Credit Review Senior Portfolio Specialist
National Black MBA Association, Chicago, IL, United States
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 in‑office culture with specific requirements for office‑based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role‑specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description This job is responsible for leading through examinations and continuous monitoring by providing an independent assessment of the quality of credit decisioning, portfolio management, risk recognition practices, and the effectiveness of credit processes across the bank’s credit platform. This role will also be responsible for identifying existing and emerging risks, and reporting findings to various stakeholders, including executive management, the Board of Directors or committee thereof, external auditors and regulatory agencies.
Responsible for working with Portfolio Manager(s) to establish and execute a risk based coverage plan monitoring specific portfolio(s) within the large corporate credit portfolios within Enterprise Credit. Coverage plan includes, at a minimum, examinations, transaction reviews, risk assessments and issue management. Key responsibilities include leading examinations as an Examiner‑in‑Charge or Assistant Examiner‑in‑Charge, issues management, and performing and reviewing transactional testing of credit process execution controls of new and existing clients to evaluate appropriateness of client selection, adherence to underwriting expectations, quality of ongoing monitoring and risk rating accuracy to proactively identify emerging risks and their impact on portfolio credit quality. Job expectations includes managing field work capacity for exams to ensure accurate and timely execution. Coaching, mentoring, and reviewing the work product of new or junior team members. Establishing working relationships with relevant Risk and regulatory partners to facilitate ongoing dialogue of key issues and emerging risks. Additionally, assisting the Portfolio Manager(s) in preparing quarterly Business Assessment Reports and Coverage Plans; maintains awareness of current economic trends and its impact on credit portfolios.
Responsibilities
Participates in exam activities and/or periodically serves as an Examiner‑in‑Charge, Assistant Examiner‑in‑Charge or Examiner
Performs transactional testing of credit process execution for new and existing clients, and provides direct and timely feedback on transactional reviews completed by others
Provides assistance on portfolio reporting as needed and engages in stakeholder discussions alongside the Portfolio Manager
Tracks and follows observations from exams and testing
Provides regulator updates on results, and responds to inquiries
Engages with Corporate Audit to ensure ongoing awareness of review activity, coordination, and ongoing risk assessment
Manages issues, including approval of issue severity ratings, action plans, ongoing issue status tracking, and oversight of issue validation
Assimilates information from various sources to identify emerging risks
Drives a culture of continuous improvement by leading or participating in complex or multiple projects
Produces quality, timely work
Required Qualifications
Extensive commercial credit related experience, including deep understanding of large or complex portfolios
Experience in risk management, lending and/or regulatory agencies
Excellent credit analysis and project management skills, excellent verbal and written communication, strong interpersonal and leadership skills
Data manipulation and analysis skills
Effective process assessment skills— the ability to identify control gaps and their implications to the broader population
Ability to support conclusions through fact‑based analysis and ability to influence senior leaders
Ability to manage multiple complex tasks while delivering high quality results
Experience navigating a matrix organization
Independent and takes initiative
Resourcefulness in identifying, assessing, and reporting on emerging risks
Experience with a Credit Review examination process
Proficiency in Excel
Ability to work in a team environment, focus on high quality execution
Critical thinker, high energy and intellectually curious
Experience with leading without authority
Desired Qualifications
10+ years of direct commercial credit experience. Large corporate experience with knowledge of international, leveraged lending, project finance, infrastructure and/or renewable energy strongly preferred
Demonstrated experience in identifying, assessing and reporting on existing and emerging risks
Experience with direct applicability to Credit Review responsibility
Ability to coach/mentor new or less experienced associates
Skills
Exam Planning
Financial Analysis
Internal Credit Review
Risk Management
Underwriting
Business Acumen
Credit and Risk Assessment
Critical Thinking
Issue Management
Portfolio Analysis
Analytical Thinking
Regulatory Compliance
Relationship Building
Stakeholder Management
Written Communications
Shift 1st shift (United States of America)
Hours Per Week 40
Pay Transparency Details US – IL – Chicago – 540 W Madison St – Bank Of America Plaza (IL 4540), US – NY – New York – 114 W 47th St – 114 W 47th St – Ust (NY 8114)
Pay range $125,000.00 – $182,500.00 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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Job Description This job is responsible for leading through examinations and continuous monitoring by providing an independent assessment of the quality of credit decisioning, portfolio management, risk recognition practices, and the effectiveness of credit processes across the bank’s credit platform. This role will also be responsible for identifying existing and emerging risks, and reporting findings to various stakeholders, including executive management, the Board of Directors or committee thereof, external auditors and regulatory agencies.
