SAG Credit Risk Manager

Bank of America•Glendale, AZ

2d•$106,300 - $178,700

About The Position

This Risk Management role provides independent credit risk oversight and strategic guidance for criticized and distressed assets managed by the SAG Enterprise Credit workout teams across multiple lines of business. It is responsible for portfolio or product-set performance and asset quality and includes 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 sound judgment, strong technical credit expertise, detailed knowledge of regulatory issues, and timely decisions in complex and evolving situations.

Requirements

Demonstrated ability to evaluate and make decisions regarding complex commercial credit situations.
Strong understanding of commercial credit risk policy, risk-rating principles, collateral, cash flow, and repayment analysis.
Solid underwriting experience and understanding of the bank's credit agreements.
Familiarity with various regulatory agencies.
Ability to manage a high-volume portfolio, prioritize competing matters, and make timely decisions using the best available information.
Strong leadership skills to navigate across teams, implement change, and resolve issues or conflicts in a balanced and professional manner.
Strong executive-level written, verbal, and interpersonal communication skills.

Responsibilities

Provide independent risk oversight, challenge, and credit decisioning for a portfolio of complex criticized and distressed exposures.
Evaluate credit requests and make timely decisions consistent with delegated authority, credit risk policy, the Risk Framework, and Risk Appetite.
Assess risk ratings, accrual status, reserves, charge-offs, collateral support, repayment capacity, and recovery expectations.
Partner with SAG Executives and workout teams to evaluate Exposure Management Strategy (EMS), restructuring, repayment, and exit strategies while maintaining independent risk judgment.
Evaluate asset quality implications of credit decisions and communicate material changes to senior management and stakeholders, including CRISA, LOB Risk, and Finance.
Work with Commercial Accounting Policy on accounting and regulatory interpretations relating to the Bank's criticized portfolio.
Participate in asset quality forecasting, portfolio reviews, quarter-end governance, data validation, and senior management reporting.
Provide training on regulatory and policy changes as needed.
Work with SAG Executives and workout officers to prepare for and participate in Shared National Credit Reviews, audits, and Credit Review examinations.
Review and enhance guidance documents, operating practices, and Problem Loan policy provisions for managing criticized and distressed debt.