Vp Credit Risk Officer - Corporates Gcib jobs at Bank Of America in France

Job Description:

Job Title:Credit Officer

Vice President

Role Description

GCIB Credit is responsible for analysing and delivering credit underwriting debt financing solutions and derivative strategies for medium and large corporate clients of GCIB & Global Markets (GM). GCIB includes Corporate Banking and Investment Banking and GM includes Sales & Trading. The group provides services to middle-market and large corporations, government entities and institutional investors. Services including mergers and acquisition advice, equity and debt capital raising, corporate lending, sales and trading in fixed income, commodities, currency and equities, risk management, research, and liquidity and payments management.

Responsibilities

• Perform financial and credit analysis, risk rating analysis ensuring adherence to prevailing credit policy and procedures for an assigned portfolio.

• Independently assess credit worthiness, perform intensive qualitative and quantitative due diligence of prospective borrowers and/or trading counterparties and establish appropriate terms and conditions to mitigate risk.

• Structuring transactions, underwriting and negotiating credit documentation designed to meet both client and investor needs including credit agreements, amendments, derivative documentation.

• 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.

• Ensuring that the portfolio and credit management process are at all times rated "satisfactory" by internal auditors, the Credit Review group and external Regulators.

• Develop and maintain a deep understanding of the product spectrum and portfolio at the client, industry, and macro level to assess risk and craft value added solutions balancing risk.

• Develop, maintain, and manage internal relationships with business partners including Corporate and Investment Bankers, Sales & Trading, Risk Management, Syndications, and Legal.

• Participate in strategic projects to support business goals.

• Providing provide appropriate coaching and development to junior teammates.

What we are looking for

• BA/BSc degree (or equivalent); Finance, Accounting or Economics would be beneficial.

• Credit risk experience at a major international financial institution, analysing, assessing companies and knowledge of EMEA and specific industry sectors, structuring transactions and documentation.

• Credit skills, risk judgment and broader risk awareness and understanding of the wider business, market and regulatory environment in which the bank operates, and how that impacts client and portfolio’s credit profile and ability to defend rigorously a fact-based point of view.

• Sound product/technical, documentation and process knowledge across lending, trade finance and derivative (FX, rates, commodities and equities) products.

• Acting as an agent of change/improvement, influencing corporate policy/procedure and projecting a positive strategic vision.

• Commercial mindset to support value added discussions with effective interpersonal and written and verbal communication skills, and attention to detail and accuracy.

• Fluency with use of Microsoft Office applications, particularly Excel; including ability to prepare and/or review company specific financial models in Excel.

• Strong organisational skills with ability to prioritise and work under pressure, drive deal selection, negotiate solutions, strong transaction management process, and proactively manage credit risks.

• Understanding of credit risk sensitivities in the portfolio and risk drivers of the exposures.

• Keen interest in finance, macroeconomic and geopolitical issues.

• Fluency in English required. Additionally, other European language skills highly beneficial.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Job Description:

Job Title:Compliance and Operational Risk Manager - Global Corporate and Investment Banking

Director

Role Overview:

This role is responsible for executing second line of defence compliance and operational risk oversight for the Front Line Unit. Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy, the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented appropriately, and identifying, challenging, escalating, and mitigating risks in a timely manner.

Responsibilities:

• Provide ongoing Compliance and Operational Risk coverage for the Private Side businesses in BofA Europe with principal focus being the Global Corporate & Investment Banking (‘GCIB’) business in the entity and more broadly across EMEA. Provide additional support to other EMEA GCIB coverage areas as required.

• Provide dedicated, timely guidance on the relevant Laws, Rules and Regulations (‘LRR’) applicable to the entity and its businesses including risk and impact assessments on new product initiatives, specific transactions, ad hoc queries, routine risk assessment processes such as the RCSA etc.

• Be proficient in assessing risks, associated controls and their effectiveness, while driving compliance with applicable LRRs and regulatory guidelines, adhering to policies, and developing reporting and documentation.

• Engage in activities to provide support to the GCOR function to provide independent 2nd line oversight of Front Line Unit ownership and management of Compliance and Operational risks in alignment with the Compliance and Operational Risk Management Program and Standard Operating Procedures.

