Overview

Company Overview: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. Bank of America believes in diversity and inclusion and offers flexible work arrangements. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference.Location

London, United Kingdom. Our London office is based just a stone\''s throw from St. Paul’s Cathedral on King Edward Street. We offer modern workspaces, an onsite restaurant with sustainable menus, a rooftop terrace, an onsite gym, and a medical centre.Role Description

The Credit Risk Officer (CRO) role is a senior analytical and strategic resource within the Special Assets Group (SAG), supporting SAG Senior Portfolio Officers in managing criticized/classified commercial loan portfolios. This includes structuring and underwriting of credit facilities, providing financial and collateral analysis, drafting credit approvals, asset quality forecasting, monitoring covenant compliance and adherence to regulatory requirements. This role is suited for an experienced credit professional with strong analytical skills, sound judgment, and the ability to manage complex credit situations. Over time, the CRO may assume responsibility for a portfolio of less complex relationships within the SAG EMEA/APAC team.Responsibilities

Provide analytical support to SAG POs in developing and executing loan workout, restructuring, and recovery strategiesPrepare credit approval packages, risk rating analyses, asset quality forecasts, and restructuring recommendationsMonitor covenant compliance, borrower performance, and collateral adequacyParticipate in client meetings, negotiations (as appropriate), and strategy sessions with internal/external stakeholdersContribute to regulatory reporting, internal audits, and governance processesParticipate in strategic projects to support business goalsBuild strong partnerships with internal partners, including Corporate Banking, Investment Banking, Legal, Risk, and FinanceDevelop and maintain a deep understanding of the product spectrum and portfolio at the client, industry, and macro level to assess risk and craft value-added solutionsWhat we are looking for

Experience in commercial workout, credit risk management, or commercial loan underwriting related experienceStrong knowledge of commercial loan structures, corporate finance, and financial statement analysisFamiliarity with syndicated and agented loan structures, including multi-lender negotiationsExcellent written and verbal communication skills, with demonstrated ability to produce clear, persuasive materials for senior audiencesProven ability to manage multiple priorities and meet tight deadlines in a high-pressure environmentExperience working in Corporate Workout, Leveraged Finance, Structured Credit, Distressed Debt Advisory, or a Restructuring team (bank, advisory, or buy-side)Experience with collateral valuation, liquidation analysis, and capital markets transactions related to distressed assetsProactive self-starter, motivated and with an aptitude to learn quickly under pressure in a fast-paced environment with the ability to manage within tight deadlinesSkills that will help

Credit and Risk AssessmentCritical thinking and problem solvingFinancial modeling and analysisKnowledge of loan documentation and credit agreementsInterpret relevant Laws, Rules, and RegulationsCollaboration and cross-functional teamworkStrong oral and written communicationAbility to synthesize complex data and present clear, actionable recommendationsBenefits

Benefits of working at Bank of America (UK):Private healthcare for you and your family plus an annual health screenCompetitive pension plan, life assurance and group income protection20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annumFlexible core benefits with optional wellbeing and travel-related benefitsAccess to emotional wellbeing resources and confidential supportEmployee Assistance Program and payroll-giving with matchingArts and Culture corporate membership and discounted cultural institution entriesVolunteer opportunities and community involvementEEO and Employment Information

Good conduct and sound judgment are crucial to our long-term success. We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on grounds of sex, gender identity, race, religion, age, sexual orientation, disability or other statuses. We strive to ensure our recruitment processes are accessible to all candidates and encourage any adjustment requirements to be shared.Seniority level

ExecutiveEmployment type

Full-timeJob function

Finance and SalesIndustries

Banking

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