Counterparty Credit Portfolio Management Reporting Vice President
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:**
As a Reporting VP, you will deliver hedge fund and regulated fund related counterparty credit risk reports, portfolio reviews, and presentations. The Reporting VP will contribute to a robust monitoring environment through reporting, analysis, and written updates to management. You will work closely with Credit Officers and other Portfolio Managers to analyze data and deliver key reports and presentations on a regular and timely basis. You will develop an understanding of Global Markets Credit as you analyze our Hedge Fund and Regulated Funds portfolio. The experience level of individuals in this role typically ranges from six to nine years. Associated role title includes Portfolio Manager.
**Global Markets Credit Overview:**
Global Markets Credit (GMC) is responsible for ensuring a comprehensive and consistent credit underwriting process for Global Markets lending and counterparty credit trading activities. GMC partners directly with the 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:**
+ Deliver routine reporting on an accurate and timely basis to ensure a robust monitoring environment
+ Write effective summaries and presentations to complement reporting and data
+ Liaise closely with credit officers and other stakeholders to adapt or provide reporting and data solutions in a dynamic environment
+ Support data integrity by identifying, escalating, and remediating data issues
+ Initiate exposure reporting based on expected or actual idiosyncratic events, sector moves, or geopolitical events
**Required Skills:**
+ A least 5+ years' reporting experience with most of the experience directly related to counterparty credit risk or market risk
+ 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
+ Desire to improve and streamline processes, and to troubleshoot independently
**Desired Skills:**
+ Proficiency in SQL, Alteryx, Python is a plus.
**Job Band:**
H5
**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:**
As a Reporting VP, you will deliver hedge fund and regulated fund related counterparty credit risk reports, portfolio reviews, and presentations. The Reporting VP will contribute to a robust monitoring environment through reporting, analysis, and written updates to management. You will work closely with Credit Officers and other Portfolio Managers to analyze data and deliver key reports and presentations on a regular and timely basis. You will develop an understanding of Global Markets Credit as you analyze our Hedge Fund and Regulated Funds portfolio. The experience level of individuals in this role typically ranges from six to nine years. Associated role title includes Portfolio Manager.
**Global Markets Credit Overview:**
Global Markets Credit (GMC) is responsible for ensuring a comprehensive and consistent credit underwriting process for Global Markets lending and counterparty credit trading activities. GMC partners directly with the 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:**
+ Deliver routine reporting on an accurate and timely basis to ensure a robust monitoring environment
+ Write effective summaries and presentations to complement reporting and data
+ Liaise closely with credit officers and other stakeholders to adapt or provide reporting and data solutions in a dynamic environment
+ Support data integrity by identifying, escalating, and remediating data issues
+ Initiate exposure reporting based on expected or actual idiosyncratic events, sector moves, or geopolitical events
**Required Skills:**
+ A least 5+ years' reporting experience with most of the experience directly related to counterparty credit risk or market risk
+ 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
+ Desire to improve and streamline processes, and to troubleshoot independently
**Desired Skills:**
+ Proficiency in SQL, Alteryx, Python is a plus.
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
Learn more about this role
Full time
JR-23005897
Band: H5
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:**
$110,000 - $152,000
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 .
