SAG Executive

Bank of America•Charlotte, NC

2d•Onsite

About The Position

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 an 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. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. 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 overseeing and monitoring the management of one or more of the banks high-risk or distressed commercial loan portfolios. Key responsibilities include setting strategic priorities, driving business plans focused on reducing and volatility and severity of losses, and leading a team in the execution of these business plans. Job expectations include cultivating a risk management culture, executing strategic initiatives that support responsible growth, and driving operational excellence.

Requirements

Minimum of 10+ years of experience in corporate workout, credit restructuring, or related credit risk management experience.
Demonstrated experience managing syndicated and agented credit facilities with multiple lenders
Strong credit underwriting and analysis capabilities, including risk rating, structuring, covenant assessment, and complex capital structures.
Proven ability to manage high‑risk/distressed portfolios through market cycles.
Strong communication skills with the ability to influence vertically (executives), horizontally (partners), and externally (clients, counsel, creditors).
Broad industry knowledge across multiple corporate sectors.
Bachelor's Degree
Business Acumen
Collection Management
Critical Thinking
Problem Solving
Risk Management
Advisory
Decision Making
Portfolio Analysis
Regulatory Compliance
Risk Analytics
Conflict Management
Crisis Management
Oral Communications
Organizational Effectiveness
Talent Development

Nice To Haves

Prior leadership experience managing senior professionals or small teams.
Deep expertise in workout strategy, problem loan restructuring, and recovery optimization.
Strong knowledge of business and commercial law, including contracts and bankruptcy/insolvency frameworks.
Familiarity with ancillary banking products (treasury services, derivatives, deposits, commercial cards).
Strategic acumen combined with attention to detail and execution discipline.

Responsibilities

Monitors the loan workout processes and limits losses on outstanding loans for one or more regions
Develops business plans for the loan workout function and holds team accountable for the execution of the business plans
Assists management in policy making and personnel related activities
Works closely with origination/transaction staff in resolving problem loan situations
Manages and oversees adversarial collection actions such as litigation, foreclosures, bankruptcies, and receiverships
Provide executive oversight of high‑risk and/or distressed corporate and syndicated loan portfolios within GCIB and GM, with primary focus on the U.S., Canada, and LATAM.
Review and approve key credit actions, including restructurings, amendments, forbearance agreements, and exit strategies.
Manage and oversee adversarial and non‑adversarial collection actions, including litigation, foreclosures, bankruptcies, receiverships, and restructurings.
Partner closely with internal and external legal counsel to manage complex enforcement actions and restructuring negotiations.
Anticipate emerging portfolio risks and proactively adjust strategies in response to macroeconomic, industry, and regulatory changes.