Vice President, Securitisation & ABS Credit Risk and Portfolio Management, Global Markets Credit, Australia
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Key points we found
* Responsible for credit underwriting and risk management of securitized lending portfolios.
* Conduct ongoing monitoring and develop critical reporting for structured lending transactions.
* Collaborate with origination teams to prepare underwriting materials and seek credit approvals.
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:
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.
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, risk management of structured lending transactions backed by various asset classes including Credit Cards, Auto Loans, Residential Mortgages, Equipment Loans and Leases etc.
* Partner with the Origination team in preparation of underwriting materials, manage overall creation and submission of credit approval memo (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 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 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.
Skills
ANALYTICAL SKILLS
CREDIT RISK ANALYSIS
INFLUENCING SKILLS
NEGOTIATION SKILLS
Licenses & certifications
CFA or FRM qualification
Master’s degree in Finance or Business Administration
Diversity and inclusion programs
Performance recognition
13 May 2025
Date posted
4 Mar 2025
Category
Banking, Superannuation & Finance
Occupation
Credit
Contract type
Permanent
Work type
Full time
Job mode
Hybrid work from home
Financial and Insurance Services
77-7777344 Default Company for Hong Kong
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Actual pay is not disclosed by the employer
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