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Bank of America Hiring for GMC Counterparty Credit Portfolio Manager at New York, New York Full Time
GMC Counterparty Credit Portfolio Manager
New York, New York
Job Description:
As a Portfolio Manager, you will analyze counterparty credit risk data to
design and maintain counterparty credit risk portfolio presentations and
reporting under the leadership of senior team members. The work
product of the Portfolio Manager will support a robust monitoring
environment and facilitate discussions with senior management and
business partners. You will work closely with Credit Officers to analyze
data and deliver key reports in order to gain insights. You will develop an
understanding of the Global Markets Credit product spectrum as you
analyze our Hedge Fund, Regulated Funds, and Central Clearing
Counterparties portfolio. The experience level of individuals in this role
typically ranges from seven to ten years. Associated role title includes
Portfolio Manager.
GMC Overview
Global Markets Credit (GMC) is responsible for ensuring a robust and
consistent credit underwriting process for Global Markets lending and
trading counterparty credit activities. GMC partners directly with Global
Markets front line unit teams in relation to client selection, structuring
and underwriting activities to drive revenue growth while maintaining appropriate risk disciplines. GMC also coordinates engagement with key control partners including Global Risk, Finance, Credit Review and Audit in accordance with our Risk Framework and internal and external standards.
What You’ll Accomplish
• Own and develop routine reporting and senior management presentations for the large, revenue generative GMC trading portfolios
• Perform routine and ad hoc analysis to support business objectives and distill into key themes
• Initiate exposure reporting based on expected or actual idiosyncratic events, sector moves or geopolitical events
• Articulate the GMC trading portfolio across segment, region, legal entity as applicable
• Understand the Asset Manager, Hedge Fund, CCP underwriting and monitoring requirements as drivers for data and reporting, including policies and procedures
• Coordinate and provide information and contribute to presentations to respond to regulatory and senior management requests
• Follow new initiatives to understand any resulting impact and requirements to support them
• Liaise with Enterprise Credit, Global Markets Credit, Risk, Operations, Technology and/or Finance partners to recommend data lineage and system improvements
• Support enterprise initiatives and partner with applicable stakeholders across the firm on emerging topics as needed.
• The scope of this role will also include support of the onboarding of Prime Brokerage counterparty credit underwriting through production of timely, robust reporting
*Required Skills :
“Must” have these skills to be minimally qualified.
• 7+ years of experience in analyzing and reporting counterparty credit risk or market risk data
• Proficiency with counterparty risk or market risk related bank systems
• Ability to join the dots across myriad systems and to design the most efficient path to obtaining key data elements
• Strong organizational, oral, and written communication skills and attention to detail
• Proficiency with writing SQL queries, using Alteryx and / or Tableau a plus
• Proficiency with Word, Excel, and PowerPoint, along with ability to quickly learn new programs and applications
• Personal drive, individual initiative, a sense of urgency, and responsiveness, with a willingness to grow, learn, and take on increasing levels of responsibility
• Desire to improve and streamline processes, and to troubleshoot independently.
Job Band:
H5
Shift:
1st shift (United States of America)
Hours Per Week:
40
Weekly Schedule:
Monday-Friday 8:30a.m. – 6 p.m.
Referral Bonus Amount:
0
Job Description:
As a Portfolio Manager, you will analyze counterparty credit risk data to
design and maintain counterparty credit risk portfolio presentations and
reporting under the leadership of senior team members. The work
product of the Portfolio Manager will support a robust monitoring
environment and facilitate discussions with senior management and
business partners. You will work closely with Credit Officers to analyze
data and deliver key reports in order to gain insights. You will develop an
understanding of the Global Markets Credit product spectrum as you
analyze our Hedge Fund, Regulated Funds, and Central Clearing
Counterparties portfolio. The experience level of individuals in this role
typically ranges from seven to ten years. Associated role title includes
Portfolio Manager.
GMC Overview
Global Markets Credit (GMC) is responsible for ensuring a robust and
consistent credit underwriting process for Global Markets lending and
trading counterparty credit activities. GMC partners directly with Global
Markets front line unit teams in relation to client selection, structuring
and underwriting activities to drive revenue growth while maintaining appropriate risk disciplines. GMC also coordinates engagement with key control partners including Global Risk, Finance, Credit Review and Audit in accordance with our Risk Framework and internal and external standards.
What You’ll Accomplish
• Own and develop routine reporting and senior management presentations for the large, revenue generative GMC trading portfolios
• Perform routine and ad hoc analysis to support business objectives and distill into key themes
• Initiate exposure reporting based on expected or actual idiosyncratic events, sector moves or geopolitical events
• Articulate the GMC trading portfolio across segment, region, legal entity as applicable
• Understand the Asset Manager, Hedge Fund, CCP underwriting and monitoring requirements as drivers for data and reporting, including policies and procedures
• Coordinate and provide information and contribute to presentations to respond to regulatory and senior management requests
• Follow new initiatives to understand any resulting impact and requirements to support them
• Liaise with Enterprise Credit, Global Markets Credit, Risk, Operations, Technology and/or Finance partners to recommend data lineage and system improvements
• Support enterprise initiatives and partner with applicable stakeholders across the firm on emerging topics as needed.
• The scope of this role will also include support of the onboarding of Prime Brokerage counterparty credit underwriting through production of timely, robust reporting
*Required Skills :
“Must” have these skills to be minimally qualified.
• 7+ years of experience in analyzing and reporting counterparty credit risk or market risk data
• Proficiency with counterparty risk or market risk related bank systems
• Ability to join the dots across myriad systems and to design the most efficient path to obtaining key data elements
• Strong organizational, oral, and written communication skills and attention to detail
• Proficiency with writing SQL queries, using Alteryx and / or Tableau a plus
• Proficiency with Word, Excel, and PowerPoint, along with ability to quickly learn new programs and applications
• Personal drive, individual initiative, a sense of urgency, and responsiveness, with a willingness to grow, learn, and take on increasing levels of responsibility
• Desire to improve and streamline processes, and to troubleshoot independently.
Shift:
1st shift (United States of America)
Hours Per Week:
40
Learn more about this role
Full time
JR-22014671
Band: H5
Manages People: No
Travel: Yes, 5% of the time
Manager:
Talent Acquisition Contact:
Jennifer Murphy
Referral Bonus:
0
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 “EEO is the Law” poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .
To view the “EEO is the Law” Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.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 .
