Job Description:VP, Credit Risk Officer - Special Assets GroupCompany 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.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re 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!Location Overview:Our London office is based just a stone’s throw from St. Paul’s Cathedral on King Edward Street. It features modern workspaces, a state-of-the-art auditorium, an onsite restaurant with sustainability in mind, a rooftop terrace, and onsite gym facilities 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 (POs) in managing a criticized/classified commercial loan portfolio. This includes structuring and underwriting 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 of working at Bank of America: UK

Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partnerCompetitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annumThe ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.Access to an Employee Assistance Program for confidential support and help for everyday mattersAbility to donate to charities of your choice directly through payroll and the bank will match your contributionOpportunity to access our Arts and Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.Bank of America:Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

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