EU Funds Credit and Portfolio Oversight Lead Paris, France **Job Description:** **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:** Enterprise Credit delivers and manages the credit relationship for wholesale clients in accordance with Bank of America’s growth strategy, risk tolerance and underwriting standards. Enterprise Credit is responsible for analysing and underwriting debt financing solutions and derivative strategies. Within Enterprise Credit our team covers Global Markets clients. We are a standalone team working closely with product specialists, relationship managers and the Risk Management function. The EU Funds Credit and Portfolio Oversight role within Global Markets Credit’s Paris location is responsible for approving and providing oversight of counterparty risk for the banks’ markets counterparties, including Global Hedge Funds, Regulated Funds, and Financial Market Utilities, operating through our local European entities. In addition there will be direct coverage (underwriting and ongoing monitoring) of specific Funds relationships, trading with our Paris Legal Entity. The individual will be part of a global Funds Credit team located in London, Paris, New York and Hong Kong. **Responsibilities:** + Providing risk approval and portfolio oversight of Global Funds exposures booked into the Paris Legal Entity. + Delivering a resolute operating environment in adherence with policies and procedures and in compliance with metrics + Serving as a local escalation point on risk and other issues for EMEA Funds + Contributing and participating in portfolio reviews, forums and risk meetings focused on the legal entity and overall Global Funds exposure and for a robust risk culture and environment + Supporting responses to regulatory inquiries, including through participation in meetings and presentations + Managing stakeholder relationships and partnering with Risk Management, Sales, Trading. Agreement & Documentation, and Operations + Managing a portfolio of EMEA based fund clients from on-boarding through to underwriting/credit approval and ongoing risk management including; + Detailed written analysis of fund clients demonstrating a good understanding of investment strategies, liquidity, leverage and volatility. + Perform qualitative and quantitative credit assessment of clients and their trading exposure including stress and sensitivity analysis. + Conduct credit due diligence calls with clients and prepare written due diligence assessments for risk management review + Propose risk-based limits based on assigned internal counterparty rating + Approval of daily trade flow including the calculation and application of Initial Margin **What we are looking for:** + Extensive experience in a counterparty credit risk role underwriting hedge funds, regulated funds, and/or financial institutions and/or prime brokerage experience + Experience building relationships with both internal and external at all levels of seniority. + Substantial knowledge of hedge funds and regulated funds, their strategies and associated risks. + A substantial understanding of Global Markets and derivative products risk and risk management + Sense of ownership and communication skills across stakeholders + Problem solver, ability to handle issues in a timely manner **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 sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants 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. 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. To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) . View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) . 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. To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE . 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.