Senior Credit Risk Manager - Distressed & Complex Exposures

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

Benefits offered by this job

Annual incentive plan

Benefits

Job summary

Bank of America in Chicago seeks an experienced Risk Management professional to provide independent credit risk oversight for a portfolio of complex distressed exposures across multiple lines of business. The role emphasizes risk judgment, policy adherence, and timely credit decisioning.

The position requires strong underwriting knowledge, regulatory familiarity, and leadership to coordinate with SAG executives, workout teams, and senior management while contributing to governance and reporting

Qualifications

• 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 to navigate across teams, implement change and resolve issues professionally.
• 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.
• 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, 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.
• Interact 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 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 policy

Risk assessment

Underwriting experience

Regulatory familiarity

Portfolio management

Leadership

Communication skills

Job description

Bank of America in Chicago seeks an experienced Risk Management professional to provide independent credit risk oversight for a portfolio of complex distressed exposures across multiple lines of business. The role emphasizes risk judgment, policy adherence, and timely credit decisioning.

The position requires strong underwriting knowledge, regulatory familiarity, and leadership to coordinate with SAG executives, workout teams, and senior management while contributing to governance and reporting