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About this Credit Services Consultant role at Bank of America

Bank of America · Onsite · Charlotte

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
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About Bank of America

Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure. Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity. Getting started Regardless of the position you are interested in, the starting points to building your resume are the same: 1. Determine the job or types of jobs you want to do and research their responsibilities and qualifications. 2. Think about why you can do the job and make a list of your skills that are relative to the job. 3. Identify experiences or accomplishments that show your proficiency in t

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