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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
This job is responsible for managing a highly-complex client portfolio. Key responsibilities include collateral monitoring and cash movement. Job expectations include complex collateral and transactional posting with client, regulatory, and reputation risk and providing resolution or escalates servicing questions, leveraging resources across functional areas to ensure an integrated approach to loan servicing. Additional responsibilities include participating in key assignments, offers subject matter expertise and provides leadership to less-experienced employees.
LOB Description: Global Credit Operations (GCO): Responsible for the fulfillment, servicing and protection of credit offerings for business banking, Global Wealth & Investment Management (GWIM), commercial and corporate clients as well as leasing and trade products.
Responsibilities:
Posts collateral information to system of record
Balances collateral between system of record and borrowing base
Monitors daily cash movement to and from client loan accounts
Sets up fixed-rate client loan requests
Handles a highly complex portfolio of clients including direct, agented and bought participation with both domestic and complex multi-currency components
Provides coaching and direction to less-experienced employees
Minimum Requirements:
Minimum of 4 years of commercial credit operations knowledge
Proven experience with Navigating bilateral commercial deal structures
Multi-tasking
Reading and interpretation of legal documents
Desired Skills:
College degree
Skills:
Analytical Thinking
Attention to Detail
Data Collection and Entry
Decision Making
Strategic Thinking
Adaptability
Customer and Client Focus
Issue Management
Oral Communications
Recording/Organizing Information
Collaboration
Legal Structures and Legal Forms
Prioritization
Written Communications
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
Shift:
1st shift (United States of America)
Hours Per Week:
40