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. 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.
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Job Description:
Responsible for managing the asset based finance credit/portfolio management function within a major geographical region. Develops objectives and procedures and policies in accordance with corporate objectives. Ensures sustained earnings through a well structured loan portfolio.
The AB Senior Portfolio Manager is an experienced credit professional capable of independent activity on complex and sensitive transactions to include private equity sponsor transactions with I-Bank term loans; international transactions; large corporate, middle market and business banking transactions; related products and services; and work-outs. The AB Senior Portfolio Manager leads a team of Portfolio Managers, Credit Officers, Portfolio Management Officers and Analysts who partner with business development officers, relationship managers, underwriters and/or product specialists and are responsible for structing, analyzing, underwriting, negotiating, documenting, closing and monitoring ABL and related transactions. The AB Senior Portfolio Manager and team interface directly with clients, financial sponsors and intermediaries (legal counsel, outside accountants, turnaround consultants, field examiners, etc.). This role is non-registered.
Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.
- Diversity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company D&I goals.
- Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.
- Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.
- Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.
- People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.
- Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability.
- Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
- Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank's capabilities to meet client needs and to gain competitive advantage.
Required Qualifications:
- 8+ years ABL Structuring and Underwriting experience.
- Significant ABL industry knowledge required.
- Deep knowledge and understanding of ABL loan documentation with ability to quickly review and analyze loan documents.
- Must be able to establish and maintain collaborative partnerships.
- Ability to work as a player/coach.
- Ability to successfully mentor and train direct reports.
- Demonstrates strong leadership abilities that fosters win-win solutions that build trust.
- Demonstrates deep and broad business acumen - a strong ABL professional with extensive technical skills.
- Easily navigates multiple client and support organizations.
- Demonstrates sound judgment and acts with speed - able to achieve results quickly.
- Ability to multi-task and work on numerous open transactions simultaneously.
- Knowledge of International ABL parameters is desired.
Desired Qualifications:
- BA Degree or commensurate work experience
Skills:
- Decision Making
- Executive Presence
- Inclusive Leadership
- Problem Solving
- Underwriting
- Active Listening
- Coaching
- Drives Engagement
- Financial Analysis
- Loan Structuring
- Collateral Management
- Critical Thinking
- Negotiation
- Prioritization
- Written Communications
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - CT - Hartford - 185 ASYLUM ST - CITY PLACE 1 (CT2500), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
Pay range
$175,000.00 - $374,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.