• Monitor the regulatory environment to identify regulatory changes applicable to area(s) of coverage, and execute Targeted Assessments aligned to relevant themes or trends.

• Ensure that Monitoring & Testing is conducted in line with GCOR programme requirements and on a timely basis with appropriate escalation and resolution of any issues or matters arising.

• Assist in identifying and escalating control deficiencies or issues that arise and drive actions to address the root causes that lead to compliance or operational risk issues and/or losses.

• Assist in the development of independent risk management reporting for respective area(s) of coverage as input into management routines.

• As a member of the BofA Europe – Paris Branch Local Management Team (LMT) be accountable for reporting on and escalating Paris Branch Compliance & Op Risk matters

• Build effective working relationships with colleagues including Regional LoB Compliance & Operational Risk, EU Country Compliance & Operational Risk, GFCC, the Control Room, other Lines of Business, and across regions

• Assist in responding to regulatory inquiries as well as other audits and examinations.

• Review and challenge relevant processes and risks, including those defined in Single Process Inventory (SPI).

What we are looking for:

• A versatile, confident individual with significant, relevant work experience in a similar GCIB compliance and/or operational risk role, with a detailed understanding of institutional private side business and banking products

• Confident written and verbal communication skills

• Ability to engage and communicate confidently and professionally with the business, as well as other internal and external stakeholders

• Knowledge of regulatory frameworks relevant to an EU authorised Credit Institution.

• Ability to interpret relevant laws, rules, regulations and guidelines and draft/implement related policies and procedures.

France

• Competitive retirement plan in addition to State plans

• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers

• Life and disability insurance

• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later

• Reimbursement of 50% of your commuter pass

• Nursery scheme for children under age 3

• Works council benefits

• Access to an Employee Assistance Programme for confidential support and help for everyday matters

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities

• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Job Description

Job Title:Credit Risk Officer

VP/Director

Role Description

GCIB Credit is responsible for analysing and delivering credit underwriting debt financing solutions and derivative strategies for medium and large corporate clients of GCIB & Global Markets (GM). GCIB includes Corporate Banking and Investment Banking and GM includes Sales & Trading. The group provides services to middle-market and large corporations, government entities and institutional investors. Services including mergers and acquisition advice, equity and debt capital raising, corporate lending, sales and trading in fixed income, commodities, currency and equities, risk management, research, and liquidity and payments management.

Responsibilities

• Perform financial and credit analysis, risk rating analysis ensuring adherence to prevailing credit policy and procedures for an assigned portfolio.
• Independently assess credit worthiness, perform intensive qualitative and quantitative due diligence of prospective borrowers and/or trading counterparties and establish appropriate terms and conditions to mitigate risk.
• Structuring transactions, underwriting and negotiating credit documentation designed to meet both client and investor needs including credit agreements, amendments, derivative documentation.
• 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.
• Ensuring that the portfolio and credit management process are at all times rated "satisfactory" by internal auditors, the Credit Review group and external Regulators.
• Develop and maintain a deep understanding of the product spectrum and portfolio at the client, industry, and macro level to assess risk and craft value added solutions balancing risk.
• Develop, maintain, and manage internal relationships with business partners including Corporate and Investment Bankers, Sales & Trading, Risk Management, Syndications, and Legal.
• Participate in strategic projects to support business goals.
• Providing appropriate coaching and development to junior teammates.

