Special Asset Group Credit Officer II

Job Description:
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:
This job is responsible for directly managing a high-risk/criticized or distressed commercial loan portfolio. Key responsibilities include developing, negotiating, and implementing resolution strategies focused on reducing the volatility and severity of losses. Job expectations include adherence to all bank policies and regulatory requirements, proactive identification and mitigation of risks within the portfolio, and maintaining a high-level of integrity and ethical standards in all interactions.
The Special Assets Group (SAG) manages the Bank’s criticized, classified, and distressed commercial credit portfolio. SAG’s primary objective is to maximize recoveries, minimize loss severity, and execute disciplined, risk-based resolution strategies that protect the Bank’s interests while preserving long-term enterprise value where appropriate.
The SAG Credit Officer II is responsible for managing and resolving the Bank’s most complex criticized, classified, and distressed commercial credit relationships. The SAG Credit Officer II develops and executes resolution strategies, leads negotiations with borrowers and stakeholders, and provides subject matter expertise on complex credit situations. This role partners closely with senior leadership, Credit Risk, Legal, and line-of-business partners to drive resolution outcomes that maximize recoveries, minimize losses, and protect the Bank’s interests.
“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:
Develops, negotiates, and implements comprehensive resolution strategies
Manages and oversees adversarial collection actions (e.g. litigation, foreclosures, bankruptcies, and receiverships)
Ensures compliance with bank policies and regulatory standards
Oversees the asset quality of the portfolio through effective risk management practices
Conducts periodic portfolio reviews
Establishes and maintains collaborative partnerships with internal and external stakeholders
Manage a portfolio of highly complex criticized, classified, and distressed commercial credit relationships through all stages of the resolution process
Develop and execute credit resolution strategies to maximize recoveries, minimize loss severity, and protect the Bank’s interests through restructurings, repayment plans, settlements, discounted payoffs, collateral dispositions, note sales, and legal recovery actions
Lead the assessment and management of complex distressed relationships, evaluating borrower performance, collateral, guarantor strength, industry conditions, and legal considerations; negotiate with borrowers and key stakeholders and present recommendations and portfolio updates to senior leadership and risk partners
Drive effective portfolio management by monitoring performance, recovery trends, and risk migration; supporting forecasting, reserves, and criticized asset reporting; and mentoring associates while serving as a resource on complex credit situations and SAG process improvements
Required Qualifications:
7+ years of experience in corporate workout, credit restructuring, or related risk management experience
Extensive knowledge of commercial lending, credit analysis, commercial loan documentation, collateral analysis, and commercial credit structures
Proven negotiation skills and experience leading borrower, sponsor, legal, and lender discussions
Strong financial analysis skills, including cash flow analysis, collateral evaluation, repayment capacity assessment, and enterprise valuation concepts
Ability to exercise sound credit judgment and make decisions in complex, time-sensitive situations
Proven ability to work independently while influencing outcomes across multiple internal and external stakeholders
Strong communication skills; ability to communicate vertically, horizontally, and externally
Industry knowledge across multiple sectors
Desired Qualifications:
Knowledge of Business Law, a legal aptitude, strong knowledge of contracts, and knowledge of bankruptcy law
Ability to work independently on complex transactions while exercising sound credit judgment
Knowledge of ancillary banking products such as treasury services, derivatives, commercial cards, and deposits
Strong knowledge of Commercial Loan Documentation
Knowledge of Commercial Credit Structure
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
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - CA - Glendale - 611 N Brand Blvd - Glendale Center (CA7504)
Pay and benefits information
Pay range
$100,000.00 - $156,600.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This 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.
Benefits
This 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.

Skills
Negotiation, Financial Analysis, Risk Management, Documentation