Credit Risk Jobs in Missouri (NOW HIRING)

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 partnering with a credit team to support underwriting and ongoing monitoring for new and existing clients. Key responsibilities include preparing and reviewing credit analysis to assess creditworthiness and risk, using multiple tools and systems to support underwriting/monitoring, and drafting financial analysis for approval and monitoring materials. Job expectations include independent analysis of qualitative and quantitative data, including financial statements, projections, industry data, covenant compliance, collateral documentation, and policy requirements.

The Financial Analysis & Monitoring Specialist ("FAM Specialist ") is responsible for the timely completion of accurate financial statement spreads and risk ratings in support of underwriting new credit requests, renewals, and traditional portfolio monitoring. The Specialist will also perform annual reviews on client relationships in alignment with Business Unit policy and procedures.

"Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy"

Responsibilities:

• Analyzes client financial information, preparation of financial projections identification/mitigation of potential risks, compliance with regulatory requirements and evaluation of collateral in determination of credit worthiness

• Participates in loan structure conversations and completion of loan documentation

• Completes monitoring activities via analysis of clients' financial performance and collateral evaluation to ensure appropriate requirements are met

• Participate in client meetings to develop a deeper understanding of the client's business, management team, and past and future performance, and review completed requests to ensure compliance with policy and procedures

• Understands how credit data is used internally and provided to regulatory partners

• Participates in periodic portfolio reviews

• Reviews work of junior teammates to provide feedback/coaching and ensure compliance with laws, rules, regulations and policy / procedure

• Spread and analyze complex financial information, including Personal Financial Statements, Brokerage statements, Personal Tax Returns and Schedule K-1s, Business financials, etc. for high-net-worth clients.

• Accurately risk rate clients using regulatory definitions, good credit judgement and the Risk Rating Scorecard tool.

• Understand and leverage tools, systems, and applications used in day-to-day functions such as Excel, Outlook, GUS, Loan IQ, EDR, Risk Rating Scorecard, etc.

Required Qualifications:

• Experience: 3 - 5 years in credit analysis, accounting, financial analysis, or a closely related credit risk role, including financial covenant testing and the ability to interpret and apply Commercial credit agreement terminology and concepts.

• Policies and Procedures: 2+ years of credit analysis experience with Commercial credit policies and procedures

• Technical Skills: Proficient in interpreting various Commercial loan documents.

• Credit Analysis: Strong working knowledge of commercial loan structures and financial statement analysis, including personal financial statements, brokerage statements, rent rolls, and NOI statements; ability to identify and escalate early signs of credit deterioration, within the Commercial credit structure.

• Operational Support: Exposure to GMS/Tableau reporting, documentation management, and process improvement.

• Project Coordination: Capable of independently running analysis on credit supported small projects and streamlining team operations.

• Systems Knowledge: Working proficiency with Commercial loans, collateral, client data and workflow systems along with SharePoint, and Adobe Acrobat.

Desired Qualifications:

• Bachelor's degree in Accounting, Finance or equivalent experience

• System knowledge of LIQ, PACE, GMS, GUS, EDR, Genesis, Image Trust, Navigator, SharePoint, KYC, Adobe Acrobat Standard

Skills:

• Attention to Detail

• Client Management

• Decision Making

• Underwriting

• Credit Documentation Requirements

• Critical Thinking

• Portfolio Management

• Problem Solving

• Written Communications

• Financial Analysis

• Negotiation

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

Hours Per Week: