acceptance testing of data control
processes. Work with other groups as needed, including Middle
Office, Sales and Trading, Technology, Compliance, Operational
Risk, and Enterprise Capital Management to ensure effective
controls over data for GMRM.As an ABS Portfolio Manager, you will
deliver Asset-Backed Securities (ABS) lending credit risk
reporting, portfolio reviews, presentations, and written updates on
a timely basis. The ABS Portfolio Manager will primarily be
responsible for coverage of the US region and contribute to a
robust monitoring environment, while working closely with the ABS
business, GMC Credit Officers and other Portfolio Managers, and
risk partners. You will develop an understanding of Global Markets
Credit (GMC) as you analyse and monitor our ABS portfolio. The
experience level of individuals in this role typically ranges from
six to nine years and requires at least five years of product
experience with ABS or other securitized products. Associated role
title includes Portfolio Manager.Responsibilities:
Keywords: Disability Solutions, Levittown , Asset Backed Securities (ABS) Lending Reporting VP - New York, Executive , New York, New York
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