Credit Risk Officer-Corp/Com
2 months ago
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us
Job Description:
This role is responsible for analyzing credit and investigating existing and prospective clients and counterparts. Key responsibilities include focusing on but not limited to credit, market, and reputational risk; as well as adherence or monitoring of credit risk policies, risk appetite, and reporting, including but not limited to Top of House (TOH) and Line of Business (LOB) specific reports or regulatory related reporting. The Credit Risk Officer manages a portfolio of 15+ corporate clients and is responsible for conducting financial analysis; tracking portfolio company performance and assessing ongoing creditworthiness and assisting in the origination, negotiation and structuring of senior bank debt and related credit products. The Credit Risk Officer builds extensive knowledge of each client drawing upon in-depth research and industry expertise. As a member of Enterprise Credit, you will work closely with professionals throughout Risk and Global Banking and Markets, particularly colleagues in Corporate Banking/Relationship Management, Trading (primarily FX and Interest Rate Swaps), Treasury Management and Syndications (investment grade and leveraged finance). Responsibilities also include qualitative and quantitative due diligence on industry and company factors
Job Responsibilities:
- Researching, writing, and presenting financial and industry analysis in support of company specific and portfolio level decisions
- Evaluating transaction and relationship risk-adjusted profitability to facilitate the allocation of and return on capital
- On-going monitoring of client's financial performance, industry trends and emerging risks
- Participating in the structuring, underwriting and documentation of credit facilities designed to meet both client and investor needs as well as balance the bank's internal risk/return requirements
- Monitoring and managing credit exposure associated with the Bank's broad range of products including Loans, Leasing, Foreign Exchange, Derivatives, & Treasury Management
- Sets or supports the oversight of the ongoing management of risk parameters and guardrails for credit risk while ensuring adherence to risk appetite/limits, and actively inspects and/or designs risk scenarios to implement decisions
- Supports the credit approval process and therefore is accountable for overall portfolio performance and asset quality, including underwriting, structuring, and monitoring tasks
- Conducts analysis, inspects and/or develops credit risk reporting for specific products, and monitors and reports on key indicators for changes in credit quality to communicate to senior management
- Ensures adherence to policy and standards and performs due diligence that the risk is within the bank's defined risk appetite, using knowledge of stress testing and its applicability to credit risk
- Supports monitoring of adherence to industry risk governance, as well as monitoring for potential operational, reputational and market risk issues
- Identifies risks early that could impact the assigned portfolio and coordinates with business counterparts to resolve portfolio issues
- Sets or supports the oversight of the ongoing management of risk parameters and guardrails for credit risk while ensuring adherence to risk appetite/limits, and actively inspects and/or designs risk scenarios to implement decisions
- Supports the credit approval process and therefore is accountable for overall portfolio performance and asset quality, including underwriting, structuring and monitoring tasks
- Conducts analysis, inspects and/or develops credit risk reporting for specific products, and monitors and reports on key indicators for changes in credit quality to communicate to senior management
- Ensures adherence to policy and standards and performs due diligence that the risk is within the bank's defined risk appetite, using knowledge of stress testing and its applicability to credit risk
- Supports monitoring of adherence to industry risk governance, as well as monitoring for potential operational, reputational and market risk issues
- Identifies risks early that could impact the assigned portfolio and coordinates with business counterparts to resolve portfolio issues
- 7+ years Commercial/Corporate banking risk and/or analysis experience
- Understanding of basic accounting
- Working knowledge of corporate finance
- Strong business writing skills
- Bachelor's Degree
- Foundational understanding of legal credit agreements
- Ability to coach junior teammates
- Working knowledge of ancillary bank products (treasury, cash management, derivatives)
- Specific experience within Technology, Media, Telecom & Gaming a bonus
- Credit and Risk Assessment
- Financial Accounting
- Issue Management
- Portfolio Analysis
- Risk Analytics
- Attention to Detail
- Business Intelligence
- Collaboration
- Interpret Relevant Laws, Rules, and Regulations
- Regulatory Compliance
- Oral Communications
- Presentation Skills
- Prioritization
- Project Management
- Written Communications
Shift:
1st shift (United States of America)
Hours Per Week:
40
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