SAG Credit Risk Manager

Bank of America; Dallas (NC); On-site; USD 104,000 - 183,000; Full time

Benefits offered by this job

Competitive benefits

Paid time off

Job summary

Bank of America is seeking a Risk Management professional to oversee a portfolio of complex, distressed exposures with credit approval authority. You will evaluate requests, monitor risk ratings, reserves, and recoveries, and partner with workout teams on restructuring while maintaining independent judgment.

The role requires strong credit expertise, awareness of regulatory expectations, and the ability to communicate with senior leadership.

Qualifications

• Demonstrated ability to evaluate and make decisions regarding complex commercial credit situations.
• Strong understanding of commercial credit risk policy, risk-rating principles, collateral, cash flow, and repayment analysis.
• Solid underwriting experience and understanding of bank’s credit agreements.
• Familiarity with various regulatory agencies.
• Ability to manage a high-volume portfolio, prioritize competing matters, and make timely decisions using the best available information.
• Strong leadership skills necessary to navigate across teams, implement change and resolve issues/conflicts in a balanced and professional manner.
• Strong executive-level written, verbal, and interpersonal communication skills.

Responsibilities

• Provide independent risk oversight, challenge, and credit decisioning for a portfolio of complex criticized and distressed exposures.
• Evaluate credit requests and make timely decisions consistent with delegated authority, credit risk policy, the Risk Framework, and Risk Appetite, that can be high-volume at times.
• Assess risk ratings, accrual status, reserves, charge-offs, collateral support, repayment capacity, and recovery expectations.
• Partner with SAG Executives and workout teams in evaluating EMS (Exposure Management Strategy), restructuring, repayment, and exit strategies while maintaining independent risk judgment.
• Evaluate the Asset Quality implications of credit decisions and communicate material changes to senior management and key stakeholders including CRISA, LOB Risk and Finance.
• Interact with and work cooperatively with Commercial Accounting Policy on accounting and regulatory interpretations on the Bank's criticized portfolio.
• Heavily involved in AQ forecasting, portfolio reviews, and quarter end governance, data validation, and senior management reporting.
• Provide training on regulatory and policy changes on an as needed basis.
• Work with SAG Executives and workout officers to prepare for and participate in Shared National Credit Reviews, Audit, and Credit Review examinations.
• Review and enhance guidance documents, operating practices, and Problem Loan policy provisions applicable to the management of criticized and distressed debt.

Skills

Credit Risk

Critical Thinking

Risk Analytics

Risk Management

Strategic Thinking

Decision Making

Regulatory Knowledge

Issue Management

Portfolio Analysis

Regulatory Compliance

Business Intelligence

Financial Accounting

Inclusive Leadership

Presentation Skills

Job description

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.

Position Summary

This job is responsible for overall portfolio or product set performance and asset quality and includes credit approval authority. Key responsibilities include focusing on but not limited to credit, market, and reputational risk; as well as adherence to credit risk policies and external/internal reporting, including but not limited to Top of House (TOH) and Line of Business (LOB) specific reports or regulatory related reporting. Job expectations include having detailed knowledge of regulatory issues and providing expertise on highly complex transactions to business/support partners. The Risk Management position provides independent credit risk oversight and strategic guidance for criticized and distressed assets managed by the SAG Enterprise Credit workout teams across multiple lines of business. The role requires sound judgment, strong technical credit expertise, and the ability to make timely decisions in complex and evolving situations.

Responsibilities

• Provide independent risk oversight, challenge, and credit decisioning for a portfolio of complex criticized and distressed exposures.
• Evaluate credit requests and make timely decisions consistent with delegated authority, credit risk policy, the Risk Framework, and Risk Appetite, that can be high-volume at times.
• Assess risk ratings, accrual status, reserves, charge-offs, collateral support, repayment capacity, and recovery expectations.
• Partner with SAG Executives and workout teams in evaluating EMS (Exposure Management Strategy), restructuring, repayment, and exit strategies while maintaining independent risk judgment.
• Evaluate the Asset Quality implications of credit decisions and communicate material changes to senior management and key stakeholders including CRISA, LOB Risk and Finance.
• Interact with and work cooperatively with Commercial Accounting Policy on accounting and regulatory interpretations on the Bank's criticized portfolio.
• Heavily involved in AQ forecasting, portfolio reviews, and quarter end governance, data validation, and senior management reporting.
• Provide training on regulatory and policy changes on an as needed basis.
• Work with SAG Executives and workout officers to prepare for and participate in Shared National Credit Reviews, Audit, and Credit Review examinations.
• Review and enhance guidance documents, operating practices, and Problem Loan policy provisions applicable to the management of criticized and distressed debt.

Required Skills and Experience

• Demonstrated ability to evaluate and make decisions regarding complex commercial credit situations
• Strong understanding of commercial credit risk policy, risk-rating principles, collateral, cash flow, and repayment analysis.
• Solid underwriting experience and understanding of bank’s credit agreements
• Familiarity with various regulatory agencies
• Ability to manage a high-volume portfolio, prioritize competing matters, and make timely decisions using the best available information.
• Strong leadership skills necessary to navigate across teams, implement change and resolve issues/conflicts in a balanced and professional manner
• Strong executive-level written, verbal, and interpersonal communication skills.

Skills

• Credit and Risk Assessment
• Critical Thinking
• Risk Analytics
• Risk Management
• Strategic Thinking
• Decision Making
• Interpret Relevant Laws, Rules, and Regulations
• Issue Management
• Portfolio Analysis
• Regulatory Compliance
• Business Intelligence
• Financial Accounting
• Inclusive Leadership
• Influence
• Presentation Skills

Shift

Shift: 1st shift (United States of America)

Hours Per Week

Hours Per Week: 40

Pay and benefits information

Pay Transparency details US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110)

Pay range $104,300.00 - $183,000.00 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 industry-leading 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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Privacy Statement: https://careers.bankofamerica.com/en-us/privacy-notice

Bank of America culture and inclusion

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference.

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Pay Transparency

Pay Transparency: https://careers.bankofamerica.com/en-us/pay-transparency