Bank Of America Credit Risk Manager 

United Kingdom, England, City of Westminster 

836302714

Corporate Title: VP

The Enterprise Credit and Global Banking Risk team based in London is part of the EMEA Enterprise Credit Risk function with operations in London, Dublin and Paris. You will part of a 2nd line risk function providing challenge and oversight to the 1st line of defence.

Role Description:

You will have primary responsibility for credit approval and therefore is accountable for overall portfolio performance and asset quality. The role involves handling a portfolio of EuropeanFinancial Institutions and Non-Banking Financial Institutions including Banks, Asset Managers, Funds, Insurance companies and Central Clearing Counterparties. You will partner with senior ECGBR colleagues to manage the portfolio and work with Enterprise Credit (‘EC’, 1st line of defence credit team) in supporting our European client base.

Responsibilities:

• Reviewing credit proposals, new transactions, sanctioning exposure/limits for portfolio clients within appropriate risk parameters under delegated authority; risk types covered include lending, structured funding trades, RCFs, FX, derivatives, repo, GTS facilities.
• Providing feedback to GCIB Credit/GMC (Enterprise Credit) on new client/transaction screenings in order to influence outcomes in line with credit risk appetite, including appropriate transactions structures.
• Identify and monitor top down emerging risk trends within the portfolio and devise action plans for mitigation where appropriate.
• Build and maintain portfolio-level reporting routines which cover key movements in portfolio sensitivities, exposure changes and credit rating migrations.
• Involvement in regulatory deliverables and other ad-hoc legal entity tasks which require credit risk input.

What we are looking for:

• Coverage responsibilities of a portfolio of European Corporates/FIs/NBFIs
• Experience with operating under delegated approval authority
• Solid familiarity with product suite, including loan and derivative products, and legal documentation (facility agreement, ISDA/CSA, GMRA, GMSLA)
• Experience of discussing complex structures with corporate and investment banking, sales and trading.

Skills that will help:

• Excellent communication skills.
• Ability to work in a demanding, fast-paced environment in a variety of different situations; grasp of complex structures.
• Highly motivated individual with a passion for continued individual learning.
• Competent in using Microsoft Word, Excel and PowerPoint software for presentations.

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

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