Credit Review Senior Examiner
Bank of America, Dallas, TX, United States
Credit Review Senior Examiner
Charlotte;Dallas, Texas; Chicago, Illinois
To proceed with your application, you must be at least 18 years of age.
Acknowledge (https://ghr.wd1.myworkdayjobs.com/Lateral-US/job/Charlotte/Credit-Review-Senior-Examiner_26013419)
Bank of America employees are required to meet all
posting eligibility requirements
prior to applying for any new position.
Acknowledge (https://ghr.wd1.myworkdayjobs.com/Lateral-US/job/Charlotte/Credit-Review-Senior-Examiner_26013419)
Refer a friend
To proceed with your application, you must be at least 18 years of age.
Acknowledge (https://ghr.wd1.myworkdayjobs.com/Lateral-US/job/Charlotte/Credit-Review-Senior-Examiner_26013419)
Bank of America employees are required to meet all
posting eligibility requirements
prior to applying for any new position.
Acknowledge (https://ghr.wd1.myworkdayjobs.com/Lateral-US/job/Charlotte/Credit-Review-Senior-Examiner_26013419)
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 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 performing transaction reviews, including assessing the quality of credit decisions, managing portfolios, and evaluating the effectiveness of credit management processes. Key responsibilities include participating in credit review examinations and continuously testing activities across various portfolios within Enterprise Credit to evaluate credit strategies. Job expectations include supporting conclusions through fact-based analysis, influencing senior leaders, and leading special projects.
Position Summary:
Through examinations and monitoring, Credit Review provides an independent assessment of credit decisions and the effectiveness of credit processes across the bank's credit platform, identifies existing and emerging risks, and reports its findings to various stakeholders, including executive management, the Board of Directors or committee thereof, external auditors and regulatory agencies.
Participates in credit review examinations and continuous testing activities across various commercial credit portfolios within Enterprise Credit. The Sr. Examiner will work with examination teams to assess the quality of credit decisioning, portfolio management, risk recognition practices and the effectiveness of credit management processes. This individual will also assist in the continuous testing of various portfolios by performing transaction reviews 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. The Sr. Examiner is generally tasked with the review of more complex transactions. Lastly, may be asked to lead special projects in addition to testing responsibilities in order to support team goals related to exam activities, issues management, reporting etc. This specific role will support ongoing testing and assessments of structured transactions and counterparty credit risk within Global Markets, Financial Institutions and Global Wealth and Investment Management portfolios.
Provides expertise, advice and counsel based on advanced business and/or credit review experience to a complex business and/or across several business groups. Provides leadership for projects and team activities. Functional responsibilities include establishing Monitoring Plans for assigned credit portfolio, assessing associated Level and Direction of Risk ratings and acting as Examiner-in-Charge/EIC. Proactively implements credit review strategy for the sound application of risk based practices by defining scope, program, and review and exam procedures. Exercises judgment and influences senior business managers and peers. Drives completion of credit issues. Helps business partners balance their business strategy with appropriate risk management controls. Contributes to the development, implementation and communication of Credit Review's missions, goals and strategies. Interacts with regulatory agencies, external consultants and other internal risk management groups. Assesses and advises on the impact of industry-level, geo-political and economic trends to credit portfolios.
Responsibilities:
Performs transactional testing of credit process execution of new and existing clients
Supports conclusions through fact-based analysis, proposing suggestions and influencing senior leaders
Participates in examination activities, occasionally leading exams
Identifies, assesses and reports on existing and emerging risks
Drive a culture of continuous improvement by leading or participating in complex or multiple projects
Achieve continuous testing goals by producing quality, timely work
Maintain well-written, easy to follow work papers in accordance with Credit Review guidelines and best practices
Raise potential areas of concern for QA team to review
Actively engage with Corporate Audit to ensure ongoing awareness of review activity, coordination, and ongoing risk assessment
Support enterprise initiatives related to operational excellence and adoption of AI tools to continuously improve our work processes
Required Qualifications:
Bachelor's Degree with a preference in finance, accounting, economics or other business concentration
Solid, time served commercial credit experience (direct lending, workout, risk management and/or regulatory)
Ability to support conclusions through fact-based analysis and ability to influence senior leaders.
Excellent credit analysis, project management and leadership skills
Strong organizational and communication skills, both written and verbal
Ability to manage multiple complex tasks while delivering high quality results.
Expert Financial Analysis Skills
Deep knowledge of Loan Structuring and underwriting
Experienced in Credit and Risk Assessment
Issue Management and Resolution
A strong knowledge of Regulatory Compliance
Excellent skills in building and maintaining business relationships.
Desired Qualifications:
10+ years of direct commercial credit experience
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
Strong Counterparty Credit Risk background and/or Global Markets experience preferred
Skills:
Financial Analysis
Internal Audit Review
Loan Structuring
Research Analysis
Underwriting
Business Acumen
Credit and Risk Assessment
Critical Thinking
Issue Management
Risk Management
Collaboration
Due Diligence
Regulatory Compliance
Relationship Building
Written Communications
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
View your
"Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12.pdf) "
poster.
