Credit Manager I-Global Markets Credit
Chicago, Illinois;New York, New York; Charlotte, North Carolina
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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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
Global Markets Credit (GMC) organization is responsible for credit underwriting, ongoing monitoring and portfolio management of Global Markets (GM) financing and traded products transactions. GMC is a global organization, which partners directly with Global Markets FLU teams in relation to client selection, structuring and underwriting activities to drive revenue growth while maintaining appropriate risk disciplines. GMC also coordinates engagement with key control partners including Global Risk, Credit Review and Audit to accordance with our Risk Framework.
This role is responsible for leading a team that supports Asset Manager Credit Officers on a daily basis in the underwriting, monitoring and management of their portfolios. The end-to-end process involves client onboarding, credit underwriting, ongoing monitoring and portfolio management of traded products transactions. The lead acts as a primary liaison with the credit teams, operations, and other business partners. Handles more complex opportunities and takes a greater leadership role in supporting the clients' needs. Provides coaching to associates when dealing with day-to-day support activities. Employees that achieve success in this role often demonstrate the following attributes: attention to detail, self-motivation, and learning agility.
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.
Opportunity & Inclusion Champion: Creates an inclusive team where members are treated fairly and respectfully.
Manager of Process & Data: Demonstrates and expects process knowledge, data driven decisions, simplicity and continuous improvement.
Enterprise Advocate & Communicator: Delivers clear and concise messages that motivate, convey the "why" and connects contributions to business results.
Risk Manager: Leads and encourages the identification, escalation and resolution of potential risks.
People Manager & Coach: Knows and develops team members through coaching and feedback.
Financial Steward: Manages expenses and demonstrates an owner's mindset.
Enterprise Talent Leader: Recruits, on-boards and develops talent, and supports talent mobility for career growth.
Driver of Business Outcomes: Delivers results through effective team management, structure, and routines.
Responsibilities:
Lead, coach, and develop Credit Support Associates, providing day-to-day direction on priorities, workflow, and deadlines
Review outputs to ensure accuracy, completeness, and alignment with policy
Act as escalation point for complex issues and support team decision-making
Oversee underwriting support, monitoring, and portfolio management activities for traded products transactions
Guide preparation of monitoring materials, including covenant tracking and deliverable management
Ensure financial statements, NAVs, and other requirements are sourced and tracked in accordance with credit documentation
Oversee onboarding activities and review client and transaction documentation
Extract and track key terms, covenants, and reporting requirements
Partner with Operations to ensure accurate trade booking and lifecycle management
Manage pre- and post-closing activities
Identify and resolve data quality issues across credit and risk systems
Oversee monitoring ticklers and portfolio tracking requirements
Drive process improvements and enhance workflow efficiency, including leveraging tools such as Microsoft 365 Copilot
Ensure adherence to credit policies, procedures, and risk standards
Required Qualifications:
3+ years of experience in institutional banking or Global Markets, with knowledge of traded products
Experience leading or mentoring team members
Familiarity with industry documentation (e.g., ISDA, MSFTA, Repo Agreements, MRA, Credit Agreements)
Strong technical proficiency in Microsoft Word, Excel, and PowerPoint; experience with credit/risk systems preferred
Ability to interpret data across multiple systems and support underwriting and monitoring activities
Desired Qualifications:
Understanding of market risk concepts, including Stress Gap, Potential Exposure, and Point of Weakness
Strong interpersonal and influencing skills, with the ability to collaborate effectively across Credit, Operations, and business partners
Experience reviewing fund prospectuses and interpreting key risk considerations
Familiarity with credit and risk systems
Experience using automation and analytical tools (e.g., Microsoft 365 Copilot, BI tools) to enhance efficiency and insights
Demonstrated ability to manage large datasets and identify trends, inconsistencies, and process improvement opportunities
Strong understanding of traded product exposure flows and how transactions impact credit and market risk profiles
Bachelors Degree
Skills:
Attention to Detail
Financial Accounting
Financial Analysis
Performance Management
Coaching
Credit and Risk Assessment
Decision Making
Portfolio Analysis
Written Communications
Continuous Improvement
Critical Thinking
Hiring and Onboarding
Influence
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
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.
View your "Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088\EEOC\KnowYourRights6.12.pdf) " poster.
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
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.
