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 Officer
Charlotte, North Carolina; New York, New YorkAt 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.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 Counterparty Credit Risk Specialist will primarily interface with the traders/marketers and other 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 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:5-8 years of experience in financial services. Relevant prior experience may include roles in: credit risk management, credit underwriting, structuring, loan origination, or public rating agencies.The candidate will likely have had experience of reviewing lending or debt transactions including securitization or collateral based lending facilities and derivatives.Exposure to Energy and Commodity industries and related products.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 detail.Desired Skills:Strong knowledge of the related natural gas, metals & mining, midstream & downstream and power industries and related products.Formal Credit training at a major bank.Proficiency with Bloomberg.Minimum Education Requirement:
BA/BS degree in Finance, Accounting, Economics, Engineering majors preferred.Shift:
1st shift (United States of America)Hours Per Week:
40Pay Transparency details: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.Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please contact us by calling
1.877.760.2076 .
#J-18808-Ljbffr
Charlotte, North Carolina; New York, New YorkAt 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.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 Counterparty Credit Risk Specialist will primarily interface with the traders/marketers and other 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 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:5-8 years of experience in financial services. Relevant prior experience may include roles in: credit risk management, credit underwriting, structuring, loan origination, or public rating agencies.The candidate will likely have had experience of reviewing lending or debt transactions including securitization or collateral based lending facilities and derivatives.Exposure to Energy and Commodity industries and related products.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 detail.Desired Skills:Strong knowledge of the related natural gas, metals & mining, midstream & downstream and power industries and related products.Formal Credit training at a major bank.Proficiency with Bloomberg.Minimum Education Requirement:
BA/BS degree in Finance, Accounting, Economics, Engineering majors preferred.Shift:
1st shift (United States of America)Hours Per Week:
40Pay Transparency details: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.Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please contact us by calling
1.877.760.2076 .
#J-18808-Ljbffr