Credit Review Senior Portfolio Specialist

Credit Review Senior Portfolio Specialist

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

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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!

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, providing direct and timely feedback on transactional reviews

• 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:

• 10+ years of direct commercial credit experience. Large corporate experience with knowledge of international, leveraged lending, project finance, infrastructure and/or renewable energy​

• 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:

• 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:

• Credit Review 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

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.

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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.

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