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Credit Officer, Global Corporate & Investment Banking, Industrials Sector

New York, New York

Job Description:

About Bank of America

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading. In 2021, we were recognized by Fortune as one of their 100 Best Companies to Work For, Euromoney as the World’s Best Bank for Corporate Responsibility and JUST Capital as one of their Most JUST Companies in America.

About Global Corporate & Investment Banking

Our Global Corporate & Investment Banking (“GCIB”) line of business focuses on building long-term relationships with more than 5,000 large U.S. and multinational corporations, financial institutions and financial sponsors. GCIB provides clients around the world and across all major industries with integrated solutions for lending, hedging, strategic advisory, debt and equity underwriting, treasury services and leasing.

Job Description

Credit Officers manage a portfolio of large corporate clients and are responsible for structuring, underwriting, negotiating and monitoring financing solutions for their clients associated with syndicated loans, M&A bridge financings, hedging, leasing, and treasury management products. The GCIB Industrials portfolio consists of US multinational companies in sectors such as Aerospace & Defense, Airlines, Automotive, Building Products, Chemicals, Construction & Engineering, Commercial Services, Machinery, Packaging and Transportation in addition to diversified conglomerates. Credits in the portfolio are principally underwritten on a cash flow basis with a mix of investment grade and non-investment grade transactions. Responsibilities include but are not limited to:

  • Structuring, underwriting, negotiating, documenting and managing credit risk associated with all banking products for a designated client portfolio

  • Identifying opportunities to responsibly grow the loan portfolio

  • Mitigating losses in deteriorating credits through amendments and restructurings

  • Leading internal discussions and completing credit approval memorandums that summarize the merits and risks of a transaction based on due diligence findings, financial statement analysis, financial forecasting, assessments of terms and conditions, analysis of company and industry risks, and relationship profitability

  • Negotiating legal documentation related to loans and derivatives

  • Interfacing with internal control partners and external regulators

  • Training and mentoring Credit Analysts and Associates

Qualifications

  • 7+ years (VP) / 10+ years (Director) of experience in banking, preferably in credit related roles

  • Strong academic credentials, preferably with emphasis in finance, accounting or economics

  • Robust understanding of corporate finance and accounting concepts

  • Excellent writing and verbal communication skills

  • Strong negotiating and presentation skills

  • Ability to work in a dynamic team environment

  • Effective time management skills with ability to balance multiple competing priorities

**We reserve the right to hire at the Credit Officer or Sr Credit Officer level depending on experience**

Job Band:

H4

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

About Bank of America

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading. In 2021, we were recognized by Fortune as one of their 100 Best Companies to Work For, Euromoney as the World’s Best Bank for Corporate Responsibility and JUST Capital as one of their Most JUST Companies in America.

About Global Corporate & Investment Banking

Our Global Corporate & Investment Banking (“GCIB”) line of business focuses on building long-term relationships with more than 5,000 large U.S. and multinational corporations, financial institutions and financial sponsors. GCIB provides clients around the world and across all major industries with integrated solutions for lending, hedging, strategic advisory, debt and equity underwriting, treasury services and leasing.

Job Description

Credit Officers manage a portfolio of large corporate clients and are responsible for structuring, underwriting, negotiating and monitoring financing solutions for their clients associated with syndicated loans, M&A bridge financings, hedging, leasing, and treasury management products. The GCIB Industrials portfolio consists of US multinational companies in sectors such as Aerospace & Defense, Airlines, Automotive, Building Products, Chemicals, Construction & Engineering, Commercial Services, Machinery, Packaging and Transportation in addition to diversified conglomerates. Credits in the portfolio are principally underwritten on a cash flow basis with a mix of investment grade and non-investment grade transactions. Responsibilities include but are not limited to:

  • Structuring, underwriting, negotiating, documenting and managing credit risk associated with all banking products for a designated client portfolio

  • Identifying opportunities to responsibly grow the loan portfolio

  • Mitigating losses in deteriorating credits through amendments and restructurings

  • Leading internal discussions and completing credit approval memorandums that summarize the merits and risks of a transaction based on due diligence findings, financial statement analysis, financial forecasting, assessments of terms and conditions, analysis of company and industry risks, and relationship profitability

  • Negotiating legal documentation related to loans and derivatives

  • Interfacing with internal control partners and external regulators

  • Training and mentoring Credit Analysts and Associates

Qualifications

  • 7+ years (VP) / 10+ years (Director) of experience in banking, preferably in credit related roles

  • Strong academic credentials, preferably with emphasis in finance, accounting or economics

  • Robust understanding of corporate finance and accounting concepts

  • Excellent writing and verbal communication skills

  • Strong negotiating and presentation skills

  • Ability to work in a dynamic team environment

  • Effective time management skills with ability to balance multiple competing priorities

**We reserve the right to hire at the Credit Officer or Sr Credit Officer level depending on experience**

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-22096255

Band: H4

Manages People: No

Travel: Yes, 5% of the time

Manager:

Talent Acquisition Contact:

Sade' Barnes

Referral Bonus:

0

New York City pay and benefits information

New York City pay range:

$120,000 - $210,500 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.

Street Address

Primary Location:
ONE BRYANT PARK, NY, New York, 10036