Credit Risk Executive

**Job Title**: Credit Risk Executive**:
**Corporate Title**: Managing Director

**Location**: London

**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

**Location Overview**:
Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical center.

This senior position requires extensive knowledge and experience with credit portfolio, portfolio management and risk management. You would be responsible for determining strategy for managing and identifying risk for the global portfolio. You would be accountable for cross line of business risk execution of respective core processes. Additionally, you will have responsibility for identifying emerging risk within a global portfolio and integrating related market risk strategies. As a Credit Risk Executive, you will have credit approval authority, approving and providing expertise on highly complex or high value transactions, which gives you accountability for portfolio performance and asset quality.

**Responsibilities**:

- You will review 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.
- you will provide 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.
- You will identify and monitor top down emerging risk trends within the portfolio and devise action plans for mitigation where appropriate.
- You will build and maintain portfolio-level reporting routines which cover key movements in portfolio sensitivities, exposure changes and credit rating migrations.
- You will be involved in regulatory deliverables and other ad-hoc legal entity tasks which require credit risk input.

**Partnerships**:
You will partner with senior ECR colleagues to manage the portfolio and work with Enterprise Credit (‘EC’, 1st line of defense credit team) in supporting our European client base. The role involves building and maintaining legal entity and portfolio-level reporting routines as well as contributing to regulatory deliverables.

**What we are looking for**:

- Language: Fluency in English is essential.
- Demonstrable evidence of your previous coverage responsibilities of a portfolio of European Corporates
- Demonstrable 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**:

- Strong communication skills at senior level.
- 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.

**Benefits of working at Bank of America**:
**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 una