Sr. Credit Products Officer- Business Banking
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About The Position
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! The Senior Credit Products Officer (Sr. CPO) is a highly skilled resource, providing expert level advisory guidance, underwriting, structuring, managing, and negotiating the most complex credit solutions in the multi-practice and large relationship segment of Practice Solutions. The role also serves as the Credit approver in conjunction with the Credit Products Manager (CPM) and Risk management based on credit approval grid and drives the internal credit approval process, which includes assistance with loan documentation and closing. The underwriting is the most complex in the business as it consists of numerous borrowers and guarantors including Management Services Organizations (MSO/DSO). Involvement with monitoring activities/approvals including covenant compliance is also part of the Sr. CPO’s responsibilities. Management of these relationships can include quarterly or semi-annual monitoring in addition to site visits where appropriate. Sr. CPO’s serve as a consistent underwriting point of contact for the relationship as these are generally turn into repeat borrowers for the Bank. The Sr. CPO maintains knowledge of Bank products including Treasury Management where applicable that have credit exposure, and leverages product expertise to deliver the best possible and optimally integrated strategic solution for the client or prospect. The role is balanced between analysis/underwriting of clients and prospects, design and execution of credit solutions, and the management of asset quality. Client facing, the Sr. CPO collaborates with the Multi-Practice Business Development Officer (MP BDO), Relationship Account Officer (RAO), Client Manager (CM), Treasury Solutions Officer (TSO), and other product partners, when needed, to assess client needs, design integrated solutions and deliver the bank to clients and prospects. The Sr. CPO reports to the Credit Products Manager (CPM) and will be aligned to and have ownership over for a specific portfolio of clients.
