Oct 15 (Reuters) - Bank of America ( BAC ) is among a

consortium of lenders to bankrupt U.S. auto parts supplier First

Brands, but the loans are backed by strong collateral, Chief

Financial Officer Alastair Borthwick said on Wednesday.

"We're in the syndicated loan for the First Brands deal,"

Borthwick told reporters on a call. "That is an asset-backed

loan. So when we think about prudent risk management, we're

thinking about the borrower, we're thinking about the

collateral, and here, we're secured."

The bankruptcies of First Brands and car dealership Tricolor

have prompted soul searching on Wall Street, with JPMorgan Chase

saying it re-examined its controls after finding itself

exposed.

Bank of America ( BAC ) does not have exposure to Tricolor.

(Reporting by Saeed Azhar in New York and Pritam Biswas in

Bengaluru)