• Job Description

  Req#: 25000542

  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 a diverse and 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.

  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 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.

  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

  Managerial Responsibilities:
  This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

  • Diversity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company D&I goals.
  • Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.
  • Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
  • Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
  • People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
  • Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
  • Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
  • Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.

  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

  The Credit Risk Manager will have primary responsibility for credit approval and overall portfolio performance for a large and varied Commercial Real Estate Portfolio. Role requires a focus on credit, market, operational and reputational risk. Must have superior communication, credit skills, administrative experience and attention to detail. Credit analysis and underwriting experience, including financial accounting principles, loan structuring, experience with traded products, and commercial real estate lending experience is required. Interacts with various levels of ECR, Wholesale Credit and Client Management. Requires close working relationships with various business partners.

  Required Skills:

  • 15+ years of related commercial real estate experience.
  • Must have superior communication and credit skills, line management and administrative experience.
  • Credit analysis and underwriting experience, including financial accounting principles, loan structuring, experience with traded products, commercial lending experience and knowledge of loan and traded products documentation is required. Workout experience is ideal.
  • Requires close working relationships with various business partners.
  • May have limited direct client contact.

  Shift:

  1st shift (United States of America)

  Hours Per Week:

  40

  Pay Transparency details

  US - WA - Seattle - 401 Union St - Rainier Square (WA1510)

  Pay and benefits information

  Pay range

  $128,600.00 - $201,500.00 annualized salary, offers to be determined based on experience, education and skill set.

  Discretionary incentive eligible

  This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

  Benefits

  This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

• About the company

  Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

Notice