Counterparty Credit Portfolio Management Director
New York, New York;Charlotte, North Carolina
**Job Description:**
**About Us:**
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. Were 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:**
The Portfolio Manager will drive a robust monitoring environment through reporting, analysis, presentations, and written updates to management. You will work closely with Credit Officers and other Portfolio Managers to analyze reports, data, and other available information and to deliver updates and presentations on the portfolio. The Portfolio Manager will follow through on potential issues raised to support a robust monitoring environment. The experience level of individuals in this role is typically at least nine years. Associated role title includes Portfolio Manager.
**Global Markets Credit Overview:**
Global Markets Credit (GMC) is responsible for ensuring a robust and consistent credit underwriting process for Global Markets lending and trading counterparty credit activities. GMC partners directly with Global Markets front line unit as well as risk teams in relation to client selection, underwriting and monitoring activities to drive revenue growth while maintaining appropriate risk disciplines. GMC also coordinates engagement with key control partners including Global Risk, Finance, Credit Review and Audit in accordance with our Risk Framework and internal and external standards.
**What Youll Accomplish:**
+ Drive a robust effective monitoring environment leveraging reporting, data and other information and proactively identify and address issues surfaced
+ Provide key stakeholders timely and effective updates, summaries, and presentations to complement reporting and advise of emerging trends
+ Follow through on potential issues to address and resolve as necessary
+ Initiate exposure reporting based on expected or actual idiosyncratic events, sector moves or geopolitical events
+ Understand Hedge Fund and Regulated Fund underwriting and monitoring process
+ Coordinate and contribute to presentations in response to regulatory and senior management requests
+ Support enterprise initiatives and partner with applicable stakeholders across the firm on emerging topics
**Required Skills:**
+ A least 9+ years of experience with most of the experience directly related to counterparty credit risk portfolio management
+ Strong organizational, oral, and written communication skills and attention to detail
+ Ability to work in a fast-paced environment and with a quick turnaround time
+ Critical thinking skills to evaluate and investigate information
+ Proficiency with Word, Excel, and PowerPoint, along with ability to quickly learn new programs and applications
+ A sense of urgency and responsiveness with a willingness to grow, learn, and take on increasing levels of responsibility
**Job Band:**
H4
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
**Weekly Schedule:**
**Referral Bonus Amount:**
0
**Job Description:**
**About Us:**
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. Were 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:**
The Portfolio Manager will drive a robust monitoring environment through reporting, analysis, presentations, and written updates to management. You will work closely with Credit Officers and other Portfolio Managers to analyze reports, data, and other available information and to deliver updates and presentations on the portfolio. The Portfolio Manager will follow through on potential issues raised to support a robust monitoring environment. The experience level of individuals in this role is typically at least nine years. Associated role title includes Portfolio Manager.
**Global Markets Credit Overview:**
Global Markets Credit (GMC) is responsible for ensuring a robust and consistent credit underwriting process for Global Markets lending and trading counterparty credit activities. GMC partners directly with Global Markets front line unit as well as risk teams in relation to client selection, underwriting and monitoring activities to drive revenue growth while maintaining appropriate risk disciplines. GMC also coordinates engagement with key control partners including Global Risk, Finance, Credit Review and Audit in accordance with our Risk Framework and internal and external standards.
**What Youll Accomplish:**
+ Drive a robust effective monitoring environment leveraging reporting, data and other information and proactively identify and address issues surfaced
+ Provide key stakeholders timely and effective updates, summaries, and presentations to complement reporting and advise of emerging trends
+ Follow through on potential issues to address and resolve as necessary
+ Initiate exposure reporting based on expected or actual idiosyncratic events, sector moves or geopolitical events
+ Understand Hedge Fund and Regulated Fund underwriting and monitoring process
+ Coordinate and contribute to presentations in response to regulatory and senior management requests
+ Support enterprise initiatives and partner with applicable stakeholders across the firm on emerging topics
**Required Skills:**
+ A least 9+ years of experience with most of the experience directly related to counterparty credit risk portfolio management
+ Strong organizational, oral, and written communication skills and attention to detail
+ Ability to work in a fast-paced environment and with a quick turnaround time
+ Critical thinking skills to evaluate and investigate information
+ Proficiency with Word, Excel, and PowerPoint, along with ability to quickly learn new programs and applications
+ A sense of urgency and responsiveness with a willingness to grow, learn, and take on increasing levels of responsibility
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
Learn more about this role
Full time
JR-23005901
Band: H4
Manages People: No
Travel: Yes, 5% of the time
Manager:
Talent Acquisition Contact:
Victoria Macias
Referral Bonus:
0
New York City pay and benefits information
**New York City pay range:**
$125,000 - $202,700
annualized salary, offers to be determined based on experience, education and skill set.
**Discretionary incentive eligible**
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
**Benefits**
This role is currently benefits eligible . We provide industry-leading benefits, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
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 (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .
To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .
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 Americas Drug-free workplace and alcohol policy, CLICK HERE .
