Bank of America
Credit Sr Officer/Credit Risk Officer-General Industrials
Bank of America, Chicago, Illinois, United States, 60290
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.
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!
Job 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.
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 and risk ratings.
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 grow 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.
Structuring, underwriting, negotiating, documenting and managing credit risk associated with all banking products for a designated client portfolio.
Leading internal discussions and completing credit approval memorandums that summarize the merits and risks of a transaction based on due diligence findings, financial statement analysis, financial forecasting, assessments of terms and conditions, analysis of company and industry risks, and relationship profitability.
Interfacing with internal control partners and external regulators.
Required Qualifications:
10+ years experience in commercial and/or corporate banking credit for Credit Sr Officer, 7+ years experience in commercial and/or corporate banking credit for Credit Risk Officer.
Robust understanding of corporate finance and accounting concepts.
Strong negotiating and presentation skills.
Proficient Microsoft Suite skills.
Ability to work with multiple business partners and display excellent relationship management skills.
Desired Qualifications:
BA Degree with concentration in Finance, Accounting or Economics.
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
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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.
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!
Job 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.
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 and risk ratings.
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 grow 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.
Structuring, underwriting, negotiating, documenting and managing credit risk associated with all banking products for a designated client portfolio.
Leading internal discussions and completing credit approval memorandums that summarize the merits and risks of a transaction based on due diligence findings, financial statement analysis, financial forecasting, assessments of terms and conditions, analysis of company and industry risks, and relationship profitability.
Interfacing with internal control partners and external regulators.
Required Qualifications:
10+ years experience in commercial and/or corporate banking credit for Credit Sr Officer, 7+ years experience in commercial and/or corporate banking credit for Credit Risk Officer.
Robust understanding of corporate finance and accounting concepts.
Strong negotiating and presentation skills.
Proficient Microsoft Suite skills.
Ability to work with multiple business partners and display excellent relationship management skills.
Desired Qualifications:
BA Degree with concentration in Finance, Accounting or Economics.
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
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