Vice President - Global Markets Credit Commodities Credit Officer
Company: Disability Solutions
Location: Charlotte
Posted on: October 26, 2024
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Job Description:
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 structured financing transactions or
counterparty risk. Additional responsibilities include proactive
evaluation of Problem Assets, some limit approval authority and
reporting of capital markets credit risk. The Credit Officer will
primarily interface with the traders/marketers and other credit
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 years of experience in financial
services. Relevant prior experience may include roles in: credit
risk management and credit underwriting--- The candidate will
likely have had experience of reviewing lending or debt
transactions including securitization or collateral based lending
facilities and derivatives.--- 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 detailDesired Skills:--- Formal Credit
training at a major bank--- Exposure to Energy and Commodity
industries and related productsSkills:--- 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
ListeningMinimum Education Requirement: BA/BS degree in Finance,
Accounting, Economics, Engineering majors preferredShift:1st shift
(United States of America)Hours Per Week: 40Pay Transparency
detailsUS - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER
(NY1100)Pay and benefits informationPay range$107,100.00 -
$174,500.00 annualized salary, offers to be determined based on
experience, education and skill set.Discretionary incentive
eligibleThis 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.BenefitsThis role is currently benefits eligible. We
provide industry-leading benefits, access to paid time off,
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.
Keywords: Disability Solutions, Huntersville , Vice President - Global Markets Credit Commodities Credit Officer, Executive , Charlotte, North Carolina
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