Business Support Lead III - GCIB Credit

Business Support Lead III - GCIB Credit

Full-Time 63000 - 77000 £ / year (est.) No working from home possible
Bank of America Corporation

At a Glance

  • Tasks: Support the GCIB Credit COO team with governance, reporting, and process improvement.
  • Company: Join Bank of America, a leader in financial services with a culture of inclusivity.
  • Benefits: Enjoy private healthcare, competitive pension, flexible benefits, and mental health support.
  • Other info: Opportunities for career growth and community involvement through volunteering.
  • Why this job: Make a real impact in a dynamic environment while developing your skills.
  • Qualifications: 3-5 years in business support or related fields; strong analytical and communication skills.

The predicted salary is between 63000 - 77000 £ per year.

We have an exciting opportunity to join the Global Corporate and Investment Banking (GCIB) Credit Chief Operating Officer (COO) team.

The GCIB Credit COO team provides business support to the GCIB Credit function, which manages and delivers the credit relationship for wholesale clients, including Corporates, Financial Institutions, and Non-Bank Financial Institutions.

The team supports the business in delivering against the company's growth strategy while operating within established risk appetite and underwriting standards.

Although the COO team operates as an independent function, it works closely with business partners across the organisation, including Relationship Managers, Product Specialists, Risk, Compliance, Audit, Operations, and Technology teams.

The GCIB Credit COO team is responsible for a diverse range of activities supporting a large and complex global business.

Responsibilities include regulatory adherence processes, audit and compliance coordination, project management and delivery, issue remediation, process improvement initiatives, technology implementation, and supporting the deployment and governance of policies and procedures.

Roles within the GCIB Credit COO team require close collaboration with senior management to evaluate existing processes, identify opportunities for improvement, and support strategic change initiatives.

Successful candidates will develop a strong understanding of GCIB Credit activities, regulatory requirements, and the broader banking environment, while gaining exposure to a wide range of business and operational disciplines.

The GCIB Credit COO team is highly regarded and brings together professionals from a variety of backgrounds, including underwriting, finance, operations, business support, and data management.

As a result of changes to our EMEA legal entity booking model arising from CRD6 requirements, the volume of EEA borrower activity booked into Bof A Europe DAC is expected to increase significantly.

To support this growth and ensure continued adherence to regulatory requirements and legal entity governance standards, additional resources are required within the GCIB Credit COO team.

Role Responsibilities The Business Support Associate will be an integral member of the GCIB Credit COO team, with an initial focus on supporting activities related to EMEA legal entity governance and reporting.

Key responsibilities will include

  • Role Responsibilities
  • Supporting the day-to-day management of EMEA legal entity booking selection approvals.
  • Performing reconciliations and reporting for facilities within Risk Appetite Statement (RAS) scope.
  • Supporting pipeline tracking and legal entity reporting activities.
  • Assisting with CRD6-related project delivery and implementation activities.
  • Producing management information and reporting to support business governance processes.
  • Working with stakeholders across GCIB, Credit, Risk, Operations, Finance, Compliance, and Technology teams.

Over time, the role is expected to expand into broader GCIB Credit COO responsibilities, including:

  • Supporting the development, maintenance, and communication of Front Line Unit (FLU) procedures and guidance.
  • Serving as a point of contact and subject matter expert for designated processes and regulatory requirements.
  • Supporting the monitoring and testing of controls through data analysis, issue identification, and remediation activities.
  • Assisting with regulatory examinations, internal audits, monitoring activities, and inspection reviews.
  • Supporting governance forums through the preparation of management information, metrics, and dashboard reporting.
  • Providing guidance and support to stakeholders to ensure adherence to internal policies, procedures, and regulatory requirements.
  • Contributing to process improvement initiatives and the implementation of operational efficiencies.

Benefits

  • Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
  • Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
  • 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
  • The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
  • Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
  • Access to an Employee Assistance Program for confidential support and help for everyday matters
  • Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
  • Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK's most iconic cultural institutions and exhibitions.
  • Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.
  • Employer Commitment
  • Bank of

America: Good conduct and sound judgement 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.

Requirements

  • 3 to 5 years of experience in business support, credit, risk management, operations, finance or a related function.
  • Demonstrated ability to learn quickly and adapt to changing priorities.
  • Strong proficiency in Microsoft Outlook, Excel, Power Point, Share Point, and Teams.
  • Interest in leveraging AI and emerging technologies to improve efficiency and enhance day-to-day processes.
  • Ability to work independently while effectively managing multiple priorities and deadlines.
  • Strong communication, collaboration, and stakeholder management skills.
  • Highly organised with strong attention to detail.
  • Strong analytical and problem-solving skills, with a high regard for data quality and accuracy.
  • Desired Qualifications
  • Basic knowledge of syndicated loan agreements
  • Ability to lead and execute deliverables while maintaining a positive and resilient approach during periods of pressure, change, or ambiguity.
  • Experience using AI tools, including Microsoft Copilot, to support business activities and productivity improvements.
  • Excellent verbal and written communication skills, with the ability to engage effectively with senior leadership, Compliance, Audit, Credit Review, and other key stakeholders., Bachelor's degree or equivalent professional experience.
  • About Bank of America

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 and providing a culture of caring is core to how we drive Responsible Growth.

We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success.

This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences.

These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development.

Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact.

Join us!

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Business Support Lead III - GCIB Credit employer: Bank of America Corporation

At Bank of America Bromley, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to excel. As a Senior Data Platform Engineer, you will not only have the opportunity to work with cutting-edge technologies like Spark and Kubernetes but also benefit from extensive professional development and mentorship programmes. Our commitment to employee growth, combined with a supportive team environment, makes us an exceptional employer for those looking to make a meaningful impact in the financial sector.

Bank of America Corporation

Contact Details:

Bank of America Corporation Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Business Support Lead III - GCIB Credit

Tap into Campus Networks

If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.

Get Certified

Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.

Connect on Professional Platforms

Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.

Apply Directly and Be Proactive

Don’t shy away from reaching out directly to firms like Bank of America Corporation. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.

We think you need these skills to ace Business Support Lead III - GCIB Credit

Business Support
Credit Management
Risk Management
Operations
Finance
Regulatory Adherence
Project Management

Some tips for your application 🫡

Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.

Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Bank of America Corporation.

Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.

Research and Reflect:Before hitting that 'apply' button on Bank of America Corporation's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!

How to prepare for a job interview at Bank of America Corporation

Brush Up on Financial Analysis Skills

Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Bank of America Corporation.

Prepare for Case Studies

Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.

Show Your Passion for Finance

Since this is a full-time position, employers at Bank of America Corporation will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.

Network with Industry Professionals

Before your interview, reach out to current or former Bank of America Corporation employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.