Responsible for working with Portfolio Manager(s) to establish and execute a risk based coverage plan monitoring specific portfolio(s) within the large corporate credit portfolios within Enterprise Credit. Coverage plan includes, at a minimum, examinations, transaction reviews, risk assessments and issue management. Key responsibilities include leading examinations as an Examiner‑in‑Charge or Assistant Examiner‑in‑Charge, issues management, and performing and reviewing transactional testing of credit process execution controls of new and existing clients to evaluate appropriateness of client selection, adherence to underwriting expectations, quality of ongoing monitoring and risk rating accuracy to proactively identify emerging risks and their impact on portfolio credit quality. Job expectations includes managing field work capacity for exams to ensure accurate and timely execution. Coaching, mentoring, and reviewing the work product of new or junior team members. Establishing working relationships with relevant Risk and regulatory partners to facilitate ongoing dialogue of key issues and emerging risks. Additionally, assisting the Portfolio Manager(s) in preparing quarterly Business Assessment Reports and Coverage Plans; maintains awareness of current economic trends and its impact on credit portfolios.
Responsibilities
Participates in exam activities and/or periodically serves as an Examiner‑in‑Charge, Assistant Examiner‑in‑Charge or Examiner
Performs transactional testing of credit process execution for new and existing clients, and provides direct and timely feedback on transactional reviews completed by others
Provides assistance on portfolio reporting as needed and engages in stakeholder discussions alongside the Portfolio Manager
Tracks and follows observations from exams and testing
Provides regulator updates on results, and responds to inquiries
Engages with Corporate Audit to ensure ongoing awareness of review activity, coordination, and ongoing risk assessment
Manages issues, including approval of issue severity ratings, action plans, ongoing issue status tracking, and oversight of issue validation
Assimilates information from various sources to identify emerging risks
Drives a culture of continuous improvement by leading or participating in complex or multiple projects
Produces quality, timely work
Required Qualifications
Extensive commercial credit related experience, including deep understanding of large or complex portfolios
Experience in risk management, lending and/or regulatory agencies
Excellent credit analysis and project management skills, excellent verbal and written communication, strong interpersonal and leadership skills
Data manipulation and analysis skills
Effective process assessment skills— the ability to identify control gaps and their implications to the broader population
Ability to support conclusions through fact‑based analysis and ability to influence senior leaders
Ability to manage multiple complex tasks while delivering high quality results
Experience navigating a matrix organization
Independent and takes initiative
Resourcefulness in identifying, assessing, and reporting on emerging risks
Experience with a Credit Review examination process
Proficiency in Excel
Ability to work in a team environment, focus on high quality execution
Critical thinker, high energy and intellectually curious
Experience with leading without authority
Desired Qualifications
10+ years of direct commercial credit experience. Large corporate experience with knowledge of international, leveraged lending, project finance, infrastructure and/or renewable energy strongly preferred
Demonstrated experience in identifying, assessing and reporting on existing and emerging risks
Experience with direct applicability to Credit Review responsibility
Ability to coach/mentor new or less experienced associates
Skills
Exam Planning
Financial Analysis
Internal Credit Review
Risk Management
Underwriting
Business Acumen
Credit and Risk Assessment
Critical Thinking
Issue Management
Portfolio Analysis
Analytical Thinking
Regulatory Compliance
Relationship Building
Stakeholder Management
Written Communications
Shift 1st shift (United States of America)
Hours Per Week 40
Pay Transparency Details US – IL – Chicago – 540 W Madison St – Bank Of America Plaza (IL 4540), US – NY – New York – 114 W 47th St – 114 W 47th St – Ust (NY 8114)
Pay range $125,000.00 – $182,500.00 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.
#J-18808-Ljbffr