Credit Associate

Support Credit Officers in underwriting, monitoring, and managing credit portfolios. Serve as a key liaison between credit teams, operations, and Global Market business partners. Handle complex transactions and provide support to other associates to mitigate risks. This role can be filled as a II or III at the manager's discretion. Key Responsibilities Manage end-to-end credit processes including underwriting, monitoring, and documentation Coordinate pre- and post-closing activities, including due diligence and approval documentation Support client onboarding by reviewing client prospectuses to identify risk objectives and ensure alignment with credit policies Monitor compliance with credit agreements; maintain ticklers and collect financials Identify and resolve data quality issues; suggest process improvements Ensure adherence to policies and procedures Lead or contribute to special projects Coach and support other team members Required Skills Experience in institutional banking and Global Markets (2-5 years) Knowledge of trading documentation and agreements (ISDA, MSFTA, Repo, etc.) Understanding of new business, including reviewing prospectuses and documentation to identify risk objectives and ensure compliance with internal policies Ability to manage and analyze large data sets, using tools like Excel or BI platforms to identify trends, inconsistencies, and opportunities for process improvement. Proficiency in Microsoft Office (Word, Excel, PowerPoint) Familiarity with credit and risk systems, and ability to navigate data across multiple platforms to support underwriting and monitoring activities Strong attention to detail and organizational skills Effective written and verbal communication Ability to prioritize and manage time effectively Collaborative mindset with customer focus Preferred Qualifications Understanding of trade exposure flows, including how transactions impact credit and market risk profiles Knowledge of market risk concepts, such as interest rate risk, FX exposure, and counterparty risk, with ability to assess their relevance to client portfolios Strong interpersonal and influencing skills Ability to learn quickly and work independently Copilot prompting to build efficiencies in reviewing client documentation Bachelor's degree or equivalent experience Skills Attention to Detail Data Collection and Entry Record Keeping Oral Communications Written Communications Collaboration Customer and Client Focus Planning Prioritization Minimum Education Requirement High School Diploma / GED / Secondary School or equivalent Shift 1st shift (United States of America) Hours Per Week 40 Location Employees may be located at various Bank of America towers in Chicago, Pennington, and New York. Pay Range $30.21 - $50.07 hourly pay, offers determined based on experience, education, and skill set. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to employees so they can make a genuine impact and contribute to the sustainable growth of the business and the communities served. #J-18808-Ljbffr