Leasing Credit Officer I / II-Global Corporate Aircraft Finance

Description

This Portfolio Manager position is responsible for the on-going monitoring of Global Leasing’s ~$7Bn Global Corporate Aircraft Finance portfolio (“GCAF”). Management and monitoring responsibilities will cover an assigned book of lending / leasing relationships with exposures up to $100MM+ that are assigned risk ratings the equivalent of regulatory Pass, Criticized, and Classified categories. Relationships extend across a wide variety of industries, and include Corporations, as well as High Net Worth Individual and International accounts.

The Leasing Credit Officer (“LCO”) will act as the lead underwriter for the management of existing client exposures, responsible for the ongoing monitoring and tracking of required monthly workflow that will include the setting of appropriate obligor and facility risk ratings through ongoing review of client financial statements, covenant compliance, loan / lease legal documents, collateral, and monitoring of news articles and other early warning alerts, as well as through interaction with Risk Management Officers, Marketing Officers, SAG Officers, Legal, Equipment Management Officers and Credit Underwriting Officers. The LCO will be tasked with writing required periodic customer status reviews, High Attention Credit (“HAC”) memos, and Scheduled Exposure Reports (“SERs”), as well as ad-hoc credit-related requests for clients, including the review and approval of extensions, waivers and amendments to existing leases or loans when they occur.

The position will include routine interaction with Global Leasing’s Risk Management Officers, Marketing Officers, SAG Officers, Legal, Equipment Management Officers and front-end Credit Underwriting Officers. The LCO will also have direct contact with customers, when required. When a non-leasing Bank relationship exists, the associate will be expected to work with the Bank credit teams to assure awareness of any required actions and risk rating assignments to assess impact to Leasing exposure and interact effectively with Bank partners. The assigned portfolio of accounts will include primarily pass rated accounts but may also include Criticized (troubled / workout) assets managed outside of the Special Asset Group.

Supplementary to the above, the LCO will also assist the Portfolio Group Manager in the tracking of monitoring deliverables on transactions still managed by Global Leasing’s front-end Credit Underwriters for resolution and transfer to the Portfolio Management Group (“PMG”) for primary monitoring. These fully funded transactions have not yet been transferred to PMG for full monitoring but require ongoing review and credit analysis to assure that appropriate obligor and facility risk ratings and periodic reviews are both accurate and completed timely. The LCO will be tasked with the direct review and updating of any necessary financial analysis, risk rating scorecards, and status reviews on these transactions, working with the Credit Officer to assure file completeness and ultimate transfer to the PMG.

The successful LCO will be able to simultaneously manage multiple demands and priorities while maintaining organization, adherence to deadlines and compliance with policy. Additionally, the ability to identify, anticipate and to proactively address potential credit problems early in the process is critical, with appropriate escalation to credit peers or managers.

Responsibilities :

• Reviews existing end-user credit opportunities including identification and assessment of risks and identifies mitigating factors
• Partners with client-facing teammates to consult on extensions and restructures of existing exposures, providing product expertise and consultation necessary to deliver the best possible solution to the client.
• Prepares detailed write-ups, analyzing credit risk while adhering to internal policy, procedures and regulatory requirements
• Manages the credit process for a portfolio of clients including reviewing financial statements, assessing the client's compliance with financial covenants, confirming the accuracy of risk ratings, and recommending changes as warranted

Required Qualifications :

Desired Qualifications :

Skills :

Shift :

1st shift (United States of America)

Hours Per Week :

Pay Transparency details

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - RI - Providence - 1 Financial Plaza (RI1537)Pay and benefits informationPay range$70,000.00 - $167,200.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and / or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.