Canada | Toronto | Credit Service Operations CO-OP | Winter 2027

Bank of America Corporation; Toronto; On-site; CAD 25,000 - 30,000; Part time

Job summary

Bank of America Merrill Lynch in Toronto is offering a Winter 2027 Credit Service Operations CO-OP. The role supports loan servicing for a complex Corporate and Commercial credit portfolio under supervision, delivering high quality service to agents, lenders, borrowers and internal teams.

As a CO-OP student you will learn credit documentation, servicing processes and loan platforms, assist with portfolio QA, and help with administrative tasks while developing a foundation in corporate credit

Qualifications

• Pursuing university degree with preference to finance or math and superior academic achievement
• Strong analytical and problem-solving skills
• Attention to detail and ability to accurately act on detailed instructions under pressure
• Proficient in Microsoft Office (Word, Excel, PowerPoint)
• Ability to work independently as well as in a team environment
• Excellent verbal and written communications and organizational skills
• Ability to manage multiple tasks and flexibly adapt in a fast paced and challenging environment adjusting to evolving business needs

Responsibilities

• Service loan requirements for a global and regional corporate and commercial credit portfolio, acting in agency, participant, and sole lender roles
• Process loan accounting entries, commitment and loan records, loan statements, interest and fee billings, intra-day wire account reconciliations
• Review and adhere to credit portfolio legal documentation, corporate documents, credit approvals and policies and procedures
• Support Project initiatives, as needed
• Support administrative duties, such as records filing and control report monitoring

Skills

Analytical skills

Problem-solving

Attention to detail

Microsoft Office

Communication skills

Teamwork

Time management

Education

Finance or Math degree

Tools

Excel

Word

PowerPoint

Job description

Canada | Toronto | Credit Service Operations CO-OP | Winter 2027

Please note the maximum number of applications that you can submit per recruitment season is 8.

You are only allowed to submit:

• 3 applications in total to U.S. and Canada programs
• 2 applications in total to APAC programs
• 2 applications in total to LATAM programs
• EMEA applicants are limited to 1 application per recruitment season. Once your application has been submitted, you will be unable to apply to any additional EMEA programs.

Program ID

14913

Region U.S. and Canada

Location Canada

City Toronto

Program Global Operations Program

Program type Off-cycle internship

Entry level Not Applicable

Job Description

Primary responsibility is to support loan related servicing on a complex Corporate and Commercial credit portfolio. With supervision, assist a Credit Servicing team to deliver the highest level of service to agents, lenders, borrowers, and internal business units while ensuring compliance with credit agreements, government regulations and policies/procedures. Support processing of credit facility transactions into the system of record with quality control validations. Monitor assigned credit facilities and loan accounts to ensure loan fundings, repayments, interest and fees comply with credit agreements, loan documentation, lender or borrower instructions, internal procedures, and approvals. Monitor and action past dues and reconciliation exceptions. Assist managers in performing portfolio quality assurance and control monitoring. The co-op student will gain basic understanding of Corporate and Commercial credit-related products and experience with credit documentation, credit facility servicing and loan platforms.

Responsibilities

• Service loan requirements for a global and regional corporate and commercial credit portfolio, acting in agency, participant, and sole lender roles
• Process loan accounting entries, commitment and loan records, loan statements, interest and fee billings, intra-day wire account reconciliations
• Review and adhere to credit portfolio legal documentation, corporate documents, credit approvals and policies and procedures
• Support Project initiatives, as needed
• Support administrative duties, such as records filing and control report monitoring

Qualifications

• Pursuing university degree with preference to finance or math and superior academic achievement
• Strong analytical and problem-solving skills
• Attention to detail and ability to accurately act on detailed instructions under pressure
• Proficient in Microsoft Office (Word, Excel, PowerPoint)
• Ability to work independently as well as in a team environment
• Excellent verbal and written communications and organizational skills
• Ability to manage multiple tasks and flexibly adapt in a fast paced and challenging environment adjusting to evolving business needs

Additional Qualifications

• Strives to bring critical thinking and ideas that drive accuracy, efficiency, innovation, and unique solutions
• Excels and believe in working among diverse viewpoints to determine the best path forward so we can reflect, connect, and meet the various needs of our clients and employees around the world
• Commitment to challenging the status quo and promoting positive change
• Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base

What Bank of America Offers

Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.

Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.

Bank of America Merrill Lynch is an Equal Opportunity Employer.

Bank of America Merrill Lynch encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.