girl looking into her desktop
Back to search results

Commercial Credit Officer

Toronto, , Canada

Job Description:

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world.  In Canada, Bank of America has a strong market position on which to continue to build, as well as a clear commitment to the market.

Description
The Wholesale Credit group is seeking a Commercial Credit Officer to join our Toronto, Canada team.

Assigned as a market or industry level resource, the Commercial Credit Officer (CCO) is a highly skilled resource, providing expert level advisory guidance in the most complex, integrated debt capital solutions. Guidelines for assignment of CCOs include specific criteria and is made at the discretion of the Commercial Credit Manager (CCM) in consultation with the Market Executive (ME). This role serves as Line/Credit approver in conjunction with Risk management based on credit approval grid and drives the internal credit approval process, loan documentation and closing. This role reports to the Commercial Credit Manager (CCM) and will be aligned to 1-3 Commercial Underwriters (CU), serving as a mentor/coach.

Responsibilities

The Commercial Credit Officer is responsible for:

  • Underwriting and structuring of complex credit transactions with minimal oversight

  • Delivering financial, industry, economic and other analysis to facilitate decision making, while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements

  • Involvement with monitoring activities/approvals

  • Maintaining knowledge of other BofA/ML products including Investment Banking and Treasury Management that have credit exposure, and leveraging product expertise to deliver the best possible and optimally integrated strategic solution for the client or prospect

  • Responsible for reviewing & negotiating loan documentation

  • Balancing analysis of clients and prospects and their industries, design and execution of credit solutions, and the active management of asset quality

  • Client facing, the CCO collaborates with the 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

Required Skills

  • BS/BA degree

  • 8+ years of solid experience in financial analysis, structuring, underwriting and portfolio management

  • Strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring

  • Responsible for reviewing & negotiating loan documentation

  • Candidates must have Commercial Banking or Corporate Banking credit experience

  • Excellent organization skills and ability to prioritize workload from diverse sources

  • Able to manage multiple projects simultaneously while meeting associated deadlines

  • Ability to clearly and convincingly articulate complex ideas and concepts

  • Ability to learn and adapt in a fast-paced, changing environment

  • Proficiency in MS PowerPoint, MS Excel and MS Word with experience in presentations writing and client analysis

What Bank of America Offers

Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.

Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.

Bank of America is an Equal Opportunity Employer.

Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.

Job Band:

H4

Shift: 

Hours Per Week:

37.5

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world.  In Canada, Bank of America has a strong market position on which to continue to build, as well as a clear commitment to the market.

Description
The Wholesale Credit group is seeking a Commercial Credit Officer to join our Toronto, Canada team.

Assigned as a market or industry level resource, the Commercial Credit Officer (CCO) is a highly skilled resource, providing expert level advisory guidance in the most complex, integrated debt capital solutions. Guidelines for assignment of CCOs include specific criteria and is made at the discretion of the Commercial Credit Manager (CCM) in consultation with the Market Executive (ME). This role serves as Line/Credit approver in conjunction with Risk management based on credit approval grid and drives the internal credit approval process, loan documentation and closing. This role reports to the Commercial Credit Manager (CCM) and will be aligned to 1-3 Commercial Underwriters (CU), serving as a mentor/coach.

Responsibilities

The Commercial Credit Officer is responsible for:

  • Underwriting and structuring of complex credit transactions with minimal oversight

  • Delivering financial, industry, economic and other analysis to facilitate decision making, while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements

  • Involvement with monitoring activities/approvals

  • Maintaining knowledge of other BofA/ML products including Investment Banking and Treasury Management that have credit exposure, and leveraging product expertise to deliver the best possible and optimally integrated strategic solution for the client or prospect

  • Responsible for reviewing & negotiating loan documentation

  • Balancing analysis of clients and prospects and their industries, design and execution of credit solutions, and the active management of asset quality

  • Client facing, the CCO collaborates with the 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

Required Skills

  • BS/BA degree

  • 8+ years of solid experience in financial analysis, structuring, underwriting and portfolio management

  • Strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring

  • Responsible for reviewing & negotiating loan documentation

  • Candidates must have Commercial Banking or Corporate Banking credit experience

  • Excellent organization skills and ability to prioritize workload from diverse sources

  • Able to manage multiple projects simultaneously while meeting associated deadlines

  • Ability to clearly and convincingly articulate complex ideas and concepts

  • Ability to learn and adapt in a fast-paced, changing environment

  • Proficiency in MS PowerPoint, MS Excel and MS Word with experience in presentations writing and client analysis

What Bank of America Offers

Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.

Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.

Bank of America is an Equal Opportunity Employer.

Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.

Learn more about this role

Full time

JR-21058504

Band: H4

Manages People:

Manager:

Talent Acquisition Contact:

Birkan Casper

Referral Bonus:

0

Street Address

Primary Location:
181 BAY ST, Toronto, M5J 2V8