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Vice President; Credit Sr. Officer

AT Bank of America
Bank of America

Vice President; Credit Sr. Officer

New York, NY

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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Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

RESPONSIBILITIES:

  • Independently develop high quality credit analysis with a focus on business rationale, key risks, sources of repayment, projections and returns & profitability.
  • Participate in preparation of underwriting materials, manage overall creation and submission of credit approval memo (CAM), approve CAMs and secure risk approvals.
  • Establish appropriate internal risk ratings for clients and implement accurate risk rating adjustments throughout the life of the loan.
  • Independently assess new credit request, balance risk/return and make justifiable recommendations.
  • Communicate with senior business and risk management personnel on specific transactions and key market developments.
  • Develop and maintain financial models to analyze trends, including cash flow, leverage buyout, cost of capital analysis, ability-to-pay, value-creation, operating models, and 3-statement models.
  • Research and analyze trends across sectors and capital structures.
  • Conduct research using Bloomberg, Moody's, S&P and other financial databases to analyze market data and competitive dynamics.
  • Support origination, structuring and deal execution, and working on a broad scope of committed financing assignments for leveraged finance clients.
  • Participate in the credit committee approval process, including due diligence, credit analysis and communication with the Risk team.
  • Remote work may be permitted within a commutable distance from the worksite.

REQUIREMENTS:

  • Master's degree or equivalent in Business Administration, Finance, Economics, or related; and
  • 3 years of experience in the job offered or a related finance occupation.
  • Must include 3 years of experience in each of the following:
  • Developing and maintaining financial models to analyze trends, including cash flow, leverage buyout, cost of capital analysis, ability-to-pay, value-creation, operating models, and 3-statement models;
  • Researching and analyzing trends across sectors and capital structures;
  • Conducting research using Bloomberg, Moody's, S&P and other financial databases to analyze market data and competitive dynamics;
  • Supporting origination, structuring and deal execution, and working on a broad scope of committed financing assignments for leveraged finance clients; and,
  • Participating in the credit committee approval process, including due diligence, credit analysis and communication with the Risk team.

If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number.

EMPLOYER: Bank of America N.A.

Shift:
1st shift (United States of America)

Hours Per Week:
40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$275,000.00 - $285,000.00 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.

Client-provided location(s): New York, NY, USA
Job ID: BankOfAmerica-JR-24044345
Employment Type: Full Time

Perks and Benefits

  • Health and Wellness

    • FSA
    • HSA
    • On-Site Gym
    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
  • Parental Benefits

    • Non-Birth Parent or Paternity Leave
    • Birth Parent or Maternity Leave
  • Vacation and Time Off

    • Leave of Absence
    • Personal/Sick Days
    • Paid Holidays
    • Paid Vacation
    • Sabbatical
  • Financial and Retirement

    • Performance Bonus
    • Company Equity
    • 401(K) With Company Matching
  • Professional Development

    • Promote From Within
    • Mentor Program
    • Access to Online Courses
    • Lunch and Learns
    • Tuition Reimbursement
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program