Senior Credit Risk Manager Distressed Exposures

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

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.