What we are looking for

• BA/BSc degree (or equivalent); Finance, Accounting or Economics would be beneficial.
• Credit risk experience at a major international financial institution, analysing, assessing companies and knowledge of EMEA and specific industry sectors, structuring transactions and documentation.
• Credit skills, risk judgment and broader risk awareness and understanding of the wider business, market and regulatory environment in which the bank operates, and how that impacts client and portfolio’s credit profile and ability to defend rigorously a fact-based point of view.
• Sound product/technical, documentation and process knowledge across lending, trade finance and derivative (FX, rates, commodities and equities) products.
• Acting as an agent of change/improvement, influencing corporate policy/procedure and projecting a positive strategic vision.
• Commercial mindset to support value added discussions with effective interpersonal and written and verbal communication skills, and attention to detail and accuracy.
• Fluency with use of Microsoft Office applications, particularly Excel; including ability to prepare and/or review company specific financial models in Excel.
• Strong organisational skills with ability to prioritise and work under pressure, drive deal selection, negotiate solutions, strong transaction management process, and proactively manage credit risks.
• Understanding of credit risk sensitivities in the portfolio and risk drivers of the exposures.
• Keen interest in finance, macroeconomic and geopolitical issues.
• Fluency in English required. Additionally, other European language skills highly beneficial.

France

• Competitive retirement plan in addition to State plans
• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.
• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers
• Life and disability insurance
• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later
• Reimbursement of 50% of your commuter pass
• Nursery scheme for children under age 3
• Works council benefits
• Access to an Employee Assistance Programme for confidential support and help for everyday matters
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities
• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

Ireland

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
• Access to an Employee Assistance Program for confidential support and help for everyday matters
• Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan
• Ability to donate to charities of your choice and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of Ireland’s most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Job Title:Compliance & Operational Risk Specialist – Data Risk Management

Vice President

Responsibilities:

Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively “the Policies”), the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented and identifying, challenging, escalating, and mitigating risks in a timely manner.

• Supports the development of independent risk management monitoring and testing activities to assess Data Risk in Bank of America's International businesses.

• Contributes to development of risk coverage plans and execution of independent risk monitoring, testing and risk assessments

• Assists in the development of independent risk management reporting for respective area(s) of coverage as input into governance and management routines

• Assists with the development, maintenance and oversight of policies and standards to ensure regulatory and operational risk requirements are appropriately addressed

• Assess and monitor adherence to BCBS 239 data risk principles and compliance requirements

• Evaluate existing risk data aggregation frameworks (including policy, standards, playbooks and procedures) and methodologies for compliance

• Review data architecture and governance structures against regulatory standards

• Conduct independent assessment of Data Management governance structures and controls

• Provide expert guidance to front line units/control functions on data risk compliance requirements

• Prepare comprehensive compliance reports for senior management and regulatory bodies

• Identify compliance gaps related to data risk and recommend remediation actions

• Challenge first line activities and ensure proper controls are in place

• Monitors the regulatory environment to identify regulatory changes applicable to Data-related legislation

• Assists in identifying, aggregating, reporting, escalating, inspecting and challenging remediation plans, and performing thematic analysis on issues and control enhancements

• Assists in remediating COR “owned” issues and control enhancements

• Reviews and challenges the Single Process Inventory (SPI) and FLU/CF Risk & Control Self-Assessment (RCSA)

• Assists with the development of risk metrics, monitors related performance and breach remediation

• Support audits and regulatory reviews by preparing documentation and responding to data risk and compliance related queries

What we are looking for:

• Demonstrable experience working in regulated industries (e.g. banking, financial services) with complex data environments

• Experience in a 2nd line function

• Excellent understanding of BCBS 239 principles and compliance assessment methodology

• Familiarity with industry-standard tools and technologies for data aggregation, reporting and data quality management

• Experience in evaluating risk data aggregation and reporting processes

• Strong understanding of data architecture principles, data lineage and data management best practices

• Proven analytical skills with ability to assess complex data structures and identify compliance issues

• Excellent written and verbal communication skills to articulate compliance viewpoint and findings to various stakeholders

• Logical thinker with excellent technical skills

• A flexible and solution oriented perspective, and a determination and desire to find answers to complex issues

• Ability to work collaboratively across functions and manage multiple priorities in a dynamic environment

• Intellectual curiosity – approaches each day with a curious mindset; effectively uses inquiry to uncover facts and circumstances; consistently applies critical thinking.

France

• Competitive retirement plan in addition to State plans

• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers

• Life and disability insurance

• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later

• Reimbursement of 50% of your commuter pass

• Nursery scheme for children under age 3

• Works council benefits

• Access to an Employee Assistance Programme for confidential support and help for everyday matters

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities

• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Job Description:

Job Title:Compliance and Operational Risk Specialist

Vice President

Responsibilities:

Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively “the Policies”), the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented and identifying, challenging, escalating, and mitigating risks in a timely manner.

