Proactive Risk Detection Specialist - Commercial Credit

Bank of America; Phoenix (AZ); On-site; USD 74,000 - 115,000; Full time

Job summary

Bank of America is seeking a Product Specialist II for Business Banking in Chicago, IL. You will perform proactive portfolio monitoring, analyze relationships, identify risks, and support credit policy adherence throughout the credit lifecycle.

You will renew cash-secured Letters of Credit, coordinate with Sales, Credit and Risk teams, and ensure timely loan monitoring. The role requires collaboration, strong analytical skills, and attention to data integrity in credit systems.

Qualifications

• At least 18 months in relevant banking/credit roles.
• Basic understanding of financial statement analysis and risk assessment.
• Working knowledge of credit systems (CreditCenter, Credit Sync, Loan IQ).
• Strong analytical, organizational, and problem-solving skills.
• Ability to manage multiple priorities and work independently.
• Effective communication and collaboration across teams.
• Attention to detail and commitment to quality.
• Proficiency with Microsoft Office (Excel, Word, Outlook).
• Willingness to adapt and develop technical skills.

Responsibilities

• Conduct relationship reviews and ongoing risk monitoring for Business Banking clients via PRD.
• Renew eligible cash-secured Letters of Credit through the PBU process.
• Monitor client credit compliance and escalate exceptions.
• Complete risk rating scorecards and maintain risk assessments.
• Perform flood due diligence and ensure regulatory compliance.
• Maintain data integrity across credit systems and supporting documentation.
• Analyze financial, operational, and credit data to identify risks and opportunities.
• Collaborate with Sales, Credit and Risk to resolve exceptions.
• Ensure timely follow-up and completion of loan monitoring requirements.
• Support portfolio quality through sound credit practices.
• Deliver client and partner support throughout the credit lifecycle.
• Maintain compliance with bank policies and regulatory requirements.

Skills

Commercial Banking

Credit Administration

Underwriting Support

Risk Management

Loan Servicing

Financial Services

Education

Bachelor's degree in Business Administration, Finance, Accounting, Economics

High School Diploma / GED

Tools

CreditCenter

Credit Sync

Loan IQ

Job description

Bank of America is seeking a Product Specialist II for Business Banking in Chicago, IL. You will perform proactive portfolio monitoring, analyze relationships, identify risks, and support credit policy adherence throughout the credit lifecycle.

You will renew cash-secured Letters of Credit, coordinate with Sales, Credit and Risk teams, and ensure timely loan monitoring. The role requires collaboration, strong analytical skills, and attention to data integrity in credit systems.