Special Assets Group Corp/Comm Sr Portfolio Officer

Special Assets Group Corp/Comm Sr Portfolio Officer Chicago, Illinois;New York, New York; Charlotte, North Carolina; Boston, Massachusetts; Providence, Rhode Island

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• 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
• Special Assets Group (SAG) Sr Portfolio Officer
• is responsible for managing a portfolio of problem commercial credit exposures, with an emphasis on the most complex and high-risk credits.

The role is central to protecting the bank's interests by developing and executing effective workout and resolution strategies focused on reducing the volatility and severity of losses and, when possible and appropriate, to maximize revenue and growth opportunities through rehabilitation and retention of existing client relationships

• Responsibilities:

• + Manage a portfolio of criticized or distressed commercial leasing relationships from strategy development through resolution + Develop and execute remediation, workout, restructuring, or exit strategies that reflect lessee performance, lease structure, collateral value, and contractual terms + Serve as the primary point of contact for lessees and coordinate engagement with internal partners, legal counsel, asset management teams, and external stakeholders + Evaluate ongoing lessee financial performance and its impact on lease economics, collateral recovery prospects, and credit risk exposure + Prepare credit approval documents, justify recommended strategies, and present to senior leadership for decisioning.

+ Lead negotiations related to lease modifications, restructurings, asset disposition strategies, or enforcement actions + 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.

• Minimum Qualifications:

• + Minimum of 7+ years of experience in commercial credit, leasing, structured finance, credit restructuring, or related risk management experience.

+ Demonstrated experience managing criticized or distressed leasing relationships + Strong understanding of lease structures, collateral considerations, and credit risk implications + Proven ability to apply sound judgment in ambiguous or judgment‑intensive credit situations + Credit analysis and underwriting skills, including risk rating, structuring, and covenant assessment. + Strong communication skills; ability to communicate vertically, horizontally, and externally

• 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 credit products, treasury services, derivatives, commercial cards, and deposits + 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 + Bachelors Degree •

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

• Shift:

• 1st shift (United States of America)

• Hours Per Week:

• 40 Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws.

The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. View your

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Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.