Credit Risk Manager

Credit Risk Manager

New York, New York;Charlotte, North Carolina; Chicago, Illinois

To proceed with your application, you must be at least 18 years of age.

Acknowledge (

Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position.

Acknowledge (

Refer a friend

To proceed with your application, you must be at least 18 years of age.

Acknowledge (

Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position.

Acknowledge (

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. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Position Summary:

This job is responsible for overall portfolio or product set performance and asset quality and may include 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 Credit Risk Manager is responsible for providing independent credit risk oversight for Bank of America's Real Estate Structured Finance (RESF) business across the United States and EMEA. This role serves as the primary Credit Risk partner on the most complex, high-profile, and sensitive transactions, working closely with Relationship Managers, Credit Product Specialists, and other key stakeholders throughout the transaction lifecycle.

The successful candidate will be responsible for evaluating and approving credit opportunities, providing guidance on transaction structuring, identifying and mitigating risks, and ensuring compliance with internal policies and regulatory expectations. In addition, the role includes ongoing portfolio oversight, market analysis, and active participation in strategic initiatives that support the continued development of the RESF platform.

As a member of the RESF Credit Risk team, the individual will provide credit risk coverage for designated markets and exercise approval authority up to the assigned lending limit.

Responsibilities:

• Sets or oversees the ongoing management of risk parameters and guardrails for credit risk while ensuring adherence to risk appetite/limits, and actively inspects and/or designs risk scenarios to implement decisions

• Supports or oversees the credit approval process and therefore is accountable for overall portfolio performance and asset quality, including underwriting, structuring and monitoring tasks

• Conducts analysis, inspects and/or develops credit risk reporting for specific products, and monitors and reports on key indicators for changes in credit quality to communicate to senior management

• Sets or oversees adherence to policy and standards and ensures first line credit officers and managers are appropriately performing due diligence that the risk is within the bank's defined risk appetite, using knowledge of stress testing and its applicability to credit risk

• Monitors for adherence to industry risk governance, as well as monitoring for potential operational, reputational and market risk issues

• Identifies risks early that could impact the assigned portfolio and coordinates with business counterparts to resolve portfolio issues

• Translates and manages plans of action to achieve a goal across varying audiences

• Review, challenge, and approve financing requests originated by the U.S. and EMEA Real Estate Structured Finance teams, ensuring transactions are appropriately structured and aligned with the bank's risk appetite and policy requirements.

• Partner with Relationship Managers and Credit Product Specialists to evaluate new business opportunities, identify key risks, develop mitigation strategies, and provide transaction structuring guidance.

• Maintain ongoing oversight of an assigned loan portfolio, including monitoring asset performance, market developments, underwriting trends, and emerging risk factors.

• Prepare and present materials for Quarterly Portfolio Review meetings, including analysis of market conditions, portfolio performance, asset quality trends, country risk considerations, and other key portfolio metrics.

• Assess a broad spectrum of risks associated with transactions and portfolios, including credit, market, counterparty, operational, legal, and reputational risks.

• Provide guidance on policy interpretation and application, ensuring consistent adherence to internal credit standards and regulatory expectations.

• Collaborate closely with Front Line Units and key risk and support partners, including Market Risk, Counterparty Risk, Legal, Credit Review, Appraisal, Compliance, and other control functions.Participate in securitization-related activities, including:Reviewing loans acquired from third-party originators for inclusion in CMBS transactions.

• Participating in B-piece investor due diligence and review discussions.Reviewing and approving risk retention structures for CMBS and Single-Asset Single-Borrower (SASB) transactions.

• Lead or support strategic and regulatory initiatives, including policy and procedure enhancements, Operational Excellence programs, Matter Requiring Attention (MRA) remediation efforts, market studies, and other special projects.

• Mentor and advise RESF team members on transaction-specific risks, underwriting considerations, and risk mitigation strategies to promote strong and consistent credit practices.

• Develop and maintain strong relationships with business partners and provide credible challenge on risk issues while supporting responsible business growth.

• This role requires frequent interaction with senior leaders across Global Risk, the Front Line Units, and other enterprise partners.

• The individual must be able to communicate complex risk and market considerations effectively, provide thoughtful challenge, and influence decisions at multiple levels of the organization.

Required Skills:

• Bachelor's degree in Real Estate, Finance, Accounting, Economics, Business Administration, or a related discipline; equivalent education and relevant professional experience will also be considered.

• Minimum of 10 years of progressive experience in commercial real estate lending, underwriting, credit risk management, or structured finance, with significant exposure to complex institutional real estate transactions.

• Experience with CMBS, SASB, and structured finance transactions is strongly preferred.

• Demonstrated expertise in commercial real estate credit underwriting, including analysis of sponsor strength, property cash flows, capital structures, market dynamics, valuation methodologies, and repayment capacity.

• Strong financial modeling and analytical skills, including cash flow forecasting, debt sizing, stress testing, valuation analysis, sensitivity analysis, and performance monitoring across a range of property types.

• Extensive knowledge of credit risk management principles, regulatory expectations, risk appetite frameworks, credit policies, portfolio management practices, risk rating methodologies, and loss forecasting concepts.

• Proven ability to independently evaluate and approve complex credit transactions, identify emerging risks, challenge assumptions, and develop effective risk mitigation strategies.

• Exceptional organizational and prioritization skills with the ability to manage a high-volume transaction pipeline, balance competing priorities, and consistently meet deadlines in a fast-paced environment.

• Demonstrated ability to lead multiple concurrent initiatives from inception through execution while maintaining a high level of accuracy, attention to detail, and sound risk judgment.

• Strong project management, problem-solving, and execution capabilities, with a track record of driving complex initiatives to successful completion.

• Excellent relationship management and influencing skills, with the ability to build credibility, foster collaboration, navigate differing viewpoints, and achieve consensus across business and risk partners.

• Proven ability to communicate complex financial and risk concepts clearly and effectively to senior management, risk committees, and other key stakeholders through both written and verbal presentations.

• High degree of professional maturity, accountability, and independent judgment, coupled with a strong understanding of the responsibilities and expectations associated with a senior credit risk management role.

• Advanced proficiency in Microsoft Excel, Word, and PowerPoint, along with experience using Adobe Acrobat and other analytical and reporting tools.

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:

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 ( " poster.

View the LA County Fair Chance Ordinance ( .

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.

Investment products offered through MLPF&S and insurance and annuity products offered through MLLA:

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

Are Not Deposits Are Not Insured by Any Federal Government Agency Are not a condition to Any Banking Service or Activity

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation.

Trust, fiduciary and investment management services are provided by Bank of America, N.A., Member FDIC and wholly owned subsidiary of Bank of America Corporation (“BofA Corp.”).

Bank of America Private Bank is a division of Bank of America, N.A.

Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

© 2026 Bank of America Corporation. All rights reserved.