Bank of America
Vice President - Global Markets Credit Commodities Credit Officer
Bank of America, Charlotte, North Carolina, United States, 28245
Vice President - Global Markets Credit Commodities Credit OfficerJob 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!
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 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.
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 the 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 the ability to quickly learn new programs and applications.
High level of attention to detail.
Minimum Education Requirement:
BA/BS degree in Finance, Accounting, Economics, or Engineering majors preferred.
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency:
Pay range $107,100.00 - $174,500.00 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.
About Us:
Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment, or similar measure.
#J-18808-Ljbffr
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!
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 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.
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 the 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 the ability to quickly learn new programs and applications.
High level of attention to detail.
Minimum Education Requirement:
BA/BS degree in Finance, Accounting, Economics, or Engineering majors preferred.
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency:
Pay range $107,100.00 - $174,500.00 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.
About Us:
Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment, or similar measure.
#J-18808-Ljbffr