Credit Admin Associate

Alliance & Leicester Credit Card; London; On-site; GBP 100,000 - 125,000; Full time

Job summary

Join a leading financial institution as an Enterprise Credit Admin Associate, where you will support credit officers in managing portfolios and improving operational efficiency. This role offers opportunities for growth and a collaborative work environment.

Benefits

Private Healthcare

Competitive Pension Plan

Backup Childcare

Flexible Benefits

Employee Assistance Program

Qualifications

• Institutional banking experience preferred.
• Credit risk experience with a proactive work ethic.

Responsibilities

• Ownership of a portfolio of clients from a credit administration perspective.
• Manage onboarding of new fund manager relationships.
• Coordinate pre and post-closing activities.

Skills

Attention to Detail

Self-Motivation

Learning Agility

Effective Communication

Organizational Skills

Interpersonal Skills

Technical Skills

Education

Bachelor’s Degree

Tools

Microsoft Office

Tableau

Job description

Credit Admin Associate

London, United Kingdom;Dublin, Ireland; Bromley, United Kingdom

Job Description:

Job Title : Enterprise Credit Admin Associate

Locations: Bromley, London or Dublin

Corporate Title: Vice President

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!

London Location Overview

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

Dublin Location Overview

Overlooking the spectacular Iveagh Gardens with access to all amenities in the beating heart of central Dublin is our Park Place office. Travel options include the LUAS, Dublin Bus networks as well as the Dublin Bikes station, positioned just outside our front doors. As part of our commitment to supporting staff travel to and from work in the most sustainable way possible, we also provide tax saver tickets as part of our award-winning benefits package which means getting to work has never been easier.

Job Description

Opportunity to join the Global Markets Credit (GMC) organization, responsible for credit underwriting, ongoing monitoring and portfolio management of Global Markets financing and traded products transactions.

As a part of theEnterprise Credit Administration(ECA) team a Front Line Unit (FLU) a part of Global Markets (GM) supporting Enterprise Credit, Credit Risk underwriters you will be responsible for supporting Credit Officers on a daily basis in the management of their portfolios, incuding the review of global credit facilities. Supporting the end-to-end process, credit underwriting, ongoing monitoring and portfolio management of financing, treasury management, and traded products transactions.

You will be handling complex opportunities and taking a leadership role in supporting client needs and leading/participating in special projects. Helping simplify and improve our processes, identifying and leading on opportunities to improve operational efficiency.

Employees that achieve success in this role often demonstrate the following attributes: attention to detail, self-motivation and learning agility.

Responsibilities

• Ownership and autonomy over a portfolio of clients from a credit administration perspective
• Manage onboarding of new fund manager relationships and new funds to assist in the credit approval process
• Coordinate pre and post-closing activities which may include due diligence activities, creation of credit approval documents for new, renewed and amended trading, loan and Global Transaction Services (GTS) facilities, the processing of these through the bank systems of record, and interaction with operations
• Responsible for monitoring requirements by creating/clearing monitoring ticklers and sourcing required financial statements and other documents per the terms of the credit agreement or other documentation
• Maintain accurate document records
• Review approved credit approval documents to ensure compliance with bank policy and procedures
• Respond to enquiries from Credit Officers and other business partners. Investigate and resolve incoming queries relating to the portfolio
• Identify and resolve data quality issues and discrepancies
• Ownership of key metric deliverables related to credit facilities and data quality
• Produce ad-hoc and prescribed reporting
• Use Tableau dashboard to proactively manage adherence to key metrics
• Identify opportunities to improve operational efficiency
• Providing coaching to junior associates on the team when dealing with day-to-day support activities

What we are looking for

• Bachelor’s degree or equivalent and/or track record of relevant experience
• Institutional banking experience and sound product/technical and process knowledge of trading or lending products is preferred
• Credit risk experience, able to quickly absorb and follow credit policies and procedures; demonstrated ability to continuously learn, understand processes, systems and products and learn and adapt to a changing environment and responsibilities with a proactive work ethic.
• Familiarity with legal documentation (ISDA/CSA, GMRA, GMSLA, F&O) and loan documentation is preferred
• Effective communication style, both written and verbal across various lines of business and levels, ability to be concise and with attention to accuracy and detail and influence business partners and stakeholders
• Organisational skills with an ability to work under pressure, responsible to deliver and proficient in managing multiple priorities.
• Effective interpersonal skills, able to work as a part of a team with a proactive attitude and ability to think independently and laterally
• Technical skills and systems orientated, proficiency in Microsoft Office applications, Word, Excel and PowerPoint
• Prior experience in a team lead position capacity advantageous
• Can independently analyse complex issues, identify and execute practical solutions. Proactively share information/ideas and consistently identifies best practices

Skills

• Written communications
• Oral communication
• Credit Guidelines & Lending Procedures
• Portfolio monitoring
• Underwriting systems
• Credit Documentation verification
• Time Management
• Organization
• Collaborating
• Influencing
• Attention to Detail
• Data Collection and Entry
• Record Keeping
• Collaboration
• Customer and Client Focus
• Prioritization
• Planning

Benefits of working at Bank of America

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• Access to an Employee Assistance Program for confidential support and help for everyday matters
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Ireland

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
• Access to an Employee Assistance Program for confidential support and help for everyday matters
• Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan
• Ability to donate to charities of your choice and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of Ireland’s most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America

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 mind-set 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 or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, membership of the Traveller community, age, sexual orientation, pregnancy or maternity, civil status, socio-economic background, family status or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the 'Know your Rights' poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12.pdf) .

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.