Credit Officer - Global Corporate & Investment Banking - General Industries - Bank of America : Job Details

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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. Credit Officers manage a portfolio of large corporate clients and are responsible for structuring, underwriting, negotiating and monitoring financing solutions for their clients associated with syndicated loans, M&A bridge financings, hedging, leasing, and treasury management products. The Global Corporate & Investment Banking Industrials portfolio consists of US multinational companies in sectors such as Aerospace & Defense, Airlines, Automotive, Building Products, Chemicals, Construction & Engineering, Commercial Services, Machinery, Packaging and Transportation in addition to diversified conglomerates. Credits in the portfolio are principally underwritten on a cash flow basis with a mix of investment grade and non-investment grade transactions.

Responsibilities:

• Oversees and assesses the credit worthiness of borrowers based on due diligence findings, financial statement analysis, forecasting, analysis of company and industry risks, terms and conditions, and relationship profitability to provide high quality credit approval to Corporate Banking, Investment Banking, Global Markets, and Treasury
• Exercises Delegated Approval Authority using sound judgment and expertise to make approval decisions for the business including new lending limits, structuring and negotiating deal terms, credit worthiness, annual reviews and renewals, risk ratings, and breach actions
• Acts as a senior coverage team resource supporting ongoing credit matters and asset quality, maintaining adherence to the bank's risk appetite and risk strategies to mitigate losses while identifying opportunities to responsibly growing the loan portfolio
• Leads new credit originations in coordination and collaboration with the coverage teams including Relationship Managers, Risk, Syndications, Treasury, and all other product partners
• Negotiates and structures legal documentation related to loans and derivatives
• Establishes appropriate internal risk ratings for clients and implements accurate adjustments throughout the client's credit life cycle
• Trains, coaches, and mentors Credit Analysts and Associates
• Interfaces with internal control partners and external regulators

Required Qualifications:

• 6+ years experience in commercial and/or corporate banking credit
• Robust understanding of corporate finance and accounting concepts
• Must have strong negotiating and presentation skills
• Must have proficient Microsoft Suite skills
• Must have the ability to work with multiple business partners and display excellent relationship management skills

Desired Qualifications:

• BA Degree with concentration in Finance, Accounting or Economics

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