Vice President, Enterprise Credit Admin Associate; Global Markets Credit - Enterprise Credit; London

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!

Overview

• Enterprise Credit Administration (ECA) is a front line unit (FLU) a part of Global Markets (GM) supporting Enterprise Credit, credit risk underwriters.

• The Global Markets Credit (GMC) organisation is responsible for credit underwriting, ongoing monitoring and portfolio management of Global Markets (GM) financing and traded products transactions.

• GMC is a global organization which partners directly with Global Markets FLU teams in relation to client selection, structuring and underwriting activities to drive revenue growth while maintaining appropriate risk disciplines.

• GMC will also coordinate engagement in key control partners including Global Risk, Finance, Credit Review and Audit to accordance with our Risk Framework and internal and external standards.

• GMC undertakes effective management of credit and trading risk exposures within established limit, tenor and documentation parameters, together with providing risk assessment, transaction structuring, deal execution and credit risk profile monitoring for non-bank financial institutions throughout EMEA.

• The function partners with teams globally, including Sales & Trading and Global Treasury Management to drive revenue growth. The team also engages closely with, but independently of, Risk partners, Legal, Operations, Compliance and other areas of the Bank.

Role

• This role is responsible for supporting Credit Officers on a daily basis in the management of their portfolios, including the review of global credit facilities.

• Supporting with the end-to-end process, credit underwriting, ongoing monitoring and portfolio management of financing, treasury management and traded products transactions.

• Working closely with and acting as a primary liaison with credit teams, operations and other business partners.

• Handling complex opportunities and taking a greater leadership role in supporting client needs and leading or participating in special projects.

• Help simplify and improve our processes, identifying and leading on opportunities to improve operational efficiency.

• Providing coaching to junior associates on the team when dealing with day-to-day support activities.

• Employees that achieve success in this role often demonstrate the following attributes: attention to detail, self-motivation and learning agility.

Responsibilities

• Manage the onboarding of new fund manager relationships and new funds to assist in the credit approval process.

• Ownership and autonomy over a portfolio of clients from a credit administration perspective.

• Coordinate pre and post-closing activities which may include due diligence activities, creation of credit approval documents for new, renewed and amended trading, loan and Global Transaction Services (GTS) facilities, the processing of these through the bank systems of record and interaction with operations.

• Responsible for monitoring requirements by creating/clearing monitoring ticklers and sourcing required financial statements and other documents per the terms of the credit agreement or other documentation

• Maintain accurate document records.

• Review approved credit approval documents to ensure compliance with bank policy and procedures.

• Respond to enquiries from credit officers and other business partners, investigating and resolving incoming queries relating to the portfolio.

• Identify and resolve data quality issues and discrepancies.

• Ownership of key metric deliverables related to credit facilities and data quality.

• Produce ad-hoc and prescribed reporting.

• Use Tableau dashboard to proactively manage adherence to key metrics.

Requirements

• Bachelor’s degree or equivalent and/or track record of relevant experience.

• Institutional banking experience and sound product/technical and process knowledge of financial traded and lending products is preferred.

• Credit risk experience, able to quickly absorb and follow credit policies and procedures; demonstrated ability to continuously learn, understand processes, systems and products and adapt to a changing environment and responsibilities.

• Familiarity with legal documentation (ISDA/CSA, GMRA, GMSLA, F&O) and loan documentation is preferred.

• Effective communication style both written and verbal across various lines of business and levels.

• Strong organisational skills with an ability to work under pressure responsible to deliver and proficient in managing multiple priorities.

• Effective interpersonal skills, a team player with a proactive attitude and ability to think independently and laterally.

• Strong technical skills and systems orientated with proficiency in Microsoft Office applications, Word, Excel, PowerPoint.

• Prior experience in a team lead position capacity advantageous.

• Can independently analyse complex issues, identify and execute practical solutions. Proactively share information/ideas and consistently identifies best practices

• Travel to Bromley office – 20%

Skills

• Written communications

• Oral communication

• Credit Guidelines & Lending Procedures

• Portfolio monitoring

• Underwriting systems

• Credit Documentation verification

• Commercial Lending & Commercial Products

• Time Management

• Organization

• Collaborating

• Influencing

Bank of America

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. 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.

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