Credit Support Associate II/III- Global Markets Credit
Bank of America · Pennington, NJ · 3 wk ago
OTHRFull-time
About the role
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.
Responsibilities
- Manage end-to-end credit processes including underwriting, monitoring, and documentation
- Cook up pre- and post-closing activities, including due diligence and approval documentation
- Serve as the first point of contact for clients during onboarding, reviewing client prospectuses to identify risk objectives and ensuring 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
Requirements
- 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
- Able to prioritize and manage time effectively
- Collaborative mindset with customer focus
Qualifications
- Bachelor’s degree or equivalent experience
- 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
Skills
- Attention to Detail
- Data Collection and Entry
- Record Keeping
- Oral Communications
- Written Communications
- Collaboration
- Customer and Client Focus
- Planning
- Prioritization
- Health insurance
- Retirement savings plans
- Flexible spending accounts
- Employee assistance programs
- Professional development opportunities
Benefits
Bank of America offers a competitive benefits package that includes:
Pay
The salary range for this position is $80,000 - $120,000 annually, depending on experience and location.
Schedule
This role is available on a full-time basis, with 40 hours per week.