Credit Risk Officer

Bank of America; New York (NY); On-site; USD 90,000 - 150,000; Full time

Job summary

An established industry player is seeking a seasoned professional to join their dynamic team in New York. This role focuses on credit management for regulated funds, requiring a deep understanding of financial analysis, risk assessment, and regulatory compliance. You will manage a diverse portfolio, ensuring adherence to risk policies while collaborating closely with various teams. If you thrive in a fast-paced environment and are eager to make a significant impact in the financial sector, this opportunity is perfect for you. Join a company that values growth, inclusivity, and exceptional talent development.

Qualifications

• 10+ years of solid Commercial Banking experience required.
• Strong analytical skills in financial accounting and modeling.
• Ability to communicate effectively across various levels.

Responsibilities

• Manage a high-volume portfolio of regulated and alternative fund clients.
• Conduct detailed analysis of clients' investment strategies and risks.
• Liaise with Legal to negotiate documentation for trading activities.

Skills

Credit and Risk Assessment

Issue Management

Attention to Detail

Interpret Relevant Laws, Rules, and Regulations

Regulatory Compliance

Oral Communications

Presentation Skills

Project Management

Education

BA/BS Degree

Job description

Charlotte, North Carolina; New York, New York

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities, and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This role involves analyzing credit and investigating existing and prospective clients and counterparts. Key responsibilities include assessing credit, market, and reputational risks, and ensuring adherence to credit risk policies, risk appetite, and reporting requirements, including Top of House (TOH), Line of Business (LOB) reports, and regulatory reports.

The position is responsible for all aspects of credit management for Americas (AMRS)-based Regulated Funds and Asset Managers.

Responsibilities:

1. Manage a high-volume, fast-paced portfolio of AMRS-based regulated and alternative fund clients from onboarding through underwriting, credit approval, and ongoing monitoring.
2. Conduct detailed analysis of clients, understanding their investment strategies, liquidity, leverage, and associated risks.
3. Assign internal risk ratings and recommend risk limits based on client risk profiles.
4. Liaise with Legal to negotiate trading documentation.
5. Perform ongoing client monitoring regarding credit quality and compliance with risk limits and policies.
6. Support industry risk governance monitoring and identify operational, reputational, and market risks.
7. Collaborate with colleagues across Sales & Trading, 2nd Line Risk, Credit Review, and LOB management.
8. Conduct portfolio reviews and prepare management reports as needed.
9. Contribute to regulatory tasks related to the AMRS funds portfolio.
10. Work closely with Global Markets teams, including Trading, Structuring, and Sales, in a fast-paced environment.

Skills:

• Credit and Risk Assessment
• Issue Management
• Attention to Detail
• Understanding of Laws, Rules, and Regulations
• Regulatory Compliance
• Effective Oral Communication
• Presentation Skills
• Project Management

Required Qualifications:

• 10+ years of experience in Commercial Banking
• Financial analysis, structuring, underwriting, and portfolio management skills
• Technical skills including financial modeling and loan structuring
• Strong communication skills for internal and external engagement
• Industry knowledge across sectors

Minimum Education:

BA/BS Degree preferred