Credit Risk Officer-Corp/Comm-Leveraged Finance US
Company: Disability Solutions
Location: Charlotte
Posted on: October 5, 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
analyzing credit and investigating existing and prospective clients
and counterparts. Key responsibilities include focusing on but not
limited to credit, market, and reputational risk; as well as
adherence or monitoring of credit risk policies, risk appetite, and
reporting, including but not limited to Top of House (TOH) and Line
of Business (LOB) specific reports or regulatory related
reporting.Represent Enterprise Credit ("EC") in the leveraged
finance acquisition underwriting process for large commitments
ranging in size from $100mm into the billions that is subject to
considerable fee revenue or credit losses. Position will be an
industry generalist and the candidate will be asked to underwrite
different deal structures inclusive of Institutional/Commercial
Bank Loan and High Yield Bond take-outsResponsibilities:
- Sets or supports the oversight of the ongoing management of
risk parameters and guardrails for credit risk while ensuring
adherence to risk appetite/limits, and actively inspects and/or
designs risk scenarios to implement decisions
- Supports the credit approval process and therefore is
accountable for overall portfolio performance and asset quality,
including underwriting, structuring and monitoring tasks
- Conducts analysis, inspects and/or develops credit risk
reporting for specific products, and monitors and reports on key
indicators for changes in credit quality to communicate to senior
management
- Ensures adherence to policy and standards and performs due
diligence that the risk is within the bank's defined risk appetite,
using knowledge of stress testing and its applicability to credit
risk
- Supports monitoring of adherence to industry risk governance,
as well as monitoring for potential operational, reputational and
market risk issues
- Identifies risks early that could impact the assigned portfolio
and coordinates with business counterparts to resolve portfolio
issues
- Dynamic leader in credit analysis of unique situations
requiring differing approach depending on situation
- Review underwriting materials, such as: financial statements,
presentations, projections, Quality of Earnings, Credit Ratings and
other third-party reports
- Acquire understanding of new businesses and industries in a
short period of time
- Determine key credit risks and weigh them against relevant
mitigants
- Conduct due diligence with clients
- Team leader that manages the development of financial
modeling
- Review legal underwriting documents
- Presentation of analysis of risks and associated mitigants to
senior leaders in EC, Credit Risk, Global Markets and Global
Capital Markets
- Contribute to acquisition underwriting approval memos
- Track successful de-risking of the commitments
- Other projects as assigned, work with juniors on the following:
reports synthesizing risk exposure statistics, market data over
time, and reports on recently announced transactionsRequired
Qualifications:
- 5 + yrs of Corporate Credit and/or Investment Banking/Capital
Markets Experience
- Advanced financial analysis of public, private and
non-traditional financial statements, presentations and
projections
- Business acumen to identify key credit risks and variables to
sensitize and diligence with the client
- Expert financial forecasting and modeling
- Expert analytical thinking and attention to detail to challenge
client forecasting assumptions and identify credit concerns
- Expert decision making for underwriting and stress case
modeling
- Written communication to succinctly explain and document the
various assumptions made in the model by the client and EC
- Loan structuring & market acumen to analyze transaction
structure/ terms, comparing to market precedents to identify and
mitigate risks
- Expert critical thinking to synthesize the analysis and
diligence into an underwriting recommendationDesired
Qualifications:
- Bachelor's degree in related field or equivalent work
experienceSkills:
- Credit and Risk Assessment
- Financial Accounting
- Issue Management
- Portfolio Analysis
- Risk Analytics
- Attention to Detail
- Business Intelligence
- Collaboration
- Interpret Relevant Laws, Rules, and Regulations
- Regulatory Compliance
- Oral Communications
- Presentation Skills
- Prioritization
- Project Management
- Written Communications
- Financial Analysis
- Loan Structuring
- Underwriting
- Business Acumen
- Financial Forecasting and Modeling
- Research 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 - $178,000.00 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, Rock Hill , Credit Risk Officer-Corp/Comm-Leveraged Finance US, Accounting, Auditing , Charlotte, South Carolina
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