Credit Officer II-Dealer Financial Services

Bank of America; Chicago (IL); On-site; USD 110,000 - 170,000; Full time

Job summary

Bank of America in Chicago seeks a Credit Officer II to manage and document credit risk for a portfolio of clients. You will monitor credit profiles, ensure compliance with credit agreements, and support structuring and underwriting financing solutions across the Global Banking and Markets spectrum.

Responsibilities include leading risk assessments, coaching team members, serving as line/credit approver with risk management, and collaborating with Relationship Managers to deliver integrated

Qualifications

• Experience in credit risk management and underwriting.
• Ability to coordinate with Relationship Managers and risk teams.
• Strong analytical skills and knowledge of credit compliance.

Responsibilities

• Manage, monitor, and document credit risk for a portfolio of clients.
• Monitor changes in credit profiles and compliance with credit agreements; structure and underwrite financing solutions across product spectrum.
• Lead risk assessments, coach team members, and serve as Line/Credit approver with Risk management; monitor approvals and asset quality.

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 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:

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. In Dealer Financial Svs, assigned as a market or industry level resource, the Credit Officer II is a highly skilled resource, providing expert level advisory guidance in the most complex, integrated debt capital solutions. The role also serves as Line/Credit approver in conjunction with Risk management based on credit approval grid and drives the internal credit approval process, loan documentation and closing. Involvement with monitoring activities/approvals is also part of the responsibilities. The Credit Officer II maintains knowledge of other BofAML products including Investment Banking and Treasury Management that have credit exposure, and leverages product expertise to deliver the best possible and optimally integrated strategic solution for the client or prospect. The role is balanced between analysis of clients and prospects and their industries, design and execution of credit solutions, and the active management of asset quality. Client facing, the Credit Officer II collaborates with the Relationship Manager (RM), Treasury