Credit Risk Manager - Global Markets

Bank of America•Charlotte, NC

21h•Onsite

About The Position

At Bank of America, the Credit Risk Manager – Global Markets is responsible for overall portfolio or product-set performance and asset quality, and the role may include credit approval authority. The position focuses on credit, market, and reputational risk, as well as adherence to credit risk policies and internal and external reporting requirements, including Top of House, Line of Business, and regulatory reporting. The role requires detailed knowledge of regulatory issues and expertise on highly complex transactions for business and support partners. The manager oversees credit-risk parameters and guardrails, supports or oversees credit approvals, and is accountable for portfolio performance and asset quality. The role analyzes credit risk, monitors indicators of credit quality, ensures due diligence and policy adherence, monitors governance and related risks, and coordinates with business counterparts to address portfolio issues. The position also translates and manages action plans across different audiences.

Requirements

5+ years of experience with Global Markets structured lending.
Familiarity with structured products, notably ABS Finance and Mortgage Finance.
Ability to manage significant deal volume.
Basic understanding of derivatives products and associated trading documentation.
Advanced Excel, PowerPoint, and writing skills.

Nice To Haves

Bachelor's degree.

Responsibilities

Set or oversee ongoing management of credit-risk parameters and guardrails, ensure adherence to risk appetite and limits, and inspect or design risk scenarios to implement decisions.
Support or oversee the credit approval process and be accountable for overall portfolio performance and asset quality, including underwriting, structuring, and monitoring.
Conduct analysis, inspect or develop credit-risk reporting for specific products, and monitor and report key indicators of changes in credit quality to senior management.
Set or oversee adherence to policies and standards, and ensure first-line credit officers and managers perform appropriate due diligence to confirm risks are within the bank's defined risk appetite.
Apply knowledge of stress testing and its applicability to credit risk.
Monitor adherence to industry risk governance and identify potential operational, reputational, and market risk issues.
Identify risks that could affect the assigned portfolio and coordinate with business counterparts to resolve portfolio issues.
Translate and manage action plans to achieve goals across varying audiences.