Product Specialist II-Global Markets Credit-Lending Portfolio Mngt
New York, New York
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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 an 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.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
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 Portfolio Management Team is responsible for reporting, data analysis, and portfolio management of the GMC lending and trading portfolios. The Associate Lending Portfolio Manager will be responsible for the creation, maintenance and improvements of reports and the analysis and presentation of data under the aggregate GMC scope.
As a Lending Portfolio Manager (PM), you will be integral in delivering credit risk reporting, data analysis, portfolio reviews, and presentations on the GMC lending portfolio. The Associate will contribute to a robust monitoring environment through analysis and written updates to management. You will work closely with colleagues in the Global Markets business, Risk, GMC Credit Officers, and other Portfolio Managers.
Responsibilities:
Broaden product knowledge across Global Markets and develop a strong understanding of the lending portfolio
Analyze portfolios to identify key movements and conduct deeper investigation where needed
Prepare and deliver critical risk reporting with accuracy and timeliness to support a strong risk monitoring environment
Write effective summaries and presentations to complement reporting and data
Partner with credit officers and other stakeholders to adapt or provide reporting, data analysis and data solutions
Coordinate and contribute to presentations in response to regulatory and senior management requests
Produce ad hoc reporting and presentations to meet emerging business needs and respond to shifts in the risk 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
Demonstrate a strong control environment by incorporating checks and creating and maintaining process documentation
Support enterprise initiatives and partner with applicable stakeholders across the firm on emerging topics
Required Qualifications:
2+ years financial reporting experience.
Ability to understand and synthesize complex data sets.
Ability to work across multiple systems and data to design efficient reporting and processes.
Proficiency in Word, Excel, and PowerPoint, along with ability to quickly learn new programs and applications.
Has experience with improving and streamlining processes and troubleshooting independently.
Desired Qualifications:
BA/BS Desired
Proficiency in Alteryx, Tableau, SQL, and/or Python is a plus.
Skills:
Data Collection and Entry
Data and Trend Analysis
Research Analysis
Analytical Thinking
Collateral Management
Issue Management
Policies, Procedures, and Guidelines Management
Negotiation
Research
Risk Management
Oral Communications
Written Communications
Attention to Detail
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
Shift:
1st shift (United States of America)
Hours Per Week:
40
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, 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.
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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.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
