Credit Risk Manager - Global Markets

Bank of America•Charlotte, NC

1d•Onsite

About The Position

At Bank of America, the Credit Risk Manager – Global Markets is responsible for the overall performance and asset quality of a portfolio or product set and may have credit approval authority. The role focuses on credit, market, and reputational risk; adherence to credit risk policies; and internal, external, and regulatory reporting. It requires detailed knowledge of regulatory issues and the ability to provide expertise on highly complex transactions to business and support partners. The position oversees risk parameters and guardrails, credit approvals, portfolio underwriting and monitoring, risk reporting, and adherence to policies and standards. It identifies emerging portfolio risks, coordinates with business counterparts to resolve issues, and manages plans of action across audiences. Bank of America describes its culture as inclusive and supportive of teammate wellness, and states that it is committed to an in-office culture with flexibility based on role responsibilities and business needs.

Requirements

At least 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 credit risk parameters and guardrails, ensure adherence to risk appetite and limits, and inspect or design risk scenarios to support decisions.
Support or oversee the credit approval process and accountability for portfolio performance and asset quality, including underwriting, structuring, and monitoring.
Conduct, inspect, or develop credit risk reporting for specific products; monitor key indicators of credit quality changes and communicate them to senior management.
Set or oversee adherence to policies and standards, and ensure first-line credit officers and managers perform appropriate due diligence to keep risk 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 early that could affect the assigned portfolio and coordinate with business counterparts to resolve portfolio issues.
Translate and manage plans of action to achieve goals across varying audiences.