Bank of America · 5 months ago
SAG Corp/Comm Sr Port Officer
New York
Full-time
Onsite
Senior Level
$110K/yr - $206K/yr
7+ years expBank of America is committed to helping make financial lives better through every connection. The Special Assets Group (SAG) Corp/Comm Senior Portfolio Officer manages a portfolio of complex and high-risk commercial credit exposures, focusing on developing effective workout and resolution strategies to protect the bank's interests and maximize revenue opportunities.
Asset ManagementBankingFinanceFinancial ServicesFinTech
Responsibilities
Manage a portfolio of high-risk/criticized or distressed commercial loans
Develop and execute workout and resolution strategies tailored to each credit situation
Serve as the primary contact for all loan-related communications, including borrowers, bank participants, legal counsel, and internal/external stakeholders
Monitor borrower performance, financial condition, and covenant compliance to ensure timely risk rating adjustments and proactive issue identification
Prepare credit approval documents, justify recommended strategies, and present to senior leadership for decisioning
Support asset quality forecasting and reporting efforts
Ensure compliance with internal credit policies and applicable regulatory requirements
Collaborate with LOB partners, legal teams, and external bank groups to drive resolution outcomes
Coach and mentor junior associates on the team to help develop credit and corporate workout skills
Qualification
Required
Minimum of 7+ years of experience in corporate workout, credit restructuring, or related risk management experience
Strong credit analysis and underwriting skills, including risk rating, structuring, and covenant assessment
Analytical/technical skills, including financial accounting, modeling and loan structuring
Strong communication skills; ability to communicate vertically, horizontally, and externally
Industry knowledge across multiple sectors
Preferred
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
Ability for problem solving / critical / creative thinking / mental flexibility
Strong Negotiation Skills
Ability to think strategically, with an eye for detail
Benefits
Discretionary incentive eligible
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.
Company
Bank of America
Bank of America is a financial institution that offers credit cards, home loans, and auto loan services.
10001+ employees
H1B Sponsorship
Bank of America has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (780)
2024 (546)
2023 (590)
2022 (759)
2021 (715)
2020 (931)
Funding
Current Stage
Public CompanyTotal Funding
$3.59BKey Investors
Berkshire Hathaway
2025-02-20Post Ipo Debt· $387.99M
2024-11-26Post Ipo Debt· $2B
2020-07-28Post Ipo Equity· $400M
Leadership Team
Charissa Messer
Senior Vice President, Creative Agency Executive (Enterprise Creative Solutions)
Rami Salem
SVP Strategic Competitive Intelligence
Recent News
2026-02-07
2026-02-06
Morningstar.com
2026-02-05
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