Senior Credit Officer, Special Assets & Workouts

Bank of America; New York (NY); In loco; USD 100.000 - 157.000; Tempo pieno

Vantaggi offerti da questo lavoro

Discretionary incentive program

Benefits package

Descrizione del lavoro

Bank of America is seeking an experienced Credit Risk Manager to directly oversee a high-risk commercial loan portfolio. You will develop and implement resolution strategies to reduce losses, ensure regulatory compliance, and lead negotiations with borrowers and sponsors.

Responsibilities include managing complex distressed credits through all stages of resolution, supervising risk assessments, and presenting updates to senior leadership.

Competenze

• 7+ years of middle market or large corporate loans, credit restructuring, or related risk management experience.
• Extensive knowledge of commercial lending, credit analysis, commercial loan documentation, collateral analysis, and commercial credit structures.
• Proven negotiation skills and experience leading borrower, sponsor, legal, and lender discussions
• Strong financial analysis skills, including cash flow analysis, collateral evaluation, repayment capacity assessment, and enterprise valuation concepts.

Mansioni

• Develops, negotiates, and implements comprehensive resolution strategies.
• Manages and oversees adversarial collection actions (e.g. litigation, foreclosures, bankruptcies, and receiverships).
• Ensures compliance with bank policies and regulatory standards.
• Oversees the asset quality of the portfolio through effective risk management practices.
• Conducts periodic portfolio reviews.
• Establishes and maintains collaborative partnerships with internal and external stakeholders.
• Manage a portfolio of highly complex criticized, classified, and distressed commercial credit relationships through all stages of the resolution process.
• Develop and execute credit resolution strategies designed to maximize recoveries, minimize loss severity, and protect the Bank's interests.
• Assess borrower performance, collateral support, guarantor strength, industry conditions, and legal considerations to determine the optimal path to resolution.
• Lead negotiations involving restructurings, repayment plans, settlements, discounted payoffs, collateral dispositions, note sales, and other recovery-focused solutions.
• Prepare and present strategy recommendations, credit approvals, and portfolio updates to senior leadership and risk management partners.
• Serve as the primary point of contact for borrowers, sponsors, attorneys, consultants, participating lenders, and other stakeholders associated with assigned relationships.
• Manage bankruptcy, litigation, foreclosure, receivership, and other legal recovery actions to maximize recoveries and minimize losses.
• Coach and mentor junior associates on the team to help develop credit and corporate workout skills.

Conoscenze

Credit risk analysis

Negotiation

Financial analysis

Credit underwriting

Loans restructuring

Portfolio management

Legal knowledge

Decision making

Formazione

High School Diploma / GED / Secondary School or equivalent

Descrizione del lavoro

Bank of America is seeking an experienced Credit Risk Manager to directly oversee a high-risk commercial loan portfolio. You will develop and implement resolution strategies to reduce losses, ensure regulatory compliance, and lead negotiations with borrowers and sponsors.

Responsibilities include managing complex distressed credits through all stages of resolution, supervising risk assessments, and presenting updates to senior leadership.