Senior Credit Manager

Bank of America • Boston, MA

14d • Onsite

About The Position

The Commercial Credit Manager (CCM) functions as the credit team leader for Global Commercial Banking’s Transformative Healthcare Group, providing national leadership in partnership with the Market Executives (MEs) and Treasury Solutions Managers (TSMs). The CCM focuses on product and policy expertise while managing a credit team of Credit Officers, Underwriters, and Analysts responsible for driving the end-to-end credit process, growing and retaining loans, generating revenue, driving profitability, and delivering solutions that will lead to client satisfaction and loyalty. The CCM oversees appropriate execution and approval of credit solutions while optimizing risk and return, managing asset quality, and ensuring high quality underwriting that aligns with policy and procedures. The CCM continually enhances team performance, develops future leaders and preserves the talent depth of the team by selecting new members, arranging appropriate training and development, coaching, managing performance, removing obstacles to ensure the team’s success, and when appropriate, exporting talent. The CCM is responsible for establishing a diverse and inclusive workplace and focusing on employee and client satisfaction. The CCM is accountable for leading and coaching their team in the design and delivery of integrated solutions, underwriting, structuring, and negotiating those solutions at the market level. CCMs partner closely with relationship management teammates in Global Commercial Banking to consult on sales opportunities and provide the product expertise necessary to deliver the best solution to the client. When required, the CCM participates in or leads enterprise projects and initiatives. Managerial Responsibilities: This position has 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. Opportunity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company Great Place to Work goals. Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations. Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success. Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization. People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance. Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability. Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs. Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage.

Requirements

• 12+ years of Commercial Banking Credit Experience
• 3+ years’ experience managing a credit team
• Strong communication and negotiation skills
• Ability to handle change and drive results
• Executive Presence required
• Bachelor’s Degree required

Nice To Haves

• Advanced Degree preferred

Responsibilities

• Driving the end-to-end credit process
• Growing and retaining loans
• Generating revenue
• Driving profitability
• Delivering solutions that will lead to client satisfaction and loyalty
• Overseeing appropriate execution and approval of credit solutions
• Optimizing risk and return
• Managing asset quality
• Ensuring high quality underwriting that aligns with policy and procedures
• Continually enhancing team performance
• Developing future leaders
• Preserving the talent depth of the team by selecting new members, arranging appropriate training and development, coaching, managing performance, removing obstacles to ensure the team’s success, and when appropriate, exporting talent
• Establishing a diverse and inclusive workplace
• Focusing on employee and client satisfaction
• Leading and coaching their team in the design and delivery of integrated solutions, underwriting, structuring, and negotiating those solutions at the market level
• Consulting on sales opportunities with relationship management teammates
• Providing product expertise necessary to deliver the best solution to the client
• Participating in or leading enterprise projects and initiatives when required
• Breaking down barriers to create a more inclusive environment that supports company Great Place to Work goals
• Challenging end-to-end process efficiency and effectiveness
• Championing data driven decision-making
• Removing obstacles to optimize operations
• Contributing to enterprise strategy and influencing messaging to connect team contributions to business purpose, results, and success
• Inspecting and challenging risk controls, governance and culture
• Coaching to sustain and elevate organizational performance while differentiating to ensure pay for performance
• Efficiently allocating and managing resources across the organization to drive short and long term profitability
• Inspecting and managing the health of the bench to ensure succession for the organization
• Supporting enterprise talent needs
• Mobilizing organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage

Benefits

• Access to paid time off
• Resources and support to our employees
• Discretionary incentive eligible
• Annual discretionary award based on individual performance, line of business performance, and overall company success

What This Job Offers

• Job Type: Full-time
• Career Level: Manager