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Bank of America Credit Risk Officer Corp/Comm in New York, New York

Credit Risk Officer Corp/Comm

New York, New York

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

Learn more about this role

Full time

JR-21016360

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Referral Bonus:

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