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:
Support Credit Officers in underwriting, monitoring, and managing credit portfolios. Serve as a key liaison between credit teams, operations, and Global Market business partners. Handle complex transactions and provide support to other associates to mitigate risks.
This role can be filled as a II or III at the manager's discretion.
Key Responsibilities:
- Manage end-to-end credit processes including underwriting, monitoring, and documentation
- Coordinate pre- and post-closing activities, including due diligence and approval documentation
- Support client onboarding by reviewing client prospectuses to identify risk objectives and ensure alignment with credit policies
- Monitor compliance with credit agreements; maintain ticklers and collect financials
- Identify and resolve data quality issues; suggest process improvements
- Ensure adherence to policies and procedures
- Lead or contribute to special projects
- Coach and support other team members
Required Skills:- Experience in institutional banking and Global Markets (2-5 years)
- Knowledge of trading documentation and agreements (ISDA, MSFTA, Repo, etc.)
- Understanding new business, including reviewing prospectuses and documentation to identify risk objectives and ensure compliance with internal policies
- Ability to manage and analyze large data sets, using tools like Excel or BI platforms to identify trends, inconsistencies, and opportunities for process improvement. Proficiency in Microsoft Office (Word, Excel, PowerPoint)
- Familiarity with credit and risk systems, and ability to navigate data across multiple platforms to support underwriting and monitoring activities
- Strong attention to detail and organizational skills
- Effective written and verbal communication
- Ability to prioritize and manage time effectively
- Collaborative mindset with customer focus
Preferred Qualifications:- Understanding of trade exposure flows, including how transactions impact credit and market risk profiles
- Knowledge of market risk concepts, such as interest rate risk, FX exposure, and counterparty risk, with ability to assess their relevance to client portfolios
- Strong interpersonal and influencing skills
- Ability to learn quickly and work independently
- Copilot prompting to build efficiencies in reviewing client documentation
- Bachelor's degree or equivalent experience
Skills:- Attention to Detail
- Data Collection and Entry
- Record Keeping
- Oral Communications
- Written Communications
- Collaboration
- Customer and Client Focus
- Planning
- Prioritization
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
Shift:1st shift (United States of America)
Hours Per Week: 40
Pay Transparency detailsUS - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - NJ - Pennington - 1500 American Blvd - Hopewell Bldg 5 (NJ2150), US - NY - New York - 115 W 42nd St - BANK OF AMERICA TOWER AT ONE BRYANT PARK (NY5362)
Pay and benefits information
Pay range
$30.21 - $50.07 hourly pay, 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.
