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:
This job is responsible for managing, monitoring, and documenting credit risk for a portfolio of clients. Key responsibilities include monitoring changes in credit profiles, compliance with credit agreements as well as structuring and underwriting new financing solutions across the Global Banking and Markets product spectrum. Job expectations may include assessing risk solutions which adhere to the bank's risk appetite and risk strategies and coaching and leading team members.
The Senior Credit Officer will be responsible for managing a portfolio of corporate and commercial clients, which includes conducting financial analysis, tracking portfolio company performance, assessing ongoing creditworthiness and assisting in the origination, negotiation and structuring of senior bank debt and related credit products. The Senior Credit Officer will be expected to build extensive knowledge of each client drawing upon in-depth research and industry expertise. As a member of Enterprise Credit, you will work closely with professionals throughout Risk and Global Banking and Markets, particularly colleagues in Corporate Banking / Relationship Management, Trading (primarily FX and Interest Rate Swaps), Treasury Management and Syndications (investment grade and leveraged finance). Responsibilities also include qualitative and quantitative due diligence on industry and company factors. Additional responsibilities are as follows:
Responsibilities:
- Oversees and assesses the credit worthiness of borrowers based on due diligence findings, financial statement analysis, forecasting, analysis of company and industry risks, terms and conditions, and relationship profitability to provide high quality credit approval to Corporate Banking, Investment Banking, Global Markets, and Treasury
- Exercises Delegated Approval Authority using sound judgment and expertise to make approval decisions for the business including new lending limits, structuring and negotiating deal terms, credit worthiness, annual reviews and renewals, risk ratings, and breach actions
- Acts as a senior coverage team resource supporting ongoing credit matters and asset quality, maintaining adherence to the bank's risk appetite and risk strategies to mitigate losses while identifying opportunities to responsibly growing the loan portfolio
- Leads new credit originations in coordination and collaboration with the coverage teams including Relationship Managers, Risk, Syndications, Treasury, and all other product partners
- Negotiates and structures legal documentation related to loans and derivatives
- Establishes appropriate internal risk ratings for clients and implements accurate adjustments throughout the client's credit life cycle
- Trains, coaches, and mentors Credit Analysts and Associates
- This position may also have responsibilities for managing associates.
Required Qualifications:
- 9+ years Corporate credit experience
- Strong understanding of accounting and corporate finance
- Strong understanding of legal credit agreements
- Strong knowledge of ancillary bank products (treasury, cash management, derivatives)
- Strong business writing skills
- Ability to coach junior teammates
Desired Qualifications:
- Specific experience within Technology, Media, Telecom & Gaming industries a bonus
- Bachelor's Degree
Skills:
- Analytical Thinking
- Credit and Risk Assessment
- Financial Analysis
- Loan Structuring
- Underwriting
- Attention to Detail
- Business Acumen
- Financial Forecasting and Modeling
- Research Analysis
- Written Communications
- Business Development
- Collaboration
- Critical Thinking
- Portfolio Analysis
- Stakeholder Management
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - CA - San Francisco - 555 California St - Bofa Center - 555 California (CA5705), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
Pay range
$125,000.00 - $250,000.00 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.