Description

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
The Credit Analyst III/Credit Officer assists with financing facilities secured by credit related and other corporate assets and in ensuring robust and consistent credit underwriting for Global Markets lending and trading activities.

The Credit Analyst III/Credit Officer will be expected to develop subject matter expertise in US credit and Collateralized Loan Obligation related financing products and perform credit and structural analysis of proposed transactions. The Credit Analyst III/Credit Officer will work closely with other team members, FLU, and risk partners and help drive loan growth and ensure robust portfolio management with minimal oversight

Responsibilities:

• Review new business opportunities being presented by the front line, provide early feedback on structure/terms and client selection in the screening process to ensure transactions fit within risk appetite
• Partner with front line unit and credit officers to structure, underwrite, and document credit solutions for clients and ensure robust ongoing monitoring. Escalate and debate key findings when appropriate.
• Preparation of underwriting materials, creation and submission of credit approval memos, and securing appropriate credit and risk approvals.
• Establish appropriate internal risk ratings for counterparties and implement accurate adjustments throughout the client's credit life cycle
• Engage partners including other parts of Enterprise Credit, client coverage areas, legal, and market risk as required
• Support firm-wide Enterprise Credit initiatives including adherence with operational and governance processes and liaise with applicable stakeholders across the firm on emerging topics

Required Qualifications:

• 3 + years of experience with Commercial/Corporate credit risk management, credit underwriting, structuring, loan origination, or public rating agencies. Structured finance experience preferred
• Strong understanding of corporate finance and accounting concepts
• Proficiency with Word, Excel and PowerPoint, along with ability to quickly learn new programs and applications

Desired Qualifications:

• Bachelor's Degree: Finance, Accounting, or Economics majors preferred with strong academic credentials.
• Structured Finance Experience

Skills:

• Attention to Detail
• Client Management
• Decision Making
• Underwriting
• Credit Documentation Requirements
• Critical Thinking
• Portfolio Management
• Problem Solving
• Written Communications
• Financial Analysis
• Negotiation

Shift:
1st shift (United States of America)

Hours Per Week:
40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$110,000.00 - $198,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

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.

Benefits

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.