AI summary
Job Description
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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Description: Global Markets Credit (GMC) is responsible for ensuring a comprehensive and consistent credit underwriting and monitoring process for Global Markets lending and trading activities. The GMC Portfolio Management Team is responsible for credit portfolio management, data analysis, and reporting of the GMC lending and trading portfolios. The Funds Portfolio Manager will be responsible for the creation, maintenance and improvements of reports and data analysis for the Hedge Fund and Regulated Fund portfolios. As a Funds Portfolio Manager (PM), you will be integral in delivering Hedge Fund and Regulated Fund related counterparty credit risk reports, portfolio reviews, and presentations on a timely basis. The PM will contribute to a robust monitoring environment through analysis and written updates to management, while working closely with GMC Credit Officers, Portfolio Managers, and Risk colleagues. You will develop an understanding of Global Markets Credit as you analyze our Hedge Fund and Regulated Fund portfolios. The experience level of individuals in this role typically ranges from three to six years. Associated role title includes Credit Portfolio Manager. Responsibilities: Assist with preparing critical risk overviews with accuracy and timeliness to support a strong risk monitoring environment Develop a strong understanding of Hedge Fund and Regulated Fund credit underwriting and monitoring process, as well as the stress testing framework and methodologies employed to the trading portfolio; identify and help implement opportunities to enhance efficiency Enable proactive risk management by evaluating credit risk, market risk/sensitivities, and stresses; partner with the broader team to produce recurring portfolio level and counterparty based combined credit and market risk reporting Collaborate closely with Credit Officers and other stakeholders to refine, adapt, or create specialized reporting/monitoring, data analysis, and data solutions in a fast paced, evolving environment Leverage AI solutions available bank-wide to drive efficiencies and reduce operational risks, ultimately resulting in time savings Support data integrity efforts by identifying, escalating, and driving resolution of data issues, coordinating with various partner groups to ensure timely remediation Uphold a strong control environment by designing and executing control checks, and developing and maintaining comprehensive process documentation Produce ad hoc reporting and presentations to meet emerging business needs and respond to shifts in the risk environment; contribute materials prepared for regulatory examinations and senior management requests Required Qualifications: 3+ years of experience in counterparty credit risk, market risk, or credit portfolio management; at least 1 year experience with traded products portfolios (Hedge Funds, Regulated Funds), with an understanding of potential future exposure, stressed exposures, margin, and trading sensitivities, as well as trading agreements (ISDA, GMRA/MRA, FIA, PB) Understanding of traded products and businesses, including an understanding of Prime Brokerage Ability to understand and synthesize complex data sets Proficiency with SQL, Word, Excel, and PowerPoint, along with ability to quickly learn new programs and applications. Proficiency in VBA, Tableau, Alteryx, and Python is a plus. Personal drive and 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 Skills: Data Collection and Entry Data and Trend Analysis Price Verification and Valuation Research Analysis Analytical Thinking Collateral Management Issue Management Policies, Procedures, and Guidelines Management Negotiation Research Risk Management Valuation Ethics and Practice Standards Vendor Management Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100) Pay and benefits information Pay range $70,000.00 - $132,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure. Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity. Getting started Regardless of the position you are interested in, the starting points to building your resume are the same: 1. Determine the job or types of jobs you want to do and research their responsibilities and qualifications. 2. Think about why you can do the job and make a list of your skills that are relative to the job. 3. Identify experiences or accomplishments that show your proficiency in the skills required for the job. 4. Summarize your abilities, accomplishments and skills into a brief, concise document. Considerations when writing a resume • Do be brief. Resumes should be 1-2 pages in length. • Do be upbeat and active in your wording. • Do emphasize what you have done clearly and concretely. • Do be neat and well organized. • Do have others proofread and critique your resume. Spell check. Make it error free. • Do use high quality, white or light colored 8½ x 11 paper. Use a laser printer if possible. • Don't be dishonest, always tell the truth about yourself in the most flattering light. • Don't include salary history or requirements. • Don't include references. • Don't include accomplishments that do not support your professional goals. • Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.) • Don't use italics, underlining, shadows or other fancy treatments. Seven steps to a successful interview 1. Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview? 2. Research –What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available? 3. Assess –Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight. 4. Prepare Answers –Think about what the interviewer may ask, determine what the best answer is and write it down. 5. Prepare Questions – Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks. 6. Practice – It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease. 7. Follow-up – Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage. Pay Transparency -Privacy Statement -