The PMO is responsible for underwriting and structuring of straightforward and complex credit transactions with minimal oversight from the CPO/CPM. The PMO is able to underwrite complex credit transactions with minimal oversight from the CPO and also approves credit transactions with some coaching from the CPO/CPM based on approval grid.
The PMO leads the credit approval process with assistance from the CPM as needed for clients without CPO coverage and is an active participant with the CPO in credit approval process for complex clients/transactions. PMO leads documentation and closing for straightforward credit transactions and has an active role with the CPO in documentation and closing for complex transactions. Provides ongoing management and primary accountability for all monitoring and maintenance activities on an assigned portfolio, including a higher composition of complex client relationships.
The PMOs have primary accountability for all monitoring and maintenance activities on an assigned client base primarily larger/complex client relationships.
They monitor clients operating performance and financial condition to proactively identify issues and opportunities. They deliver financial, industry, economic and other analysis to facilitate decision making, while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements.
The PMOs provide ongoing coaching and support to other Credit Products team members. They report to the Credit Products Manager (CPM) and partner closely with CPOs and Credit Products Analysts (CPA). CREB PMOs have similar job responsibilities but do not typically perform the underwriting function.
General qualifications include: a BS/BA degree preferred, 5+ years of solid experience in financial analysis, structuring, underwriting and portfolio management, strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring.
Bank of America will consider for employment qualified applicants with criminal histories consistent with San Francisco ordinance 17-14 and federal law applicable to Bank of America.
Posting Date: 06/18/2018
Location: Phoenix, AZ, COLLIER CENTER, 201 E WASHINGTON ST, San Francisco, CA, 555 California St (CA5705), Los Angeles, CA, BANK OF AMERICA PLAZA, 333 S HOPE ST, Denver, CO, REPUBLIC PLAZA, 370 17TH ST, Chicago, IL, 135 S LA SALLE ST (IL4135), Seattle, WA, FIFTH AVENUE PLAZA, 800 5TH Ave, - United States
Full / Part-time: Full time
Hours Per Week: 40
Shift: 1st shift
Bank Of America Corporation