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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. Were devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
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. Join us!
Job Description:
The Credit and Loans Ops team handles Bilateral, Syndicated, Committed, Non-Committed and Leasing Loans. The team liaises with internal stakeholders (Bankers, Enterprise Credit, Client Services and the Offshore processing teams) to ensure successful setting up of credit facilities and Loans disbursement. This team also assists with Bancontrol operations where it handles all operational matters related to dormant accounts.
Resposibilities:
Execute end-to-end credit operations processes including underwriting, documentation, and monitoring.
Manage loan operations activities such as loan booking, disbursement, repayment processing, fee collection and collateral management.
Collaborate with internal stakeholders including relationship managers, risk management, compliance, and legal teams to ensure timely and accurate processing of credit and loans transactions.
Monitor credit exposures, loan portfolios, and trade finance transactions to identify potential risks and implement appropriate risk mitigation strategies.
Ensure compliance with regulatory requirements, internal policies, and procedures related to credit and loans operations.
Provide coverage and support to other team members where necessary.
Drive process improvements and automation initiatives to enhance efficiency and effectiveness in credit and loans operations.
Stay updated on industry trends, best practices, and regulatory changes related to credit and loans operations.
Handle Bancontrol duties related to dormant accounts, including reviewing and reporting.
Maker and Checker duties for risk management and quality assurance.
Handle governance related activities such as start of day and end of day checking, monitoring and reporting.
Skills:
Bachelors degree or higher with at least 5 years working experience in banking operations with a focus on Credit and Loans Operations. Knowledge in Trade Finance Operations especially Bankers Guarantee and Letters of Credit Issuance will be a bonus.
Strong understanding of credit risk management principles, loan documentation and processes.
Strong communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.
Ability to plan and prioritize the daily work to achieve efficient and effective management of time and has exceptional attention to detail and accuracy in data entry and documentation.
Be able to work well with all associates and actively promote a cohesive working environment.
Be client focused in providing a high level or customer service and conscientiously aware of the quick turnaround time on the checking of documents.
Excellent presentations, communication, time management, problem solving, interpersonal and teamwork skills.
Proficiency in using banking systems and Microsoft Office suite. Knowledge in LIQ system is a benefit.
Excellent analytical, problem-solving, and decision-making skills.
Ability to work effectively under pressure, prioritize tasks, and meet tight deadlines.
Proven track record of process improvement and project management initiatives.
Good understanding and knowledge of OFAC/Anti-boycott/Anti-Money Laundering/High Risks Transaction.
Sound knowledge of regulatory requirements and industry best practices in credit and loans operations.
