Job Description

Overview

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an inoffice culture with specific requirements for officebased attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on rolespecific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description

The Community Development Banking Executive is accountable for leading the employees that are responsible for driving the client credit relationship including the end to end credit process. Leads some or all of the life cycle of a credit deal which may include: credit application, deal structuring, approval, preclose due diligence, document preparation, closing and ongoing monitoring activities. Maintains responsibilities for interfacing with business partners to achieve objectives, including providing expertise and consultation necessary to execute the credit process. The Community Development Banking Executive will drive operational excellence via strict adherence to credit policies/procedures and regulatory requirements, ensuring the work has a high standard of quality, accurate data integrity and timeliness.

Managerial Responsibilities

This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Opportunity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company Great Place to Work goals.
• Manager of Process & Data: Challenges endtoend process efficiency and effectiveness, champion data driven decisionmaking and removes obstacles to optimize operations.
• Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.
• Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.
• People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.
• Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability.
• Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
• Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the banks capabilities to meet client needs and to gain competitive advantage.

Responsibilities

• Underwrite, model, and structure LIHTC/subsidy loans
• Covenant monitoring, annual reviews, risk triggering, problem loan management.
• Policy compliance, audit readiness, CRA documentation
• Team supervision, mentoring, crossfunctional coordination
• Produce executive risk reports, pipelines, portfolio analytics
• Set lending policy, identify emerging risks, update credit framework
• Negotiate terms, coordinate due diligence with clients, legal, and third parties.

Required Qualifications

• 15+ years of Commercial Real Estate and/or related Experience.

Desired Qualifications

• Master's Degree

Skills

• Business Operations Management
• Decision Making
• Inclusive Leadership
• Risk Management
• Workforce Opportunity Management
• Business Acumen
• Change Management
• Executive Presence
• Leadership Development
• Performance Management
• Conflict Management
• Process Simplification
• Stakeholder Management
• Strategic Thinking
• Underwriting

Shift

1st shift (United States of America)

Hours Per Week

40

Pay Transparency details

US - CA - Los Angeles - 333 S HOPE ST - BANK OF AMERICA PLAZA (CA9193), US - CA - Newport Beach - 520 Newport Center Dr - Newport Beach 520 Ncd (CA6814), US - CA - San Francisco - 555 California St - Bofa Center - 555 California (CA5705), US - DC - Washington - 1800 K St NW - 1800 K Street NW (DC1842), US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - MA - Boston - 100 Federal St - 100 Federal St Lp (MA5100), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay range $175,000.00 - $320,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible. This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industryleading 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.

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