time left to apply End Date: October 23, 2024 (2 days left to apply)
job requisition id 24041856
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:
The position requires detailed knowledge and experience with the portfolio and product set to provide credit policy and portfolio management guidance to their business partners. These associates have lending authority for their products. Portfolio reviews, studies of industry practices and detailed knowledge of regulatory issues are mandatory components of the position. The Credit Risk Officer is a junior level position and receives guidance from the Credit Risk Manager.
Skills:
- Credit and Risk Assessment
- Issue Management
- Attention to Detail
- Interpret Relevant Laws, Rules, and Regulations
- Regulatory Compliance
- Oral Communications
- Presentation Skills
- Project Management
The Special Asset Group manages the Bank’s high risk/criticized or distressed commercial loan portfolio. The Credit Risk Officer supports the SAG Portfolio Officer in the management of their credits. This includes structuring and underwriting of credit facilities, providing financial and collateral analysis, drafting credit approvals, asset quality forecasting, monitoring covenant compliance and completion of regulatory requirements. Successful applicants typically have prior commercial loan experience and/or strong financial education. May eventually manage portfolio of less complex relationships.
Required Skills:
- Highly motivated, self-starter with strong advancement potential
- Able to manage multiple tasks
- Experience in financial analysis
- Strong writing and verbal skillset
- Proficient in Excel (formulas)
- Degree in Accounting or Finance or equivalent experience with accounting or finance.
Desired Skills:
- Understanding of commercial lending and accounting
- Working knowledge of loan structuring on ARs, inventory, equipment, other commercial transactions and bank products such as Treasury Management, Derivatives, Swaps, Sweep accounts, DDA deposits.
- Knowledge/Experience with SAG (Special Asset Group)
Shift:
1st shift (United States of America)
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:
The position requires detailed knowledge and experience with the portfolio and product set to provide credit policy and portfolio management guidance to their business partners. These associates have lending authority for their products. Portfolio reviews, studies of industry practices and detailed knowledge of regulatory issues are mandatory components of the position. The Credit Risk Officer is a junior level position and receives guidance from the Credit Risk Manager.
Skills:
- 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
The Special Asset Group manages the Bank’s high risk/criticized or distressed commercial loan portfolio. The Credit Risk Officer supports the SAG Portfolio Officer in the management of their credits. This includes structuring and underwriting of credit facilities, providing financial and collateral analysis, drafting credit approvals, asset quality forecasting, monitoring covenant compliance and completion of regulatory requirements. Successful applicants typically have prior commercial loan experience and/or strong financial education. May eventually manage portfolio of less complex relationships.
Required Skills:
- Highly motivated, self-starter with strong advancement potential
- Able to manage multiple tasks
- Experience in financial analysis
- Strong writing and verbal skillset
- Proficient in Excel (formulas)
- Degree in Accounting or Finance or equivalent experience with accounting or finance.
Desired Skills:
- Commercial underwriting experience
- Understanding of commercial lending and accounting
- Working knowledge of loan structuring on ARs, inventory, equipment, other commercial transactions and bank products such as Treasury Management, Derivatives, Swaps, Sweep accounts, DDA deposits.
- Knowledge/Experience with SAG (Special Asset Group)
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$80,600.00 - $106,000.00 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.
About Us
Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure. Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity.
Regardless of the position you are interested in, the starting points to building your resume are the same:
1. Determine the job or types of jobs you want to do and research their responsibilities and qualifications.
2. Think about why you can do the job and make a list of your skills that are relative to the job.
3. Identify experiences or accomplishments that show your proficiency in the skills required for the job.
4. Summarize your abilities, accomplishments and skills into a brief, concise document.
Considerations when writing a resume
• Do be brief. Resumes should be 1-2 pages in length.
• Do be upbeat and active in your wording.
• Do emphasize what you have done clearly and concretely.
• Do be neat and well organized.
• Do have others proofread and critique your resume. Spell check. Make it error free.
• Do use high quality, white or light colored 8½ x 11 paper. Use a laser printer if possible.
• Don't be dishonest, always tell the truth about yourself in the most flattering light.
• Don't include salary history or requirements.
• Don't include references.
• Don't include accomplishments that do not support your professional goals.
• Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.)
• Don't use italics, underlining, shadows or other fancy treatments.
Seven steps to a successful interview
1. Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview?
2. Research –What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available?
3. Assess –Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight.
4. Prepare Answers –Think about what the interviewer may ask, determine what the best answer is and write it down.
5. Prepare Questions – Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks.
6. Practice – It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease.
7. Follow-up – Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage.
#J-18808-Ljbffr
