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- Tasks: Lead corporate credit management and drive impactful financial solutions.
- Company: Join Bank of America, a leader in making financial lives better through meaningful connections.
- Benefits: Enjoy private healthcare, flexible benefits, mental health support, and community volunteering opportunities.
- Why this job: Make a real impact while working in a diverse, inclusive culture with modern office perks.
- Qualifications: Experience in corporate workouts, strong communication skills, and knowledge of credit markets required.
- Other info: Located near St. Paul’s Cathedral, our London office features a rooftop terrace and onsite gym.
The predicted salary is between 43200 - 72000 £ per year.
Job Title: Director, Special Assets Group Executive
Company Overview: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.
We are committed to being a diverse and inclusive workplace, investing in our teammates and their families, and offering competitive benefits to support their well-being. We believe in working together and providing flexibility depending on roles.
Joining Bank of America offers opportunities to learn, grow, and make an impact. Join us!
Location Overview: Our London office is located near St. Paul’s Cathedral on King Edward Street, featuring modern workspaces, a state-of-the-art auditorium, an onsite restaurant with sustainable seasonal menus, a rooftop terrace with views of London, an onsite gym, and a medical centre.
Role Description: The SAG Executive (individual contributor) manages large corporate and syndicated credit exposures within the classified and criticized portfolio, mainly to clients of our Investment Banking and Capital Markets in EMEA and APAC.
Skills That Will Help:
- Experience in corporate workout and commercial loan management (large corporate/syndicated credit)
- Strong communication and negotiation skills for managing internal and external bank/client interactions
- Experience with syndicated & agented credit transactions involving multiple lenders
- Knowledge of cross-border insolvencies and reorganizations
- Ability to establish effective internal business partnerships, including with legal counsel
- Strong credit risk management capabilities
- Skills in executing viable debt restructuring solutions
- Effective portfolio asset quality management and forecasting
- Knowledge of credit and capital markets (preferred)
- Strong organizational skills
- Mentoring junior team members
- Familiarity with ancillary banking products like treasury services, derivatives, commercial cards, and deposits
Benefits of Working at Bank of America UK:
- Private healthcare for you and your family, plus annual health screening
- Competitive pension, life assurance, and income protection
- Back-up childcare and adult care services
- Flexible benefits, wellbeing accounts, travel insurance, critical illness cover
- Access to mental health support, virtual GP, and Employee Assistance Program
- Charity donation matching
- Arts & Culture memberships and community volunteering opportunities
Our Commitment: We prioritize good conduct, sound judgment, and individual accountability. We are an equal opportunity employer and encourage candidates to inform us of any adjustments needed for the recruitment process.
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Director, Special Assets Group Executive employer: Alliance & Leicester
Contact Detail:
Alliance & Leicester Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Director, Special Assets Group Executive
✨Tip Number 1
Network with professionals in the banking and finance sector, especially those who have experience in corporate workouts and commercial loan management. Attend industry events or webinars to connect with potential colleagues and learn more about the role.
✨Tip Number 2
Familiarise yourself with the latest trends in credit risk management and debt restructuring solutions. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 3
Prepare to discuss your experience with syndicated and agented credit transactions. Be ready to share specific examples of how you've managed complex portfolios and established effective partnerships within a banking environment.
✨Tip Number 4
Showcase your mentoring skills by highlighting any experience you have in guiding junior team members. This is particularly important for a leadership role like the Director, Special Assets Group Executive, where developing talent is key.
We think you need these skills to ace Director, Special Assets Group Executive
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in corporate workout and commercial loan management. Emphasise your skills in managing large corporate and syndicated credit exposures, as well as any experience with cross-border insolvencies.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and how your background aligns with Bank of America's commitment to responsible growth. Mention specific examples of your strong communication and negotiation skills in previous roles.
Highlight Relevant Skills: Clearly outline your skills in credit risk management and portfolio asset quality management. If you have experience mentoring junior team members or familiarity with ancillary banking products, make sure to include that as well.
Proofread Your Application: Before submitting, double-check your application for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial for a Director-level position.
How to prepare for a job interview at Alliance & Leicester
✨Showcase Your Experience
Make sure to highlight your experience in corporate workout and commercial loan management. Be prepared to discuss specific examples of large corporate or syndicated credit transactions you've managed, as this will demonstrate your expertise in the field.
✨Demonstrate Strong Communication Skills
Since the role requires strong communication and negotiation skills, practice articulating your thoughts clearly. Prepare for potential scenarios where you might need to negotiate terms or manage client interactions, showcasing your ability to handle complex discussions.
✨Understand the Company Culture
Familiarise yourself with Bank of America's commitment to diversity and inclusion. Be ready to discuss how you can contribute to a positive workplace culture and support the company's values, as this will show that you align with their mission.
✨Prepare for Technical Questions
Expect questions related to credit risk management and debt restructuring solutions. Brush up on your knowledge of cross-border insolvencies and reorganisations, as well as ancillary banking products, to demonstrate your comprehensive understanding of the industry.