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
Charlotte;Dallas, Texas; Chicago, Illinois
To proceed with your application, you must be at least 18 years of age.
Acknowledge (https://ghr.wd1.myworkdayjobs.com/Lateral-US/job/Charlotte/Credit-Review-Senior-Examiner_26013419)
Bank of America employees are required to meet all
posting eligibility requirements
prior to applying for any new position.
Acknowledge (https://ghr.wd1.myworkdayjobs.com/Lateral-US/job/Charlotte/Credit-Review-Senior-Examiner_26013419)
Refer a friend
To proceed with your application, you must be at least 18 years of age.
Acknowledge (https://ghr.wd1.myworkdayjobs.com/Lateral-US/job/Charlotte/Credit-Review-Senior-Examiner_26013419)
Bank of America employees are required to meet all
posting eligibility requirements
prior to applying for any new position.
Acknowledge (https://ghr.wd1.myworkdayjobs.com/Lateral-US/job/Charlotte/Credit-Review-Senior-Examiner_26013419)
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 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 performing transaction reviews, including assessing the quality of credit decisions, managing portfolios, and evaluating the effectiveness of credit management processes. Key responsibilities include participating in credit review examinations and continuously testing activities across various portfolios within Enterprise Credit to evaluate credit strategies. Job expectations include supporting conclusions through fact-based analysis, influencing senior leaders, and leading special projects.
Position Summary:
Through examinations and monitoring, Credit Review provides an independent assessment of credit decisions and the effectiveness of credit processes across the bank's credit platform, identifies existing and emerging risks, and reports its findings to various stakeholders, including executive management, the Board of Directors or committee thereof, external auditors and regulatory agencies.
Participates in credit review examinations and continuous testing activities across various commercial credit portfolios within Enterprise Credit. The Sr. Examiner will work with examination teams to assess the quality of credit decisioning, portfolio management, risk recognition practices and the effectiveness of credit management processes. This individual will also assist in the continuous testing of various portfolios by performing transaction reviews 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. The Sr. Examiner is generally tasked with the review of more complex transactions. Lastly, may be asked to lead special projects in addition to testing responsibilities in order to support team goals related to exam activities, issues management, reporting etc. This specific role will support ongoing testing and assessments of structured transactions and counterparty credit risk within Global Markets, Financial Institutions and Global Wealth and Investment Management portfolios.
Provides expertise, advice and counsel based on advanced business and/or credit review experience to a complex business and/or across several business groups. Provides leadership for projects and team activities. Functional responsibilities include establishing Monitoring Plans for assigned credit portfolio, assessing associated Level and Direction of Risk ratings and acting as Examiner-in-Charge/EIC. Proactively implements credit review strategy for the sound application of risk based practices by defining scope, program, and review and exam procedures. Exercises judgment and influences senior business managers and peers. Drives completion of credit issues. Helps business partners balance their business strategy with appropriate risk management controls. Contributes to the development, implementation and communication of Credit Review's missions, goals and strategies. Interacts with regulatory agencies, external consultants and other internal risk management groups. Assesses and advises on the impact of industry-level, geo-political and economic trends to credit portfolios.
Responsibilities:
Performs transactional testing of credit process execution of new and existing clients
Supports conclusions through fact-based analysis, proposing suggestions and influencing senior leaders
Participates in examination activities, occasionally leading exams
Identifies, assesses and reports on existing and emerging risks
Drive a culture of continuous improvement by leading or participating in complex or multiple projects
Achieve continuous testing goals by producing quality, timely work
Maintain well-written, easy to follow work papers in accordance with Credit Review guidelines and best practices
Raise potential areas of concern for QA team to review
Actively engage with Corporate Audit to ensure ongoing awareness of review activity, coordination, and ongoing risk assessment
Support enterprise initiatives related to operational excellence and adoption of AI tools to continuously improve our work processes
Required Qualifications:
Bachelor's Degree with a preference in finance, accounting, economics or other business concentration
Solid, time served commercial credit experience (direct lending, workout, risk management and/or regulatory)
Ability to support conclusions through fact-based analysis and ability to influence senior leaders.
Excellent credit analysis, project management and leadership skills
Strong organizational and communication skills, both written and verbal
Ability to manage multiple complex tasks while delivering high quality results.
Expert Financial Analysis Skills
Deep knowledge of Loan Structuring and underwriting
Experienced in Credit and Risk Assessment
Issue Management and Resolution
A strong knowledge of Regulatory Compliance
Excellent skills in building and maintaining business relationships.
Desired Qualifications:
10+ years of direct commercial credit experience
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
Strong Counterparty Credit Risk background and/or Global Markets experience preferred
Skills:
Financial Analysis
Internal Audit Review
Loan Structuring
Research Analysis
Underwriting
Business Acumen
Credit and Risk Assessment
Critical Thinking
Issue Management
Risk Management
Collaboration
Due Diligence
Regulatory Compliance
Relationship Building
Written Communications
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
View your
"Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12.pdf) "
poster.
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.