Credit Risk Officer Corp/Comm
Posted on: 11 Apr 2021
New York City, New York
Job Description
Job Description:
Job Description
* Provide Global Markets Credit coverage of the Structured Financing Transaction and Flow Trading Securities Finance portfolios within the Rates and Equities businesses for US and EMEA
* Support the Rates business in reviewing transaction structures, collateral stresses, terms and conditions
* Participate in the Deal Review Council approval process for the SFT Rates business
* Coordinate review and approvals with GCIB Wholesale Credit Officers for recourse obligors, Enterprise Credit Risk and Global Markets and Financing Risk
* Review and maintain product related policies and procedures
* Represent GMC in internal governance forums, audits and regulatory meetings
* Recommend trade level haircuts for reverse repurchase or similar transactions
* Identify, track and manage Wrong Way Risk with regard to securities financing
* Monitor global macro market environment and assess the risk impact of market conditions on the financing portfolio
* Coordinate periodic and/or adhoc reporting
* Provide GMC input into key projects/initiatives, such as Internal Model Method (IMM), Tri Party Repo risk assessment, Sponsored Repo trading
Requirements
* 7+ years of experience covering flow financing activities in a similar role or in a Credit Risk role
* Strong understanding of Counterparty Credit Risk especially involving Repurchase/Reverse Repurchase activities
* Strong knowledge of the underlying securities especially structured products and corporate bonds
* Ability to establish partnerships across the organization (Structuring, Trading, Sales, Risk and support partners) and build effective work groups
* Understanding of relevant documentation including MRA/GMRA, MSLA/GMSLA and ISDA/CSA
* Understanding of Agency Lending Disclosure of Principal (ALDOP) platform
* Strong organizational, oral, and written communication skills
* Proficiency with Bloomberg, Word, Excel and PowerPoint
* Willingness/desire to improve and/or streamline processes
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America
Charlotte, NC
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans.
This segment provides its products and services through approximately 4,300 financial centers; 16,300 ATMs; call centers; and digital banking platforms. The GWIM segment offers investment management, brokerage, banking, and trust and retirement products; and wealth management solutions targeted to high net worth and ultra high net worth clients, as well as customized solutions to meet clients’ wealth structuring, investment management, and trust and banking needs, including specialty asset management services.
The Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services.
The Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1874 and is headquartered in Charlotte, North Carolina.
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IndustryBanking/Financial Services
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No. of Employees205,000
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Website
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Jobs Posted2694
