Credit Support Associate II - Global Wealth & Investment Management

Bank of America•Charlotte, NC

1d•Onsite

About The Position

This job is responsible for assisting with moderate to more complex tasks related to the credit process. Key responsibilities include assisting risk activities including, monitoring financial reporting, coordinating or resolving issues related to onboarding of clients as the first point of engagement for client teams, and supporting coordination of a systematic execution of the credit process in partnership with managers, specified teams, and operations. Job expectations include working with other Enterprise Credit associates and staying current on the bank's policies, procedures, and systems. The Credit Support Associate II (CSA) is an integral role within the end-to-end credit management process for GWIM Credit Services. Primary liaison between Client Partners, Private Wealth Client management teams, and others supporting GWIM. Through extensive interaction with the sales offices and credit teams; the CSA will monitor and report on past due credit facilities. Monitors maturing loans reports and ensuring renewing facilities are entered into the underwriting process in a timely manner. “Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy”

Requirements

2 - 5 years of experience with a financial institution focusing on client service for loans, preferably in the High-Net-Worth space
Solid understanding of banking and lending products, services and processes
Requires a working knowledge of the Bank's credit policies, procedures, and guidelines
Ability to manage multiple complex tasks while delivering high quality results
Leadership, initiative, self-motivation and resourcefulness
Demonstrated experience in Data Management, Reporting Management and Portfolio Management (Added as removed from skills)
Requires PC proficiency including Excel, Word, Outlook and other applications
Requires knowledge of Global Monitoring System (GMS) and Global Underwriting System (GUS), LIQ, BOSS, and other GWIM Banking systems.

Nice To Haves

Bachelor’s degree in finance, Accounting, Business Administration or Economics is preferred
System knowledge of LIQ, PACE, GMS, GUS, EDR, Genesis, Image Trust, Navigator, SharePoint, Credit Toolkit, Credit Sync, KYC, Adobe Acrobat Standard/Professional

Responsibilities

Engages with team members to support partnership with teams to manage the bank's portfolio via monitoring financial package collection, maturities, annual reviews/financial analysis summaries, past due payments, and failed covenants
Assists in resolving client needs for more complex issues such as ordering pay-off letters
Assists in risk management by clearing collateral exceptions to reduce the bank's legally binding exposure
Coordinates activities for accurate and timely deals through engaging outside counsel to prepare loan documentation, assisting with the completion of pre-close checklists, and connecting with fulfillment to book facilities in the system of record
Actively supports the Merrill Senior Credit Advisor (SCA) / Credit Advisor (CA) role in the end-to-end credit management process by delivering consistently high-quality banking and credit related services to Merrill Lynch clients
Primary responsibility supporting all client interfacing activities by monitoring and executing all tasks required to fulfill the client service plan and meet day-to-day credit inquiries from the clients
Manages the execution of client service activities for loans including account inquiry, fulfillment needs and maintenance oversight, in coordination with Merrill SCA / CA
Act as a "triage" point for Merrill SCA / CA and GWIM Credit Delivery in the management of collecting financial documents, resolving failed covenants, collecting past due payments, fulfillment of Service Requests and timely execution of the Loan Renewal Process
Partners with Merrill Portfolio Managers for effective and timely issue resolution; ensuring transactions are completed within audit and compliance standards while handling client inquiries and coordinating with Merrill Credit Advisors to deliver an integrated service to the clients