Agency Management Officer 3
About the job
- A minimum of three years of experience with syndicated lending operations and processes.
- Ability to coordinate and serve as the point of contact during deal and amendment closing processes.
- Ability to target communication to different audiences.
- Ability to navigate the enterprise and research and source information across the bank.
- Ability to organize, plan, prioritize, and manage deliverables proactively.
- Ability to influence, negotiate, and lead diverse groups to achieve desired results.
- Ability to apply critical thinking to analyze, identify, and address legal, business, reputational, and operational risk.
- Ability to adapt to a quickly evolving environment.
- High school diploma, GED, secondary school education, or equivalent.
- Proficiency in credit products, the syndication process, and governing documents.
- Ensure loan agreements comply with Bank standards and operational feasibility.
- Identify and manage issues proactively.
- Handle requests from internal and external business partners and clients, and provide strategic direction to them.
- Review new deals, amendments, waivers, and consents as needed.
- Maintain the integrity of deal and contract databases.
- Communicate clearly and manage workload effectively.
About the company
Bank of America provides a full range of financial services to individuals, small businesses, and large corporations, including banking, investing, asset management, and risk management products. Customers access services via branches, online and mobile banking, and advisory and trading capabilities across consumer banking, wealth management, corporate and investment banking. Its breadth, scale, and global reach enable cross-service solutions and large-scale operations that few peers match. Its goal is to be a trusted, full-service financial partner helping customers manage money, grow assets, and navigate risk.
Company Size
10,001+
Company Stage
IPO
Headquarters
Charlotte, North Carolina
Founded
1904
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Simplify's Take
What believers are saying
- September 28, 2026 Payments Insights adds AI analytics to CashPro for treasury clients.
- Bradesco's real-time cross-border payments pilot validates BofA's global payments platform.
- 2Q26 revenue rose 15% and net interest income hit $16.0 billion, supporting investment.
What critics are saying
- Reuters on October 1, 2026 flagged AI agents threatening BofA's deposit inertia.
- Merrill paid a $7.5 million SEC fine on June 29, 2026 for SAR failures.
- October 2026 debanking scrutiny and the $39 million cash-sweep settlement pressure Merrill clients.
What makes Bank of America unique
- Bank of America held $2.02 trillion average deposits in 2Q26, powering low-cost funding.
- CashPro handled 213 million payments in 1H26, giving BofA unmatched treasury data.
- Merrill and Private Bank reached $100 billion in Personal Retirement Strategy by September 2026.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Paid Vacation
Paid Sick Leave
Flexible Work Hours
Remote Work Options
Professional Development Budget
Conference Attendance Budget
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↓ -1%Bank of America shares fell approximately 1.3% on 1 October amid concerns that AI agents could disrupt the bank's deposit base. Reuters Breakingviews suggested AI could enable customers to quickly move cash to higher-yielding accounts, challenging banks' reliance on customer inertia. The stakes are substantial. Bank of America reported $2.02 trillion in average deposits and $16 billion in second-quarter net interest income. Checking accounts comprised 59% of its $957 billion consumer-deposit base, roughly $565 billion. Whilst AI could reduce servicing costs, customer-facing AI agents that automatically seek better yields could force banks to pay more to retain deposits. The scenario remains theoretical rather than evidence of an actual AI-driven deposit exodus. Investors should monitor deposit pricing, checking-account retention, and net interest income.
Bank of America's Merrill Lynch unit will pay $39 million to settle a class action lawsuit over cash sweep accounts, according to settlement papers filed late Wednesday in Manhattan federal court. The case covered Merrill Edge online retirement account holders between December 2016 and March 2020. Customers alleged Merrill Lynch swept idle cash into deposit accounts yielding only 0.05% to 0.14% annually, whilst other brokerages paid about 2%. Plaintiffs claimed this violated client agreements requiring a "reasonable rate." The settlement, which must be approved by US District Judge Valerie Caproni, avoids a trial scheduled for mid-October. The payment represents a tiny fraction of Bank of America's $9.1 billion quarterly profit reported in Q2. Similar lawsuits against other financial institutions have yielded mixed results, including a recent $70 million settlement with Oppenheimer.
CTO Realty Growth has closed a $1.0 billion unsecured credit facility, extending its debt maturity profile and increasing total commitments by $250 million. The Winter Park, Florida-based owner and operator of open-air shopping centres will use proceeds to repay outstanding borrowings under its previous $300 million revolving credit facility and two term loans. The new facility comprises a $400 million revolving credit facility due September 2030 and four term loans ranging from $150 million each, maturing between September 2029 and March 2032. The refinancing increases the company's weighted average debt maturity to 4.3 years from 1.6 years. Initial fixed interest rates on the term loans range from 3.4% to 5.3%, based on applied SOFR swaps. The facility was provided by a syndicate led by KeyBank National Association.
Bank of America has maintained its buy rating and $989 price target for Caterpillar after the industrial equipment maker secured 283 megawatts in AI-backed orders. The company has become an unexpected beneficiary of the artificial intelligence boom, as data centres require massive amounts of electricity and power equipment. Caterpillar posted its first quarter above $20 billion in sales during Q2, up 24% to $20.5 billion. Power generation retail sales surged 72% on demand for large generator sets and turbines for data centres. The company's backlog reached $72 billion, with power and energy customers placing orders through 2030. The latest catalyst came from Atlas Energy Solutions, which announced agreements with an unnamed frontier AI lab for two data centres using Caterpillar equipment.
Bank of America has reiterated its buy rating on Hewlett Packard Enterprise ahead of the company's networking investor day on 30 September. Analyst Wamsi Mohan maintained an $88 price target, representing roughly 40% upside from recent levels. HPE shares have more than doubled this year following the company's $14 billion acquisition of Juniper Networks in July. The deal transformed networking into HPE's fastest-growing segment, with third-quarter networking revenue jumping 74.9% to $2.9 billion. Bank of America expects the data centre networking market to grow about 40% annually through 2030, up from HPE's earlier 15% estimate. The firm projects HPE's networking revenue will compound at 15% to 20% yearly. However, BofA's model shows free cash flow potentially dipping to $2.75 billion in fiscal 2028 as capital spending rises sharply.