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:

The Special Assets Group (SAG) Corp/Comm Senior Portfolio Officer/Portfolio Officer is an individual contributor responsible for supporting the management of a portfolio of criticized/distressed commercial credit exposures for our GCIB and GM business lines (AMRS /LATAM). The role is central to protecting the bank’s interests by developing and executing workout and resolution strategies focused on reducing the volatility and severity of losses and, where possible and appropriate, to maximize revenue and growth opportunities through rehabilitation and retention of client relationships

Responsibilities:

• Support and/or manage a portfolio of high‑risk, criticized, or distressed commercial credit exposures, including complex corporate and syndicated/agented transactions.
• Develop and execute workout and resolution strategies tailored to each credit situation (e.g., amendments, restructurings, forbearance, enforcement, exit planning), including scenario analysis and recovery assessments.
• Serve as a primary point of contact (as assigned) for loan related communications with borrowers, sponsors, bank participants, internal partners, and internal/external legal counsel; support negotiations and coordination across multi lender bank groups.
• Monitor borrower performance, financial condition, covenant compliance, and collateral position; identify emerging risks, recommend timely risk rating actions, and escalate issues appropriately.
• Prepare and/or support credit approval documentation (memos, strategy recommendations, risk assessments, covenant/structure analyses) and present materials to senior leadership/approval forums as needed.
• Support asset quality forecasting, portfolio monitoring, and management reporting routines to ensure accurate and timely visibility into portfolio trends and key risks.
• Ensure compliance with internal credit policies and applicable regulatory requirements.
• Collaborate closely with internal stakeholders (Corporate & Investment Banking teams, Risk, Finance, Operations) and external parties (counsel, advisors, bank groups) to drive outcomes and protect the Bank’s position.
• Coach and mentor junior associates on the team to help develop credit and corporate workout skills.

Required Qualifications:

• 4+ years of experience in corporate workout, credit restructuring, or related risk management experience.
• Demonstrated experience in syndicated and agented credit transactions, including multi-lender coordination and documentation support.
• Strong credit underwriting and analysis capabilities, including risk rating, structuring, covenant assessment, and complex capital structures.
• Analytical/technical skills, including financial accounting, modeling and loan structuring.
• Strong communication skills with the ability to influence vertically (executives), horizontally (partners), and externally (clients, counsel, creditors).
• Strong organizational skills with the ability to manage multiple priorities and time sensitive deliverables.
• Broad industry knowledge across multiple corporate sectors.

Desired Qualifications:

• Experience supporting or participating in corporate workouts, restructurings, or special situations, including amendments, forbearance, covenant resets, and recovery strategies for criticized or distressed credits.
• Exposure to syndicated and agented credit transactions, including coordination with multiple lenders, agents, and advisors, and familiarity with bank group dynamics and decision processes.
• Familiarity with business/commercial law concepts relevant to credit agreements and restructurings (contracts, insolvency frameworks).
• Demonstrated ability to operate effectively as an individual contributor in high‑pressure, time‑sensitive situations, exercising sound judgment, prioritization, and execution discipline with minimal supervision.
• Knowledge of ancillary banking products such as treasury services, derivatives, commercial cards, and deposits
• Bachelors Degree

Skills:

• Adaptability
• Collection Management
• Critical Thinking
• Problem Solving
• Risk Management
• Credit and Risk Assessment
• Decision Making
• Financial Analysis
• Legal Structures and Legal Forms
• Underwriting
• Client Management
• Loan Structuring
• Negotiation
• Oral Communications
• Written Communications

Shift:

Hours Per Week: