Credit Risk Officer - Corporate/Commercial
Company: Disability Solutions
Location: San Francisco
Posted on: September 28, 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.Job Responsibilities:The Credit Risk Officer will be
responsible for managing a portfolio of 15-20 corporate clients
which, in addition to the above, includes: conducting financial
analysis; tracking portfolio company performance and assessing
ongoing creditworthiness; and assisting in the origination,
negotiation and structuring of senior bank debt and related credit
products. You will be expected to build extensive knowledge of each
client drawing upon in-depth research and industry expertise. As a
member of Enterprise Credit, you will work closely with
professionals throughout Risk and Global Banking and Markets,
particularly colleagues in Corporate Banking / Relationship
Management, Trading (primarily FX and Interest Rate Swaps),
Treasury Management and Syndications (investment grade and
leveraged finance). Responsibilities also include qualitative and
quantitative due diligence on industry and company factors.
Additional responsibilities are as follows:
- Researching, writing and presenting financial and industry
analysis in support of company specific and portfolio level
decisions
- Evaluating transaction and relationship risk-adjusted
profitability to facilitate the allocation of and return on
capital
- On-going monitoring of client's financial performance, industry
trends and emerging risks
- Participating in the structuring, underwriting and
documentation of credit facilities designed to meet both client and
investor needs as well as balance the bank's internal risk/return
requirements
- Monitoring and managing credit exposure associated with the
Bank's broad range of products including Loans, Leasing, Foreign
Exchange, Derivatives, & Treasury Management
- 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
issuesRequired Qualifications:
- 7+ years Commercial/Corporate banking risk and/or analysis
experience
- Understanding of basic accounting
- Working knowledge of corporate finance
- Strong business writing skillsDesired Qualification:
- Bachelors Degree
- Foundational understanding of legal credit agreements
- Ability to coach junior teammates
- Working knowledge of ancillary bank products (treasury, cash
management, derivatives, etc.)
- Specific experience within Technology, Media, Telecom & Gaming
a bonus 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 CommunicationsShift:1st shift (United States of
America)Hours Per Week: 40Pay Transparency detailsUS - CA - San
Francisco - 555 California St - Bofa Center - 555 California
(CA5705), US - 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, San Francisco , Credit Risk Officer - Corporate/Commercial, Accounting, Auditing , San Francisco, California
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