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About the Role

This role supports credit underwriting and monitoring for moderately complex client relationships, evaluating risks, and preparing financial analysis using advanced tools and systems. The position is primarily focused on financing facilities secured by credit-related and other corporate assets, as well as establishing and maintaining trading limits to support the purchase and sale of corporate loans.

Responsibilities

• Analyzes client financial information, identification/mitigation of potential risks, compliance with regulatory requirements and evaluation of collateral in determination of credit worthiness
• Completes monitoring activities via analysis of clients’ financial performance and collateral evaluation to ensure appropriate requirements are met
• Listens in to client meetings to develop a deeper understanding of the client's business, management team, and past and future performance
• Reviews completed client requests to ensure compliance with policy and procedures
• Understands how credit data is used internally and provided to regulatory partners
• Assists with periodic portfolio reviews
• Participates in loan structure conversations and completion of loan documentation
• 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.
• Assess the credit worthiness and loan and trading counterparties and maintain limits supporting trading activity
• 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

Requirements

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

Skills

• Analytical Thinking
• Financial Analysis
• Financial Forecasting and Modeling
• Profitability Analysis
• Research Analysis
• Attention to Detail
• Business Acumen
• Credit and Risk Assessment
• Underwriting
• Written Communications
• Collaboration
• Credit Documentation Requirements
• Recording/Organizing Information
• Collateral Management
• Loan Structuring

Location

• US - NY - New York

Work Type

• Onsite
• Full-time

Education Level

• Bachelors Degree in Finance, Accounting or related field

Salary/Compensations

• $90,000.00 - $105,000.00 annualized salary

Benefits

• 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.
• 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.

About the Company

• 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!