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Associate – Portfolio Management, Real Estate Structured Finance

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Associate – Portfolio Management, Real Estate Structured Finance

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myGwork - LGBTQ+ Business CommunityThis job is with Bank of America, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

Job Description

Job Title: Portfolio Management

Corporate Title: Associate

Location: London

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. 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!

Location Overview:

Our London office is based just a stone''s throw from the magnificent St. Paul''s Cathedral on bustling King Edward Street. Here you''ll find modern workspaces and a state-of-the-art auditorium space. In addition, we''re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

The Team

EMEA Mortgages is part of Global Mortgages, itself a product within Global Markets. The Real Estate Structure Finance (RESF) team within EMEA Mortgages, while a "trading desk" is private side with a hybrid banking / Fixed Income Currency and Commodities (FICC) lens that is focused on originating and structuring loans backed by commercial real estate assets across a range of asset types. The team acts as principal in respect of these loans with a view to distributing risk in the securities and loan marketBofA''s RESF team is a top-ranked real estate lending and securitisation platform. We have won numerous awards, including Global Capital''s CRE and CMBS Bank of the Year multiple times, Real Estate Capital''s "Bank Lender of the Year" as well as "Syndication House of the Year", IFR Awards "EMEA Structured Finance House of the Year" plus numerous single transaction awardsThe EMEA Mortgages origination desk is complemented by (i) the EMEA mortgages analytics (ii) sales and (iii) secondary trading platforms (the last two being public side)The origination strategy is focused on cross collaboration with Global Corporate and Investment Banking, targeting key global relationship clients of the Bank

Role Description

We are looking for a junior Portfolio Manager to join our London based RESF team. Portfolio Management is an integral part of EMEA RESF and working alongside loan structures to provide a centralised management of the loan facilities originated by EMEA RESF. At closing, loans are generally placed on BofA''s balance sheet and whether the loan is designated Held for Investment (HFI) or Held for Sales (HFS). The team is responsible for monitoring of the loan and collateral.

Responsibilities

Closing/booking of the new transactions:

Various system inputs and filing of deal related legal documentsWorking closely with Loan Operations Team, Treasury and Liquidity partners to ensure smooth funding of loan facilitiesActing as the key point of contact for clients and Anti-Money Laundering On-boarding Team for all KYC related mattersDrafting of the loan transfer documentsBooking of loan trades in the system and liaising with Facility Agents, counterparties and loan operations for successful settlement of the loan tradesWorking closely with the deal team in respect of closing of CMBS issuancesAnnual Liquidity Facility extensions

Loan Reporting And Monitoring

Provide system inputs of the transactional level information which is used to assess the Portfolio.Updating and monitoring internal systems for completeness of transaction information and borrower reportingPreparation and distribution of Portfolio List Report, Monthly Exposure Report, Portfolio Credit Review information pack and other ad hoc portfolio reports and management presentations

What We Are Looking For

CollaborationOral CommunicationsPresentation SkillsRelationship BuildingWritten CommunicationsAttention to DetailCustomer and Client FocusNegotiationPrioritizationProblem SolvingIntegrity and strong work ethicAbility to take ownership of tasks givenGood numeracy skillsGood working knowledge of ExcelBachelor''s Degree in related field or equivalent work experience

Skills That Will Help

Stamina, drive and self-motivationPrevious loan documentation / commercial real estate experience is a plus

Benefits Of Working At Bank Of America

UK

At Bank of America, we strive to prioritise employees'' health and wellbeing - it''s what makes us a Great Place to Work.

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.

We offer 26-weeks paid maternity leave, 16-weeks paid paternity leave and inclusive family leave arrangements for working parents and carers including 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum.

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, cycle to work etc.

Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan.

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 and 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.

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.Seniority level

Seniority level Entry levelEmployment type

Employment type Full-timeJob function

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