Assistant Vice President, FI Credit Risk, Global Risk recruitment

Overview

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services.

The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,700 ATMs and award-winning online banking with nearly 29 million active users. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world.

Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

Job Description

  1. Experience in managing Financial Institutions (FI) portfolio for Singapore covering all bank / non bank / sovereign, counterparties. Familiarity with SE Asia countries and FI counterparties will be an added advantage.

  2. Engage and collaborate with business units viz. FI corporate banking, Global markets, Global Treasury Services etc in Singapore office to screen and underwrite new / existing client exposures, consistent with bank's risk policies.

  3. Proactively manage / monitor FI portfolio to ensure portfolio stability and corrective credit actions taken, in consultation with senior FI credit risk officers and consistent with bank's risk priorities.

  4. Communicate / escalate key issues on Singapore FI portfolio, Advise / recommend credit actions to bank's senior risk officers on an ongoing basis. Periodic portfolio reviews with senior risk managers. Coordination with local / regional support groups (ops, treasury, finance middle / back offices, credit admin etc) to ensure exposures are booked / reported appropriately.

Requirements