Credit Risk Management Professional

3 days ago


Chicago, Illinois, United States Bank of America Full time
About Us

Bank of America is a leading financial institution dedicated to helping our clients achieve their financial goals. Our team of experts provides innovative solutions and guidance to help our clients succeed.

We are committed to creating a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

Job Description

This position is responsible for providing integrated credit solutions to middle market or corporate clients. You will work closely with client-facing teammates in both the Global Corporate Bank and Global Commercial Bank to consult on sales opportunities and provide product expertise and consultation necessary to deliver the best possible solution to the client.

As a Credit Risk Management Professional, you will use your knowledge of business finance and the products and services associated therewith to interact regularly with clients in an effort to proactively understand their goals, their current performance, and their needs.

Key Responsibilities
  • Evaluates new end-user credit opportunities including identification and assessment of risks and identifies mitigating factors
  • Partners with client-facing teammates to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client
  • Underwrites new transactions, analyzes credit risk, negotiates and closes deals, while adhering to internal policy, procedures and regulatory requirements
  • Structures the terms of a lease/loan with respect to the various aspects that make up a lease/loan (e.g. pricing, rates, payment, term, collateral)
  • Manages the credit process for a portfolio of clients including reviewing financial statements, assessing the client's compliance with financial covenants, confirming the accuracy of risk ratings, and recommending changes as warranted
Required Skills and Qualifications
  • 7+ years experience in commercial banking related role for Credit Risk Management Professional position
  • Must have proficient credit and risk analysis skills
  • Must have strong presentation, structuring and financial statement analysis skills of complex transactions
  • Proficient Microsoft Office skills
Benefits

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.

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.

The estimated salary for this position is $109,300 - $179,900 per annum, depending on experience and qualifications.



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