Credit Asset Finance Credit Officer-Global Markets Credit
New York, New York
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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. 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!
Job Description:
This job is responsible for managing clients and related credit products, partnering closely with relationship management, sales/trading, treasury management, operations and risk teams to support the client relationship. Key responsibilities include underwriting, monitoring, managing operational needs and/or client requests. Job expectations include credit-focused client management responsibilities, independent thought leadership, strong leadership skills, the ability to provide feedback to less experienced teammates and may also manage a team.
Global Markets Credit ("GMC") is responsible for executing robust and consistent credit underwriting for Global Markets lending activities within the first line of defense.The Credit officer leads core credit underwriting and ongoing portfolio management functions for the US Credit Asset Finance ("CAF") portfolio. The Facilities are offered to credit and equity funds, collateralized by syndicated loans, private credit loans, private equity stakes, and other bespoke collateral packages.
Responsibilities:
Partners with relationship management and product partners to assess clients' credit needs and create solutions
Leads loan structure conversations and negotiates loan documentation with clients and internal/external legal partners
Drives credit and risk approval processes for new credit originations, renewals, increases, and modifications
Leads ongoing monitoring efforts for a portfolio of clients in compliance with regulations, policy and procedure
Drives the growth of funded loans and revenue while mitigating risks, maintaining asset quality and adhering to regulatory requirements
Serves as an escalation point for complex credit transactions
Mentors and supports associates
Key responsibilities will include vetting and approving transactions in the deal screenings and driving term negotiation, diligence, and credit committee processes.
Review and potentially challenge all elements of transactions including client selection, structure, collateral, and cashflow stress analysis.
Post-close, the role will have responsibility for ongoing deal and portfolio monitoring and will exercise credit approval authority for new deals, amendments, waivers, renewals, and extensions.
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Required Qualifications:
-8+ years of experience in financial services with one or more of the following: Commercial Credit Underwriting and/or credit risk management, structuring, loan origination, public rating agencies, and securitization.
-Familiarity with securitization structures and an understanding of macroeconomic drivers.
-The candidate will likely have had experience of reviewing lending or debt transactions including securitization or collateral based lending facilities and derivatives.
-Candidate should exhibit strong analytical skills, personal drive, individual initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility
-Proficiency with Word, Excel and PowerPoint, along with ability to quickly learn new programs and applications
Desired Qualifications:
Bachelor's degree required; Finance, Accounting, or Economics majors preferred with strong academic credentials.
Skills:
Business Acumen
Coaching
Decision Making
Hiring and Onboarding
Loan Structuring
Collaboration
Credit Documentation Requirements
Oral Communications
Risk Management
Written Communications
Change Management
Client Solutions Advisory
Executive Presence
Organizational Effectiveness
Underwriting
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
