Job Description:The Credit Officer role requires a comprehensive skill set to effectively execute broad risk management responsibilities within Corporate & Financial Institutions Credit Risk. Some of the responsibilities include: Develop and maintain a deep understanding of the Global Banking & Markets product spectrum; Responsible for driving speed to market and asset quality; Develop and maintain a deep understanding of the portfolio at the client, industry, and macro level in order to assess risk and craft value added solutions that balance risk and return; Independently assess the credit worthiness , including due diligence of prospective borrowers and/or trading counterparties and establish appropriate terms and conditions to mitigate risk within the bank's risk appetite/strategies; Manage a complex portfolio of clients via actively monitoring the portfolio including changes in credit profile and compliance with credit agreements; Provide high quality and efficient credit approval to Corporate Banking, Investment Banking, Global Markets and Treasury while observing compliance of established credit policies and guidelines; Structure transactions and negotiate credit documentation including; credit agreements, amendments, ISDAs, and CSAs; Establish appropriate internal risk ratings for clients and implement accurate adjustments throughout the client's credit life cycle; Develop, maintain, and manage internal relationships with business partners including Corporate and Investment Bankers, Sales & Trading, Risk Management, Syndications, and Legal; Participate in strategic projects to support business goals.
Responsibilities:- Responsible for all aspects of the credit risk management of Municipal Banking and Markets counterparties/issuers
- Manage a high-volume, fast-paced portfolio using a risk-based approach to support revenue generation while adhering to established credit risk standards
- Partner closely with Global Markets stakeholders, including Trading, Structuring, and Sales, as well as internal support functions
- Evaluate and support transactions within a dynamic capital markets and trading environment, requiring strong execution and prioritization skills
Required Qualifications:- 5+ years of prior counterparty credit risk management and due diligence experience
- Proficient with Microsoft Office, Bloomberg
Desired Qualifications:- Financial institutions or municipal counterparty experience
Skills:- Analytical Thinking
- Credit and Risk Assessment
- Financial Analysis
- Research Analysis
- Underwriting
- Attention to Detail
- Business Acumen
- Financial Forecasting and Modeling
- Loan Structuring
- Written Communications
- Business Development
- Collaboration
- Critical Thinking
- Portfolio Analysis
- Stakeholder Management
Shift:1st shift (United States of America)
Hours Per Week: 40
US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
Pay range
$145,000.00 - $198,000.00 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, 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.
