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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

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

 

Job Description:
This job is responsible for managing credit activities to support underwriting of commercial credit clients (e.g., financial spreading, risk rating scorecard, covenant tests). Key responsibilities include analyzing ongoing credit and escalating to the credit team as appropriate.

The Enterprise Credit Subsidiary Lending Group (EC SLG) is a globally distributed team responsible for the independent credit administration of local subsidiaries of multinational clients. Operating across 12 countries and 3 regions, EC SLG plays a critical role in supporting the Global Subsidiary Banking (GSB) business by ensuring local credit processes are executed with precision and in alignment with jurisdictional requirements.

Responsibilities:

Analyzes financial statements and summarizes existing client's performance via periodic risk profile reviewsPartners with credit and client teams both within Centralized and Regional Credit Lines of BusinessManages risk through accurate financial spreading, risk rating, and covenant test calculationsExpands expertise by reviewing policy and procedure thoroughly and actively participating in continuing education sessionsCollaborates with peers to manage optimal workflowIdentifies and escalates process breakdownsIndependently administer a portfolio of subsidiary clients, facilitating credit solutions tailored to their needsPrepare, review, and coordinate loan agreements and uncommitted facility lettersOversee all monitoring and maintenance activities for assigned accounts, ensuring compliance and performanceServe as a direct liaison with internal teams (including subsidiary banking) and external clientsDrive credit transactions to completion efficiently and within required timelinesEnsure data accuracy, completeness, and timeliness across all key systems and documentationComplete Trade Operations Datasheets and MOFs; manage auto-extension of Letters of CreditStrategic contributor to the growth of the Enterprise Credit Subsidiary Lending business

Required Qualifications:

Minimum of 3 + yrs loan closing experience or portfolio management & loan servicing experience within corporate banking

Desired Qualifications:

Bachelor’s degree or equivalent and/or track record of relevant experienceProven background in Credit or Operations, with knowledge of Corporate Banking products and servicesExperience interpreting loan agreements and related financial documentationPrioritization

Skills:

Credit Documentation RequirementsCredit and Risk AssessmentCritical ThinkingFinancial AnalysisPrioritizationAttention to DetailBusiness AcumenDecision MakingFinancial Forecasting and ModelingWritten CommunicationsAnalytical ThinkingClient ManagementCollateral ManagementRecording/Organizing InformationUnderwriting

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

1st shift (United States of America)

Hours Per Week: 

40