Job Description:

Job Title: Credit Risk Officer

Corporate Title: VP

Location: Paris

Company Overview:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Location Overview:

Based in the 8th arrondissement and within the Parisian Golden Triangle, our beautiful Art-Deco era office benefits from luxury modern workspaces, an abundance of natural light and is easily accessible by public transport.

Role Description:

As part of Global Banking & Markets, GCIB Credit manages and delivers the credit relationship for wholesale clients in accordance with the company’s growth strategy, risk appetite and underwriting standards. While we are an independent function, we work closely with various lines of business, relationship managers, product specialists and Risk.

Global Banking & Markets includes corporate banking, investment banking and sales & trading. The group provides services to large corporations, government entities and institutional investors. These services include mergers and acquisition advice, equity and debt capital raising, corporate lending, sales and trading in fixed income, commodities, currency and equities, risk management, research, and liquidity and payments management.

Responsibilities:

• Develop and maintain a deep understanding of the Global Banking & Markets product spectrum.

• Develop and maintain a deep understanding of the portfolio at the client, industry, and macro level to assess risk and craft value added solutions that balance risk.

• Assess the credit worthiness, including due diligence of prospective borrowers and/or trading counterparties and establish appropriate terms and conditions to mitigate risk.

• Structure transactions and negotiate credit documentation including; credit agreements, amendments, derivative documentation.

• Ensuring granularity of the portfolio with specific reference to targets for net country/credit capital, legally binding commitments, total exposure and asset quality.

• Establish appropriate internal risk ratings for clients and implement accurate adjustments throughout the client’s credit life cycle.

• Develop, maintain, and manage internal relationships with business partners including Corporate and Investment Bankers, Sales & Trading, Risk Management, Syndications, and Legal.

• Participate in strategic projects to support business goals.

• Providing leadership and management within the team, comprising Associates and Analysts.

What we are looking for:

• Credit skills and risk judgement/Knowledge of EMEA market and specific industry sectors, structuring and documentation.

• Corporate Finance perspective and drives deal selection, screening and transaction management process.

• Accomplished negotiator with good foundation in relative value assessment and risk mitigation techniques.

• Understanding of credit risk sensitivities in the portfolio and risk drivers of the exposures.

• Sound product/technical and process knowledge across lending and derivative (FX, rates, commodities and equities) products.

• Ensuring that the portfolio and credit management process are at all times rated "satisfactory" by internal auditors, the Credit Review group and external Regulators.

• Acting as an agent of change/improvement, influencing corporate policy/procedure and projecting a positive strategic vision.

• Commercial mindset to support value added discussions with the clients and Relationship Managers.

• Extensive credit risk experience at a major international financial institution, analysing, assessing companies in different sectors and structuring transactions.

Skills that will help:

• Fluency in use of all Microsoft Office applications, particularly Excel.

• Effective interpersonal and communication skills with ability to resolve issues in a professional and timely manner working in a team.

• Strong organizational skills with ability to prioritize and work under pressure to ensure to meet deadlines.

• Fluency in English. Additionally, another European language skills beneficial.

Benefits of working at Bank of America – France

• Competitive retirement plan in addition to State plans

• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers

• Life and disability insurance

• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later

• Reimbursement of 50% of your commuter pass

• Nursery scheme for children under age 3

• Works council benefits

• Access to an Employee Assistance Programme for confidential support and help for everyday matters

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities

• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

Bank of America:

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender/sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, membership of the Traveller community, age, sexual orientation, pregnancy or maternity, civil status, socio-economic background, responsibility for dependants, family status or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.