• Supports the development of independent risk management monitoring and testing activities to assess Data Risk in Bank of America's International businesses.

• Contributes to development of risk coverage plans and execution of independent risk monitoring, testing and risk assessments

• Assists in the development of independent risk management reporting for respective area(s) of coverage as input into governance and management routines

• Assists with the development, maintenance and oversight of policies and standards to ensure regulatory and operational risk requirements are appropriately addressed

• Assess and monitor adherence to BCBS 239 data risk principles and compliance requirements

• Evaluate existing risk data aggregation frameworks (including policy, standards, playbooks and procedures) and methodologies for compliance

• Review data architecture and governance structures against regulatory standards

• Conduct independent assessment of Data Management governance structures and controls

• Provide expert guidance to front line units/control functions on data risk compliance requirements

• Prepare comprehensive compliance reports for senior management and regulatory bodies

• Identify compliance gaps related to data risk and recommend remediation actions

• Challenge first line activities and ensure proper controls are in place

• Monitors the regulatory environment to identify regulatory changes applicable to Data-related legislation

• Assists in identifying, aggregating, reporting, escalating, inspecting and challenging remediation plans, and performing thematic analysis on issues and control enhancements

• Assists in remediating COR “owned” issues and control enhancements

• Reviews and challenges the Single Process Inventory (SPI) and FLU/CF Risk & Control Self-Assessment (RCSA)

• Assists with the development of risk metrics, monitors related performance and breach remediation

• Support audits and regulatory reviews by preparing documentation and responding to data risk and compliance related queries

What we are looking for:

• Demonstrable experience working in regulated industries (e.g. banking, financial services) with complex data environments

• Experience in a 2nd line function

• Excellent understanding of BCBS 239 principles and compliance assessment methodology

• Familiarity with industry-standard tools and technologies for data aggregation, reporting and data quality management

• Experience in evaluating risk data aggregation and reporting processes

• Strong understanding of data architecture principles, data lineage and data management best practices

• Proven analytical skills with ability to assess complex data structures and identify compliance issues

• Excellent written and verbal communication skills to articulate compliance viewpoint and findings to various stakeholders

• Logical thinker with excellent technical skills

• A flexible and solution oriented perspective, and a determination and desire to find answers to complex issues

• Ability to work collaboratively across functions and manage multiple priorities in a dynamic environment

• Intellectual curiosity – approaches each day with a curious mindset; effectively uses inquiry to uncover facts and circumstances; consistently applies critical thinking.

France

• Competitive retirement plan in addition to State plans

• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers

• Life and disability insurance

• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later

• Reimbursement of 50% of your commuter pass

• Nursery scheme for children under age 3

• Works council benefits

• Access to an Employee Assistance Programme for confidential support and help for everyday matters

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities

• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Responsibilities:

• Providing risk approval and portfolio oversight of Global Funds exposures booked into the Paris Legal Entity.
  • Delivering a resolute operating environment in adherence with policies and procedures and in compliance with metrics
  • Serving as a local escalation point on risk and other issues for EMEA Funds
  • Contributing and participating in portfolio reviews, forums and risk meetings focused on the legal entity and overall Global Funds exposure and for a robust risk culture and environment
  • Supporting responses to regulatory inquiries, including through participation in meetings and presentations
  • Managing stakeholder relationships and partnering with Risk Management, Sales, Trading. Agreement & Documentation, and Operations

• Managing a portfolio of EMEA based fund clients from on-boarding through to underwriting/credit approval and ongoing risk management including;
  • Detailed written analysis of fund clients demonstrating a good understanding of investment strategies, liquidity, leverage and volatility.
  • Perform qualitative and quantitative credit assessment of clients and their trading exposure including stress and sensitivity analysis.
  • Conduct credit due diligence calls with clients and prepare written due diligence assessments for risk management review
  • Propose risk-based limits based on assigned internal counterparty rating
  • Approval of daily trade flow including the calculation and application of Initial Margin

