Back to search results Credit Analyst III - Global Wealth & Investment Management Charlotte, North Carolina Additional locations Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Refer a friend Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge 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 Credit Analyst III proactively manages the credit risk of a portfolio by serving as a first line of defense in recognizing deteriorating financial trends via scheduled covenant testing. The Credit Analyst III is responsible for monitoring GWIM client compliance with reporting requirements and financial covenants.The Credit Analyst III is responsible for the setup of financial reporting and covenant requirements following a loan closing and for the subsequent testing of financial covenants within a given market. The Credit Analyst III will also help support the timely resolution of failed covenants by advising the credit team on covenant trends or specific details on the cause of the covenant failure. The Credit Analyst III also recommends waivers, amendments and other changes in loan terms to address credit or operational risk issues."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:Drive effective and efficient monitoring of client portfolios, including management of internal reporting and timely, accurate covenant testingCreate and maintain value-driven relationships with members of the client team and internal business partners in order to achieve objectives and resolve issues in timely mannerEnsure accurate monitoring of loan document requirements and covenants through Credit Taker Setups and Verifies in GMSComplete all required financial covenant testing within 30 days of document receiptProvide early warning of deterioration in client financial profile to client teamParticipate in resolution of covenant failuresPull financial reporting and covenant requirements out of loan documentation and setup in GMSActively manage a GMS queue of client relationships requiring financial covenant compliance testing within established timeframesImprove the operating environment through escalation of process gaps and highlighting opportunities for improvement at an Enterprise or GWIM Credit levelMange multiple tasks simultaneously and adjust workload to meet deadlinesRequired Qualifications:3 + yrs of credit analysis or a closely related credit risk role, including financial covenant testing and ability to interpret and apply Commercial credit agreement terminology and concepts2+ years of credit analysis experience with Commercial credit policies and proceduresProficient in interpreting various Commercial loan documents including credit agreement and amendments, setting up financial reporting and covenant requirements in systems such as GMSExperienced in managing compliance workflows and covenant breaches in a timely fashion and mitigating covenant riskStrong 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 structureWorking proficiency with Commercial loans, collateral, client data and workflow systems along with SharePoint, and Adobe AcrobatDesired Qualifications:Bachelor's degree in Accounting, Finance or equivalent experienceSystem knowledge of LIQ, PACE, GMS, GUS, EDR, Genesis, Image Trust, Navigator, SharePoint, KYC, Adobe Acrobat StandardSkills:Attention to DetailClient ManagementDecision MakingUnderwritingCredit Documentation RequirementsCritical ThinkingPortfolio ManagementProblem SolvingWritten CommunicationsFinancial AnalysisNegotiationShift:1st shift (United States of America)Hours Per Week: 40 Learn more about this role Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Refer a friend Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Full time JR-26019066 Manages People: No Travel: No Age requirement: Must at least be 18 years of age. Share: Save job Job saved