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Merchant Services Sr. Commercial Credit Officer

Charlotte, North Carolina;

Job Description:

Member of the Merchant Services Underwriting Team supporting Merchant clients.

  • Applies credit underwriting experience to the new Merchant Services team at Bank of America
  • GBAM role will support Merchant Services clients with annual revenue of $5MM+
  • Seeking Credit and Risk management resource to review and manage high (>$20MM) MCRE GBAM Merchant Services relationships.
  • Partners with Client Manager (CM), Treasury Solutions Officer (TSO), and other product partners to assess client needs, design integrated solutions and deliver the bank to clients and prospects.
  • Responsible for direct client engagement
  • Seeking placement of this role in New York, NY; Charlotte, NC; Phoenix, AZ; Tampa, FL; Louisville, KY; Boston, MA - open to discuss relocation opportunities

Assigned as a market or industry level resource, the Credit Products Officer (CPO) is a highly skilled resource, providing expert level advisory guidance in the most complex, integrated debt capital solutions. Guidelines for assignment of CPOs include specific criteria and is made at the discretion of the Credit Products Manager (CPM) in consultation with the Market Executive (ME). The role also 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. Involvement with monitoring activities/approvals is also part of the responsibilities. The CPO maintains knowledge of Bank products including Investment Banking and 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 and their industries, design and execution of credit solutions, and the active management of asset quality. Client facing, the CPO 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. The CPO reports to the Credit Products Manager (CPM) and will be aligned to multiple Portfolio Management Officers (PMO), serving as a mentor/coach. Role will entail direct client engagement.

    Required and Desired skills include:

    • Seeking highly skilled Credit and Risk management resource to review and manage high (>$20MM) MCRE GBAM Merchant Services relationships.
    • Qualifications include a BS/BA degree or equivalent experience
    • 5+ years of demonstrated experience in financial analysis, structuring, underwriting and portfolio management
    • Demonstrated communication and analytical/technical skills, including financial accounting, modeling, and loan structuring.
    • Will are open to discuss relocation opportunities to place in desired cities

    Job Band:

    H4

    Shift: 

    1st shift (United States of America)

    Hours Per Week:

    40

    Weekly Schedule:

    Referral Bonus Amount:

    0

    Job Description:

    Member of the Merchant Services Underwriting Team supporting Merchant clients.

    • Applies credit underwriting experience to the new Merchant Services team at Bank of America
    • GBAM role will support Merchant Services clients with annual revenue of $5MM+
    • Seeking Credit and Risk management resource to review and manage high (>$20MM) MCRE GBAM Merchant Services relationships.
    • Partners with Client Manager (CM), Treasury Solutions Officer (TSO), and other product partners to assess client needs, design integrated solutions and deliver the bank to clients and prospects.
    • Responsible for direct client engagement
    • Seeking placement of this role in New York, NY; Charlotte, NC; Phoenix, AZ; Tampa, FL; Louisville, KY; Boston, MA - open to discuss relocation opportunities

    Assigned as a market or industry level resource, the Credit Products Officer (CPO) is a highly skilled resource, providing expert level advisory guidance in the most complex, integrated debt capital solutions. Guidelines for assignment of CPOs include specific criteria and is made at the discretion of the Credit Products Manager (CPM) in consultation with the Market Executive (ME). The role also 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. Involvement with monitoring activities/approvals is also part of the responsibilities. The CPO maintains knowledge of Bank products including Investment Banking and 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 and their industries, design and execution of credit solutions, and the active management of asset quality. Client facing, the CPO 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. The CPO reports to the Credit Products Manager (CPM) and will be aligned to multiple Portfolio Management Officers (PMO), serving as a mentor/coach. Role will entail direct client engagement.

      Required and Desired skills include:

      • Seeking highly skilled Credit and Risk management resource to review and manage high (>$20MM) MCRE GBAM Merchant Services relationships.
      • Qualifications include a BS/BA degree or equivalent experience
      • 5+ years of demonstrated experience in financial analysis, structuring, underwriting and portfolio management
      • Demonstrated communication and analytical/technical skills, including financial accounting, modeling, and loan structuring.
      • Will are open to discuss relocation opportunities to place in desired cities

      Shift:

      1st shift (United States of America)

      Hours Per Week: 

      40

      Learn more about this role

      Full time

      JR-22085195

      Band: H4

      Manages People: No

      Travel: Yes, 5% of the time

      Manager:

      Talent Acquisition Contact:

      Cindy Herrick

      Referral Bonus:

      0

      New York City pay and benefits information

      New York City pay range:

      $122,000 - $143,200 annualized salary, offers to be determined based on experience, education and skill set.

      Discretionary incentive eligible

      This 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.

      Benefits

      This role is currently benefits eligible. We provide industry-leading benefits, 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.