Vice President - Credit Risk Officer, Global Markets Credit

Bank of America; New York (NY); On-site; USD 107,000 - 175,000; Full time

Job summary

A leading financial institution is seeking a Vice President to manage credit risk analysis and underwriting within the Global Markets Credit group. The role requires extensive experience in financial services and offers a competitive salary and industry-leading benefits.

Benefits

Industry-leading benefits

Paid time off

Resources for sustainable growth

Qualifications

• 6-10+ years of experience in financial services, including credit risk management.
• Knowledge of securitization structures and macroeconomic drivers.
• Strong analytical skills and attention to detail.

Responsibilities

• Responsible for analysis to support underwriting of hedge fund credit risk.
• Assist with credit underwriting and portfolio management for ABSF portfolio.
• Collaborate with teams for deal screening, negotiations, and ongoing portfolio monitoring.

Skills

Analytical Thinking

Credit and Risk Assessment

Critical Thinking

Portfolio Analysis

Collaboration

Oral and Written Communication

Presentation Skills

Technical Documentation

Active Listening

Data and Trend Analysis

Issue Management

Monitoring, Surveillance, and Testing

Regulatory Compliance

Education

Bachelor's degree in Finance, Accounting, or Economics

Tools

Word

Excel

PowerPoint

Job description

Job Description:

Responsible for analysis to support underwriting of hedge fund credit risk, issuer risk, credit mitigation in structured transactions, or counterparty risk. Additional duties include proactive evaluation of Problem Assets, some limit approval authority, and reporting of capital markets credit risk. The Counterparty Credit Risk Specialist primarily interfaces with traders, marketers, and other risk/support groups such as Compliance, Finance, and Operations. Typically, incumbents have over five years of experience in credit risk management, with necessary product knowledge and credit skills.

This role is within the Global Markets Credit (GMC) group in the Enterprise Credit organization.

GMC ensures consistent credit underwriting for Global Markets lending activities, including financing secured by financial and physical assets. The Vice President will assist with credit underwriting and portfolio management for the US asset-backed securitization finance (ABSF) portfolio, which includes warehouse and term loans secured by assets like auto loans, aircraft, shipping containers, student loans, credit card receivables, equipment leases, and securitizations.

The Vice President will collaborate with senior and junior team members within GMC and coordinate with the ABS Banking team, Rates trading team, and other Risk partners to promote responsible loan growth. The role involves participation in deal screening, negotiations, due diligence, credit committee processes, transaction review, and ongoing portfolio monitoring. The Vice President will exercise credit approval authority for amendments, waivers, renewals, and extensions, and will assist in preparing credit memos, reports, policy updates, risk scorecards, and respond to regulatory inquiries and limit requests.

Required Skills:

• Bachelor's degree in Finance, Accounting, or Economics preferred.
• 6-10+ years of experience in financial services, including credit risk management, underwriting, structuring, loan origination, or public rating agencies.
• Knowledge of securitization structures and macroeconomic drivers.
• Experience reviewing lending or debt transactions, securitization, collateral-based lending, and derivatives.
• Strong analytical skills, initiative, sense of urgency, and responsiveness with a desire to grow and take on responsibility.
• Excellent organizational, communication, and interpersonal skills.
• Team-oriented, willing to support junior members.
• Proficiency with Word, Excel, PowerPoint, and ability to quickly learn new applications.
• High attention to detail.

Desired Skills:

• Analytical Thinking
• Credit and Risk Assessment
• Critical Thinking
• Portfolio Analysis
• Collaboration
• Oral and Written Communication
• Presentation Skills
• Technical Documentation
• Active Listening
• Data and Trend Analysis
• Issue Management
• Monitoring, Surveillance, and Testing
• Regulatory Compliance

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency:

Location: NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Salary Range: $107,100 - $174,500 annually, based on experience, education, and skills. Discretionary incentive eligible, linked to individual and company performance.

Benefits:

This role is benefits eligible, offering industry-leading benefits, paid time off, and resources to support your impact and contribution to sustainable growth.