What we are looking for:

• Extensive experience in a counterparty credit risk role underwriting hedge funds, regulated funds, and/or financial institutions and/or prime brokerage experience
• Experience building relationships with both internal and external at all levels of seniority.
• Substantial knowledge of hedge funds and regulated funds, their strategies and associated risks.
• A substantial understanding of Global Markets and derivative products risk and risk management
• Sense of ownership and communication skills across stakeholders
• Problem solver, ability to handle issues in a timely manner

France

• Competitive retirement plan in addition to State plans
• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.
• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers
• Life and disability insurance
• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later
• Reimbursement of 50% of your commuter pass
• Nursery scheme for children under age 3
• Works council benefits
• Access to an Employee Assistance Programme for confidential support and help for everyday matters
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities
• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Job Description:

Job Title:International Financial Risk Specialist

Corporate Title:Up to VP

is responsible for overseeing the management of all three EFR risk typesat the local entity levelin concert with Horizontal specialists. This role will support the team in execution of the related risk program requirements.

Role Description:

As part of the Legal Entity team, you will assist in providing effective review & challenge across the three EFR risk types and providing risk insights to local stakeholders (Chief Risk Officer, CFO group, local senior management and regulators) as well as the EFR management team.

Key components of the financial risk management program include:

• appropriate risk identification across Lines of Business activities.
• contribution to, as well as review & challenge of, key local regulatory deliverables.
• research and analysis to support production of periodic governance reporting and topical deep dives. Establishment and maintenance of risk monitoring processes including implementation and ongoing calibration of limits and metrics including Board Level Risk Appetite Limits for the entity.
• contribute to ongoing maintenance of core risk program elements such as Risk policies, Financial & Contingency Funding Plans, New Product Reviews, etc.
• assisting with internal audits and regulatory exams and managing related issues when they arise.

This role reports functionally to the International EFR Executive with a local reporting line into the Head of Legal Entity EFR for the Paris office.

Responsibilities:

• Act as a trusted partner with local risk teams, global EFR teammates and local 1st & 2nd line teams.
• Support the effective review and challenge of business and CFO activities in relation to financial risk generation and control.
• You will be responsible for entity specific metrics (metric population, limit calibration, ongoing monitoring). Escalate to senior stakeholders as appropriate.
• Contribute to local working groups and governance committees and act as a risk subject matter specialist for the 3 risk types.
• Contribute to regulatory deliverables (ICAAP, ILAAP, recovery plans, Funding and Liquidity Management Strategy) as appropriate, and provide a Risk POV to local governance bodies.
• Assist with Liquidity and IRR policies refreshes and support presentation to the Board. Also assist in enforcing the requirements in said policies.
• Contribute to various local and global activities and communications, including weekly updates, team achievements, periodic reporting and select deep-dives

What we are looking for:

• The successful candidate will need to have a strong teamwork mindset to be able to effectively support the team across a broad range of financial topics.
• You will have a natural curiosity and desire to learn and grow your financial skill set in a risk management context within a Trading environment. This will require learning agility to accurately interpret, understand and evaluate a variety of risks across multiple risk types and interconnectivity between risk types
• You will have effective technical and analytical skills (financial data and written reports).
• Previous experience of Treasury, Finance / Accounting or Risk Management desirable but given the junior nature of the role, relevant parallel experience will be considered.
• Talks and writes in a clear, concise, organized, and convincing manner for the intended audience.
• You will be comfortable multi-tasking across a broad range of topics and conscious of the importance of adhering to deadlines, often on sensitive regulatory deliverables.
• English required, French optional.
• Communication- Can articulately paint pictures & visions of possibilities and likelihoods. Ability to communicate with SMEs as well.

France

• Competitive retirement plan in addition to State plans

• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers

• Life and disability insurance

• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later

• Reimbursement of 50% of your commuter pass

• Nursery scheme for children under age 3

• Works council benefits

• Access to an Employee Assistance Programme for confidential support and help for everyday matters

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities

• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.