Credit Officer - Global Corporate & Investment Banking - General Industries

Queens County Bar Association; New York (NY); On-site; USD 120,000 - 250,000; Full time

Job summary

An established industry player is seeking a Credit Officer to manage credit risk for a diverse portfolio of corporate clients. This role involves assessing credit worthiness, structuring financing solutions, and leading a team of analysts. The successful candidate will thrive in a dynamic environment, utilizing strong analytical and negotiation skills to drive responsible growth. Join a company committed to making financial lives better, where your contributions will directly impact the success of clients and the community. If you are passionate about finance and eager to make a difference, this opportunity is for you.

Benefits

Industry-leading benefits

Paid time off

Resources for employee wellness

Discretionary incentive eligibility

Qualifications

• 6+ years' experience in commercial and/or corporate banking credit.
• Strong negotiating and presentation skills are essential.
• Robust understanding of corporate finance and accounting concepts.

Responsibilities

• Manage, monitor, and document credit risk for a portfolio of clients.
• Lead new credit originations and negotiate deal terms.
• Train, coach, and mentor Credit Analysts and Associates.

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

Education

BA Degree in Finance

BA Degree in Accounting

BA Degree in Economics

Tools

Microsoft Suite

Job description

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, monitoring, and documenting credit risk for a portfolio of clients. Key responsibilities include monitoring changes in credit profiles, compliance with credit agreements as well as structuring and underwriting new financing solutions across the Global Banking and Markets product spectrum. Job expectations may include assessing risk solutions which adhere to the bank's risk appetite and risk strategies and coaching and leading team members. Credit Officers manage a portfolio of large corporate clients and are responsible for structuring, underwriting, negotiating and monitoring financing solutions for their clients associated with syndicated loans, M&A bridge financings, hedging, leasing, and treasury management products. The Global Corporate & Investment Banking Industrials portfolio consists of US multinational companies in sectors such as Aerospace & Defense, Airlines, Automotive, Building Products, Chemicals, Construction & Engineering, Commercial Services, Machinery, Packaging and Transportation in addition to diversified conglomerates. Credits in the portfolio are principally underwritten on a cash flow basis with a mix of investment grade and non-investment grade transactions.

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 profitability to provide high quality credit approval to Corporate Banking, Investment Banking, Global Markets, and Treasury
• 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, risk ratings, and breach actions
• 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 growing 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
• Interfaces with internal control partners and external regulators

Required Qualifications:

• 6+ years' experience in commercial and/or corporate banking credit
• Robust understanding of corporate finance and accounting concepts
• Must have strong negotiating and presentation skills
• Must have proficient Microsoft Suite skills
• Must have the 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

Pay Transparency details

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$120,000.00 - $250,000.00 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.