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Credit Risk Manager - Real Estate Structured Finance, Vice President
Bank of America Merrill Lynch
September 15, 2018
London, United Kingdom
Job Description: Corporate Title: Vice President Location: London Line of Business: Global Risk
Here in our London office we are looking for a Credit Risk Manager to join our Market Risk team.
The position is for a risk manager covering Bank of America's Real Estate Structured finance business. You are usually the front line credit risk person on more complex or sensitive credit transactions working directly with the relationship manager and/or credit product specialist. You shall cover a diverse range of responsibilities involving assistance with structuring, risk mitigation and internal policy compliance for new business opportunities.
You will be part of the RESF Credit Risk team and provide credit risk oversight for specified markets. Key responsibilities include review, challenge, and approve loan requests for the Real Estate Structured (RESF) teams in the US and EMEA up to designated approval level, and oversight of his/her assigned loan portfolio.
What will your main responsibilities involve?
Review, challenge, and approve loan requests for the Real Estate Structured (RESF) teams in the US and EMEA
Prepare materials and present at quarterly Portfolio Review Meeting, covering market data, loan performance, portfolio statistics, country risk, and asset quality statistics. Additionally, assist in securitization process, including reviewing loans originated by other banks that become part of CMBS transactions, participating in B-piece calls, and reviewing/approving Risk Retention for CMBS and SASB transactions
Participate in any other special projects, such as Policy and Procedure amendments, Operational Excellence projects, MRAs and Market analyses
Provide mentorship to RESF's teams with focus on transaction risk identification and mitigation strategies
Provide Policy interpretation and application guidance as needed. Assess a broad spectrum of risks, predominantly credit risk, but also market, counterparty, and operational risks. This role requires close interaction with the Front Line Units and other risk and support groups (i.e., Market Risk, Counterparty Risk, Legal, Credit Review, Appraisal, etc.)
Assist in securitization process, including reviewing loans originated by other banks that become part of CMBS transactions, participating in B-piece calls, and reviewing/approving Risk Retention for CMBS and SASB transactions
Participate in any other special projects, such as Policy and Procedure amendments, Operational Excellence projects, MRAs and Market analyses. In this role, the individual will frequently interact with senior leaders across the Global Risk organization and the Front Line Units
What skills and qualifications will you ideally possess?
Extensive experience in credit risk management is critical
Knowledge of credit risk management processes, credit risk policy, risk appetite, models, loss forecasting
Bachelor's Degree within relevant discipline, or equivalent experience
Proven ability to independently own multiple concurrent activities, drive completion, and produce executive level reporting
Excellent credit analytical skills, preferably in the commercial real estate business, with attention to detail
Execution oriented with demonstrated project management and problem solving skills
Proven partnering skills with ability to navigate across teams, eliminate roadblocks, drive consensus to achieve resolution and ensure successful execution
Able to build and maintain strategic business relationships
Excellent written and oral communication skills
Highly motivated individual who fully understands the demands of a market risk professional
Proficiency with Excel, Word, PowerPoint, Adobe Acrobat
Knowledge of Tableau is helpful
About Bank of America Merrill Lynch Bank of America is one of the world's leading financial institutions, serving individual consumers, small- and middle-market businesses, large corporations and governments with a full range of financial and risk management products and services. Bank of America Merrill Lynch is the marketing name for the global banking and markets businesses. The company has had a presence in EMEA since 1922. With offices in 23 countries on three continents, it offers an integrated and comprehensive set of products and services across Global Corporate and Investment Banking, Global Markets and Consumer Card, serving the needs of individual, corporate, institutional and government clients, combining the best of local knowledge and global expertise. Developing solutions for social and environmental challenges is at the core of Bank of America Merrill Lynch's responsibility platform. In more than 90 countries around the world, we partner with employees, clients and stakeholders to help make financial lives better.
Apply If you're interested in this opportunity please send your details to us by applying online. Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mindset are the cornerstones of our Code of Conduct and are at the heart of managing risk well. We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.