Credit Risk Officer - Corporate/Commercial

San Francisco, California;New York, New York

Job Description:

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 job 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.

Job Responsibilities:

The Credit Risk Officerwill be responsible for managing a portfolio of 15-20 corporate clients which, in addition to the above, includes: 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. You will be expected to build 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. Additional responsibilities are as follows:

• 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

Required Qualifications:

• 7+ years Commercial/Corporate bankingrisk and/or analysis experience

• Understanding of basic accounting

• Working knowledge of corporate finance

• Strong business writing skills

Desired Qualification:

• Bachelors Degree

• Foundational understanding of legal credit agreements

• Ability to coach junior teammates

• Working knowledge of ancillary bank products (treasury, cash management, derivatives, etc.)

• Specific experience within Technology, Media, Telecom & Gaming a bonus 

Skills:

• 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

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

Bank of America aims to create 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 (“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.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .