Credit Officer - Global Markets Credit - Municipal Banking and Markets
About The Position
At Bank of America, the common purpose is to help make financial lives better through Responsible Growth and by delivering for clients, teammates, communities, and shareholders. The company is committed to being a Great Place to Work, fostering an inclusive workplace, attracting and developing talent, supporting teammates' physical, emotional, and financial wellness, recognizing performance, and making an impact in communities. Bank of America maintains an in-office culture with specific attendance requirements, while also allowing for appropriate flexibility based on role-specific considerations. The Credit Officer role requires a comprehensive skill set to effectively execute broad risk management responsibilities within Corporate & Financial Institutions Credit Risk. This position offers opportunities to learn, grow, and make an impact within a successful career.
Requirements
- 5+ years of prior counterparty credit risk management and due diligence experience
- Proficient with Microsoft Office
- Proficient with Bloomberg
Nice To Haves
- Financial institutions or municipal counterparty experience
Responsibilities
- Develop and maintain a deep understanding of the Global Banking & Markets product spectrum
- Responsible for driving speed to market and asset quality
- Develop and maintain a deep understanding of the portfolio at the client, industry, and macro level in order to assess risk and craft value added solutions that balance risk and return
- Independently assess the credit worthiness, including due diligence of prospective borrowers and/or trading counterparties and establish appropriate terms and conditions to mitigate risk within the bank’s risk appetite/strategies
- Manage a complex portfolio of clients via actively monitoring the portfolio including changes in credit profile and compliance with credit agreements
- Provide high quality and efficient credit approval to Corporate Banking, Investment Banking, Global Markets and Treasury while observing compliance of established credit policies and guidelines
- Structure transactions and negotiate credit documentation including; credit agreements, amendments, ISDAs, and CSAs
- Establish appropriate internal risk ratings for clients and implement accurate adjustments throughout the client's credit life cycle
- Develop, maintain, and manage internal relationships with business partners including Corporate and Investment Bankers, Sales & Trading, Risk Management, Syndications, and Legal
- Participate in strategic projects to support business goals
- Responsible for all aspects of the credit risk management of Municipal Banking and Markets counterparties/issuers
- Manage a high-volume, fast-paced portfolio using a risk-based approach to support revenue generation while adhering to established credit risk standards
- Partner closely with Global Markets stakeholders, including Trading, Structuring, and Sales, as well as internal support functions
- Evaluate and support transactions within a dynamic capital markets and trading environment, requiring strong execution and prioritization skills
Benefits
- Industry-leading benefits
- Access to paid time off
- Resources and support to employees
- Eligible to participate in the annual discretionary plan
- Competitive benefits to support physical, emotional, and financial well-being
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
