Bank Of America Credit Risk Officer Asset Manager/Funds Underwriting 

United Kingdom, England, City of Westminster 

759988432

: Credit Risk Officer, Asset Manager/Funds Underwriting

Corporate Title: Vice President

London or Paris

Job Description

This Asset Manager/Funds Credit role sits within Global Markets Credit (GMC) which sits within thefront lineEnterprise Credit Group which is responsible for analysing and underwriting debt financing solutions and derivative strategies for Global Banking & Markets.

GMC underwrites Structured Financing Transactions, Non-recourse Lending to Special Purpose Vehicles (SPVs), Specialty Finance, Hedge Funds and Regulated Funds, Central Counterparties (CCPs), and Municipal Banking and Markets. While an independent function they work closely with product specialists, relationship managers and thesecond linerisk function.

You will be responsible for

Responsibilities

• Managing a busy portfolio of highly revenue generative EMEA based regulated and alternative fund clients from on-boarding through to underwriting/credit approval and oversight

• Conduct detailed analysis of clients demonstrating a good understanding of investment strategies, liquidity, leverage and the products & associated risks, that the funds trade

• Propose limits based on clients risk profile including population of internal counterparty ratings

• Liaise with Legal to negotiate documentation for trading activities

• Oversight of clients regarding changes in credit quality, adherence to risk appetite/limits and policies

• Coordination with colleagues including the business, risk and Line of Business (LOB) management in order to resolve portfolio issues

• Conduct ad-hoc portfolio reviews and prepare management information as required

• Contribute to regulatory tasks and deliverables as required in respect of EMEA fund portfolio

What we are looking for

• Prior experience in a credit risk role is required covering regulated and/or alternative fund clients

• Understanding of Global Markets suite of products, market risk metrics andlegal documentation

• Ability to manage significant deal flow often to tight deadlines in a dynamic and fast-paced environment

• Self-starter with excellent communication skills, problem solver with an ability to negotiate effectively

• Able to work as a part of a team, willing to support more junior members of the team as required

• Good quantitative and Excel based skills required

• Bloomberg experience advantageous

Skills

• Credit and Risk Assessment

• Financial Accounting

• Attention to Detail

• Collaboration

• Regulatory Compliance

• Oral & Written Communications

• Presentation Skills

UK

• 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 including access to school holiday clubs 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 emotional wellbeing helpline, mental health first aiders and virtual GP services.

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

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’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.

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.