About Us
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.
A Great Place to Work
We believe that being a great place to work is core to how we drive Responsible Growth. This includes our commitment to:
* Diversity and Inclusion: We strive to create a workplace where everyone feels welcome and valued.
* Talent Attraction and Development: We attract and develop exceptional talent to support our growth and success.
* Teammate Wellness: We prioritize the physical, emotional, and financial well-being of our teammates.
* Recognition and Rewards: We recognize and reward performance to motivate our teammates.
* Community Impact: We make an impact in the communities we serve through volunteerism and philanthropy.
Your Career at Bank of America
You can build a successful career with opportunities to learn, grow, and make an impact at Bank of America.
Our Line of Business
Enterprise Credit is a front-line function within the Global Banking and Markets organization at Bank of America. The Enterprise Credit team is responsible for underwriting credit solutions for large corporate and financial institutions clients.
The EC team partners with relationship and product teams including Corporate Banking, Investment Banking, Syndicated Finance, Global Treasury Services, and Global Markets to drive revenue growth and manage risk in our credit portfolio.
Job Description
Credit Officers manage a portfolio of large corporate and financial institutions clients and are responsible for structuring, underwriting, negotiating, documenting, and managing credit risk associated with all banking products for their designated client portfolio.
The GCIB Australia portfolio consists of large multinational companies in sectors such as Airlines, Building Products, Construction & Engineering, Commercial Services, Energy, Healthcare, Infrastructure, Real Estate, and Transportation in addition to Financial Institutions and select Private Equity investments.
Credits in the portfolio are principally underwritten on a cash flow basis with a mix of investment grade and non-investment grade transactions.
Responsibilities include but are not limited to:
* Structuring, underwriting, negotiating, documenting, and managing credit risk associated with all banking products for a designated client portfolio.
* Identifying opportunities to responsibly grow the loan portfolio.
* Mitigating losses in deteriorating credits through amendments and restructurings.
* 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.
* Negotiating legal documentation related to loans and derivatives.
* Interfacing with internal control partners and external regulators.
* Training and mentoring Credit Analysts and Associates.
Required Skills
* 7 years' experience in commercial and/or corporate lending environment, with understanding of loans, trading & treasury products.
* Strong credit risk analysis and conclusion-oriented analytical skills with ability to manage complex transactions.
* Must be able to independently lead diligence efforts, make approval recommendations, negotiate loan documentation, and execute timely closings.
* Able to soundly manage the portfolio and justify rationale for recommended transactions.
* Strong organizational, oral, and written communication skills, with ability to communicate effectively with all levels of risk, support, and business partners.
* Ability to manage multiple priorities - must be a team player.