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Bank of America Vice President, Securitisation & ABS Credit Risk and Portfolio Management, Global Markets Credit, Australia in Sydney, Australia Vice President, Securitisation & ABS Credit Risk and Portfolio Management, Global Markets Credit, Australia
Sydney, Australia
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 is core to how we drive Responsible Growth.
This includes our commitment to being a diverse and 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.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact.
Join us!
Job Description:
The Global Markets Credit (GMC) organization is responsible for credit underwriting, ongoing monitoring, and portfolio management of Global Markets (GM) financing and traded products transactions.
Based in Sydney, this role is responsible for credit underwriting and risk management of the securitized lending portfolio in Australia and New Zealand as undertaken in Specialty Finance / Asset-based Securitization (ABS) business.
The GMC Specialty Finance/ABS business focuses on non-recourse financing secured by asset-backed security assets (consumer loans, credit card receivables, auto loans, etc.)
and residential mortgage assets.
Role/Responsibilities:
Credit underwriting, approval, monitoring, and risk management of structured lending transactions backed by various asset classes including Credit Cards, Auto Loans, Residential Mortgages, Equipment Loans, and Leases.
Partner with the Origination team in preparation of underwriting materials, manage overall creation and submission of credit approval memos (CAM), approve CAMs, and secure risk approvals.
Due diligence of originators, sellers/servicers including reviewing their underwriting and servicing capabilities.
Ongoing monitoring of transactions including asset performance and aggregate portfolio surveillance data development, implementation, and production of critical reporting.
Communication with senior business and risk management personnel on specific transactions and key market developments.
Developing, establishing, and maintaining credit policies/procedures and limit frameworks, including underwriting and portfolio guidelines.
Qualifications:
5+ years Counterparty Credit experience covering securitized products and/or warehouse lending.
Structuring or origination experience in securitized products will be an added advantage.
Strong credit risk analysis and conclusion-oriented analytical skills.
Knowledge of products such as Intex/rating agency models or an understanding of internally developed cashflow models used to review securitization structures.
Master's degree in finance, Business Administration, or related fields.
CFA/FRM or other professional qualification will be highly preferred.
Strong organizational, oral, and written communication skills, with the ability to communicate effectively with all levels of risk, support, and business partners.
Ability to establish partnerships across the organization (Trading, Sales, Risk, and support partners) and build effective work groups, requiring strong influencing and negotiating skills.
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.
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