Wholesale Credit Administration

Bank of America
Published
24 February 2024
Location
Bromley, South East London

Description

Job Description: Job Title: Wholesale Credit Administration Corporate Title: Analyst/Associate Location: Bromley 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 The Team: Global Markets Credit is a team of 100 people and are responsible for ensuring robust and consistent credit underwriting for Global Markets lending activities, particularly on a non-recourse basis. This includes underwriting Structured Financing Transactions, Non-Recourse Lending to SPVs, Specialty Finance, Hedge Funds and Regulated Funds (Real-Money Accounts), Central Counterparties (CCPs) and Municipal Banking and Markets. Role Description: You will be responsible for supporting Credit Officers on a daily basis in the underwriting, monitoring and management of their portfolios. The end-to-end process involves credit underwriting, ongoing monitoring and portfolio management of financing, treasury management and traded products transactions. You will act as a primary liaison with credit officers, operations and other business partners. Responsibilities: Coordinate pre and post-closing activities which may include due diligence activities, creation of approval documents and interaction with operations Responsible for monitoring requirements by monitoring and working with the credit officers to onboard new funds Identify and resolves data quality issues Identify opportunities to improve operational efficiency Understand policy and procedures to ensure compliance What we are looking for: Institutional banking experience and risk knowledge of trading products Good communication skills, with the ability to be concise to influence business partners and stakeholders To be able to quickly absorb and follow credit policies and procedures Organisational skills with an ability to work to ensure commitment deadlines are met Technical skills including Word, Excel and PowerPoint Skills that will help: Credit risk experience on regulated/mutual funds Formal credit risk training Learn more about this role

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