VP, Financial Institutions Credit Analyst
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. Bank of America Merrill Lynch is the marketing name for the company’s global banking and global markets businesses.
The Asset Manager Pensions (AMP) team of Financial Institutions Credit Risk (FICR) is responsible for managing risk to clients of Global Banking and Markets. This includes client risks and all product group assessments, from derivatives to loans and cash management. Financial Institutions Credit Risk employs over 140 Associates Worldwide, located in 12 countries covering approximately 1900 clients.
AMP FICR partners with teams across Risk including and across GCIB including Corporate and Investment Banking, Sales Trading, and Global Treasury Management to drive revenue growth while maintaining appropriate risk disciplines specific to GCIB’s credit portfolio in order to effectively manage and monitor the credit, market and operational inherent risks.
Responsibilities
As a credit officer, you will manage all credit aspects for the AMP portfolio. Specifically this would include:
- Develop and maintain a deep understanding of the Global Banking Markets product spectrum
- Develop and maintain a deep understanding of the portfolio at the client, industry, and macro level in order to assess risk and craft value added solutions that balance risk
- Independently assess the credit worthiness, including due diligence of trading counterparties and establish appropriate terms and conditions to mitigate risk;
- Structure transactions and negotiate credit documentation including; credit agreements, amendments, ISDAs, and CSAs;
- Ensuring granularity of the portfolio with specific reference to targets for net country/credit capital, legally binding commitments, total exposure and asset quality.
- Establish appropriate internal risk ratings for clients and implement accurate adjustments throughout the client’s credit life cycle;
- Develop, maintain, and manage internal relationships with business partners including Sales Trading, Risk Management, Legal and Operations;
- Participate in strategic projects to support business goals.
- Providing leadership and management within the team, comprising AVPs and Analysts.
- Ensuring adherence to prevailing credit policy.
- Acting as an agent of change/improvement, influencing corporate policy/procedure and projecting a positive strategic vision.
- Ensuring that the portfolio and credit management process are at all times rated "satisfactory" by internal auditors and external Regulators.
Requirements
- Strong credit skills and risk judgement and ability to defend rigorously a fact based point of view.
- Knowledge of asset manager and pension fund schemes in Europe and CEEMEA, structuring and documentation.
- Accomplished negotiator with strong foundation in relative value assessment and risk mitigation techniques. (ISDA/CSA).
- Understanding of credit risk sensitivities in the portfolio and risk drivers of the exposures.
- Sound product/technical and process knowledge across lending and derivative (FX, rates, commodities and equities) products.
- Effective interpersonal and communication skills with ability to resolve issues in a professional and timely manner.
Desirable:
- Additional European language skills are an advantage but not essential.
- Extensive credit risk experience at a major international financial institution.
- Experience of managing hedge fund risk is preferred.
- Experience of managing teams preferred
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