Bank Of America Credit Review Senior Portfolio Manager 

United States, New York, New York 

196053397

Job Description:

Job Description:

Job Description:

Through examinations and monitoring, Credit Review provides 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, 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.

This job is responsible for establishing and executing a risk-based coverage plan to monitor the leveraged lending/leveraged finance portfolio within Enterprise Credit. Key responsibilities include serving as a subject matter expert in Credit Review, developing and executing a risk-based coverage plan to monitor and examine the portfolio, 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. This role includes providing updates to business leaders and executive management on continuous testing and examination results, new issues and emerging risks.

Responsibilities:

• Serves as a subject matter expert for the large corporate leveraged finance, capital markets leveraged finance originations and enterprise-credit wide leveraged lending portfolios of loans, oversees the execution of Credit Review’s coverage plan

• Performs and oversee transactional testing of credit process execution of new and existing clients, and provides direct and timely feedback on transactional reviews performed by others

• Lead and oversee leveraged lending examination activities

• Provides regulatory updates on results, and responds to inquiries

• Documents findings through quarterly reporting, including assessing and rating credit control effectiveness, direction of controls, and credit riskiness for the specific portfolios

• Assesses and advises on the impact of industry-level, geo-political, and economic trends to credit portfolios

• Manages issues, including approval of issue severity ratings, action plans, ongoing issue status tracking, and oversight of issue validation

Required Qualifications:

• Minimum 8 years of commercial credit experience (credit review, direct lending, workout, risk management and/or regulatory), including deep understanding of large or complex portfolios

• Experience in leveraged lending/leveraged finance, and related regulatory expectations

• Ability to support conclusions through fact-based analysis and ability to influence senior leaders

• Excellent credit analysis and project management skills, strong interpersonal and leadership skills

• Strong organizational and communication skills, both written and verbal

• Ability to manage multiple complex tasks while delivering high quality results

Desired Qualifications:

• Internal Credit Review / Credit Risk Review

• Bachelor’s Degree

Skills:

• Data manipulation and analysis skills
• Effective process assessment skills - the ability to identify control gaps and their implications to the broader portfolio population
• Experience navigating a matrix organization
• Independent and takes initiative
• Resourcefulness in identifying, assessing and reporting on emerging risks
• Performance management and career development skills
• 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
• Ability to coach and develop more junior associates