VP - Credit Officer - Global Markets Credit

Job Description:

Company Overview

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

Location Overview

London

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

Paris

Based in the 8th arrondissement and within the Parisian Golden Triangle, our beautiful Art-Deco era office benefits from luxury modern workspaces, an abundance of natural light and is easily accessible by public transport.

The Team

Global Markets Credit (“GMC”) is responsible for ensuring robust and consistent credit underwriting for Global Markets lending activities, which includes financing facilities secured by a range of financial and physical assets. Within GMC, the team member will assist with the credit underwriting and ongoing portfolio management functions for the EMEA asset backed securitization finance (“ABSF”) portfolio. The ABSF portfolio is comprised of warehouse and term loan positions with associated derivative trading lines secured by a variety of consumer and commercial assets including auto loans and leases, credit card receivables, equipment loans and leases, residential mortgages.

The team member will work closely with both senior and junior team members within the GMC Specialty Finance team as well as other constituents within GMC. You will coordinate closely with the ABS Banking team, the Rates trading team, and various Risk partners to help drive responsible loan growth. We also partner with other parts of Enterprise Credit to leverage industry-specific expertise.

Responsibilities

• Key responsibilities will include participation in transaction screening, term negotiation, due diligence of seller/servicers including reviewing their underwriting and servicing capabilities, and credit approval process.
• The team member will review and potentially question all elements of transactions including structure, collateral, and cashflow stress analysis.
• Post-close, you will have responsibility for ongoing deal and portfolio monitoring and will exercise credit approval authority for amendment/waiver/renewal/extension activity.
• The team member will assist in the preparation and review of credit approval memos.
• The role will also assist with periodic reporting requirements, policy and procedure updates, risk rating scorecard maintenance, regulatory inquiries, limit requests, and other ad hoc projects.

What we are looking for

• Bachelor’s degree required; Finance, Accounting, or Economics majors preferred with excellent academic credentials.
• Prior experience in financial services. Relevant prior experience may include roles in: credit risk management, credit underwriting, structuring, loan origination, or public rating agencies
• Familiarity with securitization structures and an understanding of macroeconomic drivers
• You will likely have had experience of reviewing lending or debt transactions including securitization or collateral based lending facilities and derivatives.
• Excellent analytical skills, personal drive, initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility
• Highly organized with excellent oral, and written communication skills, with ability to communicate effectively with all levels of risk, support