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.
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Job Description:
Enterprise Credit (EC) is responsible for underwriting credit products for clients in Bank of America's Global Corporate and Investment Bank (GCIB). EC partners with teams across GBAM including Corporate and Investment Banking, Sales & Trading and Global Treasury Management to drive revenue growth while maintaining appropriate risk disciplines specific to GCIB's corporate credit portfolio. Integral to EC's mission is to effectively manage and monitor the credit and market risks inherent in Large Corporate and the Financial Institutions portfolio. Additionally, oversight of local Mexico regulatory responsibilities related to credit portfolio.
This is an opportunity to join the Mexico GCIB Credit team, in a role focused on the oversight and coordination of BAMSA's Credit regulatory activities. This position has the potential to expand into regional projects across LATAM.
Responsibilities:
- As Mexico Credit Regulatory Lead, you will be accountable for the oversight and coordination of BAMSA's Credit regulatory activities
- Oversee production, verification and accuracy of submission for Credit regulatory reports
- Perform required attestations of key regulatory routines to sr. regional management
- Monitoring and track of regulatory requirements and changes, including impact assessments, and ensure compliance through implementation of controls
- Identify process and/or control gaps and implementation of remediation plans
- Coordinate with GBAM Lines of Business and the various support groups on cross-functional regulatory tasks / projects
- Provide support to local GCIB Mexico Credit Head and LATAM Credit Head, including, but not limited to, strategic planning, issues tracking and leadership of credit regulatory committees
- Engage in other credit related activities including strategic projects to support business goals and presentations to senior management
- Participation in ad-hoc projects across multiple functions in Latin America
Required Competencies and Skills:
- Professional with at least 5 years' experience of regulatory activities and interaction with both internal and external auditors
- Strong English speaker
- Proven experience leading local teams to deliver within deadlines
- Ability to identify, escalate and discuss issues
- Experience in developing and implementing new policies and controls
- Analytical thinking and detail oriented
- Knowledge in credit fundamentals
- Effective interpersonal and collaboration skills with ability to make decisions and resolve issues in a professional and timely manner
- Leadership and communication skills, capable of talking to different org levels and in different forums