Vice President

6 days ago

Charlotte, North Carolina, United States Bank of America Full time
Vice President - Global Markets Credit Commodities Credit Officer

Charlotte, North Carolina;New York, New York

Job Description:


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

Job Description:


Responsible for analysis to aid in either the underwriting of hedge fund credit risk, issuer risk, credit mitigates in structured transactions or counterparty risk.

Additional responsibilities include proactive evaluation of Problem Assets, some limit approval authority and reporting of capital markets credit risk. The Counterparty Credit Risk Specialist will primarily interface with the traders/marketers and other risk and support groups (i.e. Compliance, Finance, Operations, etc.). Incumbents typically have over five years of experience in credit risk management. Product knowledge and credit skills are necessary.

The role sits within the Global Markets Credit ("GMC") group within the Enterprise Credit organization.

Responsibilities:

  • Within GMC, the Vice President will assist with the credit underwriting and ongoing portfolio management functions for Structured Derivatives and Lending exposures booked within the Global Commodities line of business
  • Product coverage includes e.g. Lien Based Hedging, Spark Spread swaps, Natural Gas hedging, and Lending secured by commodities and related contracts. Underlying client sectors include power generation, upstream oil & gas, midstream and downstream energy and metals & mining.
  • The Vice President will work closely with both senior and junior team members within the GMC Specialty Finance team as well as other constituents within GMC. The role will coordinate closely with the Commodities sales & trading team, and various Risk partners to help drive responsible loan and traded products growth. We also partner with other parts of Enterprise Credit to leverage industry-specific expertise.
  • Key responsibilities will include participation in the deal screening, term negotiation, diligence, and credit committee process. The Vice President will review and potentially challenge all elements of transactions including structure, collateral, and cashflow stress analysis. Post-close, the role will have responsibility for ongoing deal and portfolio monitoring and will exercise credit approval authority for amendment/waiver/renewal/extension activity.
  • The Vice President will assist in the preparation and review of credit approval memos including quantitative and qualitative analysis. The role will also assist with periodic reporting requirements, policy and procedure updates, risk rating scorecard maintenance, regulatory inquiries, limit requests, and other ad hoc projects.
Required

Skills:

  • 5-8 years of experience in financial services.

Relevant prior experience may include roles in:
credit risk management, credit underwriting, structuring, loan origination, or public rating agencies

  • The candidate will likely have had experience of reviewing lending or debt transactions including securitization or collateral based lending facilities and derivatives.
  • Exposure to Energy and Commodity industries and related products
  • Candidate should exhibit strong analytical skills, personal drive, individual initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility
  • Strong organizational, oral, and written communication skills, with ability to communicate effectively with all levels of risk, support, and business partners
  • Candidate should be a strong team player, willing to support more junior members of the team as required.
  • Proficiency with Word, Excel and PowerPoint, along with ability to quickly learn new programs and applications
  • High level of attention to detail
Desired

Skills:

  • Strong knowledge of the related natural gas, metals & mining, midstream & downstream and power industries and related products
  • Formal Credit training at a major bank
  • Proficiency with Bloomberg

Skills:

  • Critical Thinking
  • Analytical Thinking
  • Portfolio Analysis
  • Credit and Risk Assessment
  • Oral Communications
  • Presentation Skills
  • Written Communications
  • Collaboration
  • Technical Documentation
  • Monitoring, Surveillance, and Testing
  • Data and Trend Analysis
  • Issue Management
  • Regulatory Compliance
  • Active Listening

Minimum Education Requirement:
BA/BS degree in Finance, Accounting, Economics, Engineering majors preferred

Shift:
1st shift (United States of America)

Hours Per Week:
40


Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws.

The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE ) .

To view the "EEO is the Law" Supplement, CLICK HERE ) .


Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse.

Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America's Drug-free workplace and alcohol policy, CLICK HERE .

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