Bank Of America Credit Review Senior Portfolio Specialist 

United Kingdom, England, City of Westminster 

359811008

Job Description:

Credit Review Senior Portfolio Specialist
VP/SVP

Role Description:

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.

The Portfolio Specialist works together with the Credit Review Portfolio Manager to establish and execute a risk-based coverage plan for a specific portfolio or set of portfolios for assessing the quality of credit decisioning and the effectiveness of credit processes and policies. Key responsibilities include executing transaction reviews, leading examinations as an Examiner-in-Charge (EIC) or Assistant Examiner-in-Charge (AEIC), secondary reviews of transaction testing completed by other examiners and issues management. Manages field work capacity for exams to ensure accurate and timely execution of Credit

Responsibilities:

• Either individually or working with Portfolio Manager, establish and execute a risk-based coverage plan for specificportfolio. CoveragePlan to include, at a minimum, examinations, transaction reviews, risk assessments and issue management
• Serve as subject matter expert for and/or lead risk-based and regulatory examinationsPerform transactional testing of credit process execution of new and existing clients, and provide direct and timely feedback on transactional reviews completed by others
• Effectively assimilate information from various sources to identify emerging risks
• Provide input into staffing and resource allocations
• Build and implement tactical on-boarding plans for new examiners
• Provide periodic updates to business heads and executive management, including communication of examination and monitoring results, new issues and emerging risks
• Issue management, including approval of issue severity ratings, action plans, ongoing issue status tracking and oversight of issue validation

What we are looking for:

• Extensive commercial credit related experience, including deep understanding of large or complex portfolios. Capital Markets experience with knowledge of Counterparty Credit Risk (traded products) strongly preferred.
• 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, and intellectually curious
• Experience with leading without authority
• Ability to coach and develop more junior associates

Skills that will help:

• Experience with direct applicability to Credit Review responsibility
• Strong Counterparty Credit Risk background and/or Global Markets experience

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• Access to an Employee Assistance Program for confidential support and help for everyday matters
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.