Vice President, Large Corp PDO II CR, 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
Responsible for delivery of integrated credit solutions to middle market clients. Partner closely with client-facing teammates in both the Global Investment Bank and Global Commercial Bank to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client.
Responsibilities
The DPO has responsibility for client selection, due diligence, credit underwriting, documentation negotiation, and ongoing risk monitoring. In addition, DPO associate will also need to develop a strong understanding of related risks (reputation, market, legal, regulatory, operational) inherent in our client relationships. All of this is done to balance our risk/reward opportunities and to help ensure optimal use of the bank's capital and overall stability of our earnings.
- Analyze, recommend and manage Credit Risks on Clients working closely with business partners to support new business and grow the portfolio.
- Financial analysis, structuring underwriting and portfolio management of various client accounts.
- Maintain regular dialogue with clients for appropriate/ timely credit underwriting decision and monitoring of credit quality of clients
- Be an active member and / or driver of deal teams and contribute to the success of these teams
- On-going, timely, portfolio monitoring in accordance with credit policies and procedures based on level of risk
- Support ad hoc special projects, management reporting and assignments
Requirements
- Strong credit underwriting skills
- Strong inter-personal and communication (oral written) skills
- Willingness and ability to express opinions and propose basic credit decisions
- Have pro-active approach, demonstrate problem solving skills, and be results oriented
- Bachelor's degree in Business Administration or related disciplines.
- Minimum 5 - 7 years of experience in Corporate Bank / Credit Analysis function, preferably in Multinational Bank / financial institution.