Full-Time

Operations Consultant

Global Specialized Credit Ops

Posted on 11/19/2024

Bank of America

Bank of America

10,001+ employees

Provides banking and financial services globally

Fintech
Financial Services

Compensation Overview

$57.4k - $88.5kAnnually

+ Discretionary Incentive

Mid

Chicago, IL, USA

Located at 540 W Madison St - Bank Of America Plaza, Chicago, IL.

Category
Quality Control & Compliance
Supply Chain Management
Operations & Logistics
Requirements
  • Lending documentation experience.
  • Highly proficient in Word and Excel
  • Detailed oriented and strong ability to multi-task in a fast paced environment
  • Self-starter with excellent verbal, written and people skills
Responsibilities
  • Advises on the design, development, and implementation of complex products, systems, and services in an operations environment using discretionary judgment
  • Advises on projects and directs activities of a team related to special initiatives
  • Advises as a technical expert in assigned area, providing an understanding of the business unit's operations processes and implications on other groups within the operations function
  • Consults on present-state, develops alternative future-state approaches, and facilitates implementations by creating a clear and coherent approach to guide effective program/initiative setup, execution, and control
  • Identifies and recommends responsibilities and accountabilities for key programs/projects
  • Independently coordinate preparation and review of loan/lease documentation, funding and set-up on system of record
  • Responsible for providing a consistently high level of service to Vendors/Customers in a timely manner
  • Performing assigned tasks quickly and efficiently, responding to requests for information, communicating issues to appropriate parties and ensuring that responses to customers are prompt, professional and courteous
  • Interface on a daily basis with underwriters, portfolio managers, customers and other internal business partners
  • Update Exceptions Tracking System for receipt of lease/loan monitoring requirements
  • Interface with Records Administration to assure proper routing and scanning of documents
  • Exception escalation/reporting/resolution in conjunction with Credit Team and external business partners
  • Utilization and review of a variety of systems and reporting tools that are required in the support of all above-mentioned tasks
  • Special projects as required

Bank of America provides a wide range of financial services to individuals, small and medium-sized businesses, and large corporations. Their offerings include banking, investing, asset management, and risk management products. The company serves around 56 million consumer and small business clients in the U.S. and is recognized as a leading wealth management firm. Additionally, Bank of America is a major player in corporate and investment banking, as well as trading. What sets Bank of America apart from its competitors is its extensive client base and comprehensive service offerings that cater to various financial needs. The company's goal is to help clients achieve their financial objectives through a diverse array of financial solutions.

Company Stage

IPO

Total Funding

N/A

Headquarters

Charlotte, North Carolina

Founded

1904

Simplify Jobs

Simplify's Take

What believers are saying

  • Bank of America is exploring blockchain for faster, secure cross-border payments.
  • The bank collaborates with fintech firms to enhance digital offerings.
  • It invests significantly in cybersecurity to protect customer data and maintain trust.

What critics are saying

  • Increased competition in the credit facility market may impact market share.
  • Large corporations raising capital through share sales could affect traditional banking services.
  • The rise of fintech platforms could disrupt traditional syndicated loan processes.

What makes Bank of America unique

  • Bank of America is a global leader in corporate and investment banking.
  • The company is committed to a $1 trillion sustainable finance goal by 2030.
  • It invests heavily in AI-driven customer service tools for enhanced user experience.

Help us improve and share your feedback! Did you find this helpful?

INACTIVE