Credit Sr Officer/Credit Risk Officer-General Industrials

Company: Disability Solutions
Location: Chicago
Posted on: October 24, 2024

Job 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. 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 managing, monitoring, and documenting credit risk for a portfolio of clients. Key responsibilities include monitoring changes in credit profiles, compliance with credit agreements as well as structuring and underwriting new financing solutions across the Global Banking and Markets product spectrum. Job expectations may include assessing risk solutions which adhere to the bank's risk appetite and risk strategies and coaching and leading team members.Credit Officers manage a portfolio of large corporate clients and are responsible for structuring, underwriting, negotiating and monitoring financing solutions for their clients associated with syndicated loans, M&A bridge financings, hedging, leasing, and treasury management products. The GCIB Industrials portfolio consists of US multinational companies in sectors such as Aerospace & Defense, Airlines, Automotive, Building Products, Chemicals, Construction & Engineering, Commercial Services, Machinery, Packaging and Transportation in addition to diversified conglomerates. Credits in the portfolio are principally underwritten on a cash flow basis with a mix of investment grade and non-investment grade transactions.Responsibilities:

• Oversees and assesses the credit worthiness of borrowers based on due diligence findings, financial statement analysis, forecasting, analysis of company and industry risks, terms and conditions, and relationship.
• Exercises delegated approval authority using sound judgment and expertise to make approval decisions for the business including new lending limits, structuring and negotiating deal terms, credit worthiness, annual reviews and renewals and risk ratings.
• Acts as a senior coverage team resource supporting ongoing credit matters and asset quality, maintaining adherence to the bank's risk appetite and risk strategies to mitigate losses while identifying opportunities to responsibly growing the loan portfolio
• Leads new credit originations in coordination and collaboration with the coverage teams including Relationship Managers, Risk, Syndications, Treasury, and all other product partners
• Negotiates and structures legal documentation related to loans and derivatives
• Establishes appropriate internal risk ratings for clients and implements accurate adjustments throughout the client' s credit life cycle
• Trains, coaches, and mentors Credit Analysts and Associate
• Structuring, underwriting, negotiating, documenting and managing credit risk associated with all banking products for a designated client portfolio
• Leading internal discussions and completing credit approval memorandums that summarize the merits and risks of a transaction based on due diligence findings, financial statement analysis, financial forecasting, assessments of terms and conditions, analysis of company and industry risks, and relationship profitability
• Interfacing with internal control partners and external regulatorsRequired Qualifications:
  • 10+ yrs experience in commercial and/or corporate banking credit for Credit Sr Officer, 7 + yrs experience in commercial and/or corporate banking credit for Credit Risk Officer
  • Robust understanding of corporate finance and accounting concepts
  • Must have strong negotiating and presentation skills
  • Must have proficient Microsoft Suite skills
  • Must have the ability work with multiple business partners and display excellent relationship management skillsDesired Qualifications:
    • BA Degree with concentration in Finance, Accounting or EconomicsSkills:
      • Analytical Thinking
      • Credit and Risk Assessment
      • Financial Analysis
      • Loan Structuring
      • Underwriting
      • Attention to Detail
      • Business Acumen
      • Financial Forecasting and Modeling
      • Research Analysis
      • Written Communications
      • Business Development
      • Collaboration
      • Critical Thinking
      • Portfolio Analysis
      • Stakeholder ManagementShift:1st shift (United States of America)Hours Per Week: 40Pay Transparency detailsUS - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$120,000.00 - $250,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.

Keywords: Disability Solutions, Mount Prospect , Credit Sr Officer/Credit Risk Officer-General Industrials, Accounting, Auditing , Chicago, Illinois