Associate, Portfolio Monitoring Senior Analyst, 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
BUSINESS UNIT OVERVIEW : The Portfolio Monitoring Analysts (PMAs) are a group of associates primarily responsible for supporting credit administrative and monitoring data integrity for the Corporate Credit Risk ("CCR") and Financial Institutions Credit Risk ("FICR") units. They act as an escalation point for administrative issues and are the primary contact for CCR and FICR Officers when they are not in the office.
The current PMA teams report into Credit Risk Monitoring in the US, which provides comprehensive lending support to Corporate and FI clients in the United States, Canada, EMEA and Asia.
Responsibilities
- Support and assist the CCR/FICR Officers on a daily basis in the management of their portfolios, including incoming R-Credits and the review of global facilities to ensure portfolio management is meeting needs of its business partners.
- Creation of credit approval memoranda in order to document new and amended GTS, loan commitment and trading lines and the processing of these through the bank systems to ensure all relevant parties are appraised.
- Review approved credit approval memoranda to ensure it complies with bank policy, procedures and approval authority.
- Identify and resolve facility data discrepancies.
- Act as an intermediary, liaising between a number of different departments globally and the CCR/FICR Officers.
- Investigate and resolve any incoming queries relating to the portfolio.
- Create, maintain and monitor forthcoming events by using CSX/Compliance Tracking System such as facilities annual renewals, covenant financial requirements and all diarized items.
- Maintain accurate Electronic Credit Filing records.
- Ad hoc portfolio projects.
Requirements
- University graduate in Finance, Business Administration or related disciplines.
- 3 or more years of experience in handling Corporate Investment Banking credit administration. Have small team supervisory experience is an advantage.
- Knowledge on bank and credit products, credit policies and procedures as well as local regulatory requirements.
- Fluency in both written and spoken English. Strong and excellent written and communication skills.
- Team player, results-oriented, shows ability to adapt and is able to work under pressure.
- Strong ability to analyze issues, priorities, implement processes and solve problem effectively.
- Proficient in PC knowledge and familiar with MS Word, Excel and PowerPoint. An understanding of GBS, CRMS, ECRIS, and Credit Studio is an advantage.