Bank of America
Credit Support Associate II/III- Global Markets Credit
Bank of America, Chicago, Illinois, United States, 60290
Credit Support Associate II/III- Global Markets Credit
New York, New York;Pennington, New Jersey; Chicago, Illinois; Charlotte, North Carolina
To proceed with your application, you must be at least 18 years of age.
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To proceed with your application, you must be at least 18 years of age.
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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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
Support Credit Officers in underwriting, monitoring, and managing credit portfolios. Serve as a key liaison between credit teams, operations, and Global Market business partners. Handle complex transactions and provide support to other associates to mitigate risks.
This role can be filled as a II or III at the manager's discretion.
Key Responsibilities:
Manage end-to-end credit processes including underwriting, monitoring, and documentation
Coordinate pre- and post-closing activities, including due diligence and approval documentation
Support client onboarding by reviewing client prospectuses to identify risk objectives and ensure alignment with credit policies
Monitor compliance with credit agreements; maintain ticklers and collect financials
Identify and resolve data quality issues; suggest process improvements
Ensure adherence to policies and procedures
Lead or contribute to special projects
Coach and support other team members
Required Skills:
Experience in institutional banking and Global Markets (2-5 years)
Knowledge of trading documentation and agreements (ISDA, MSFTA, Repo, etc.)
Understanding new business, including reviewing prospectuses and documentation to identify risk objectives and ensure compliance with internal policies
Ability to manage and analyze large data sets, using tools like Excel or BI platforms to identify trends, inconsistencies, and opportunities for process improvement. Proficiency in Microsoft Office (Word, Excel, PowerPoint)
Familiarity with credit and risk systems, and ability to navigate data across multiple platforms to support underwriting and monitoring activities
Strong attention to detail and organizational skills
Effective written and verbal communication
Ability to prioritize and manage time effectively
Collaborative mindset with customer focus
Preferred Qualifications:
Understanding of trade exposure flows, including how transactions impact credit and market risk profiles
Knowledge of market risk concepts, such as interest rate risk, FX exposure, and counterparty risk, with ability to assess their relevance to client portfolios
Strong interpersonal and influencing skills
Ability to learn quickly and work independently
Copilot prompting to build efficiencies in reviewing client documentation
Bachelor's degree or equivalent experience
Skills:
Attention to Detail
Data Collection and Entry
Record Keeping
Oral Communications
Written Communications
Collaboration
Customer and Client Focus
Planning
Prioritization
Minimum Education Requirement:
High School Diploma / GED / Secondary School or equivalent
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12.pdf) .
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
New York, New York;Pennington, New Jersey; Chicago, Illinois; Charlotte, North Carolina
To proceed with your application, you must be at least 18 years of age.
Acknowledge
Refer a friend
To proceed with your application, you must be at least 18 years of age.
Acknowledge (https://ghr.wd1.myworkdayjobs.com/Lateral-US/job/New-York/Credit-Support-Associate-II-III--Global-Markets-Credit_25040721-2)
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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
Support Credit Officers in underwriting, monitoring, and managing credit portfolios. Serve as a key liaison between credit teams, operations, and Global Market business partners. Handle complex transactions and provide support to other associates to mitigate risks.
This role can be filled as a II or III at the manager's discretion.
Key Responsibilities:
Manage end-to-end credit processes including underwriting, monitoring, and documentation
Coordinate pre- and post-closing activities, including due diligence and approval documentation
Support client onboarding by reviewing client prospectuses to identify risk objectives and ensure alignment with credit policies
Monitor compliance with credit agreements; maintain ticklers and collect financials
Identify and resolve data quality issues; suggest process improvements
Ensure adherence to policies and procedures
Lead or contribute to special projects
Coach and support other team members
Required Skills:
Experience in institutional banking and Global Markets (2-5 years)
Knowledge of trading documentation and agreements (ISDA, MSFTA, Repo, etc.)
Understanding new business, including reviewing prospectuses and documentation to identify risk objectives and ensure compliance with internal policies
Ability to manage and analyze large data sets, using tools like Excel or BI platforms to identify trends, inconsistencies, and opportunities for process improvement. Proficiency in Microsoft Office (Word, Excel, PowerPoint)
Familiarity with credit and risk systems, and ability to navigate data across multiple platforms to support underwriting and monitoring activities
Strong attention to detail and organizational skills
Effective written and verbal communication
Ability to prioritize and manage time effectively
Collaborative mindset with customer focus
Preferred Qualifications:
Understanding of trade exposure flows, including how transactions impact credit and market risk profiles
Knowledge of market risk concepts, such as interest rate risk, FX exposure, and counterparty risk, with ability to assess their relevance to client portfolios
Strong interpersonal and influencing skills
Ability to learn quickly and work independently
Copilot prompting to build efficiencies in reviewing client documentation
Bachelor's degree or equivalent experience
Skills:
Attention to Detail
Data Collection and Entry
Record Keeping
Oral Communications
Written Communications
Collaboration
Customer and Client Focus
Planning
Prioritization
Minimum Education Requirement:
High School Diploma / GED / Secondary School or equivalent
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12.pdf) .
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.