Full-Time

Credit Review Senior Portfolio Specialist

Confirmed live in the last 24 hours

Bank of America

Bank of America

10,001+ employees

Provides banking and financial services globally

Fintech
Financial Services

Compensation Overview

$137.8k - $183.7kAnnually

+ Discretionary Incentive

Senior, Expert

Stamford, CT, USA + 3 more

More locations: Providence, RI, USA | Dallas, TX, USA | Hartford, CT, USA

Category
Risk Management
Finance & Banking
Required Skills
Risk Management
Requirements
  • Minimum of 8 – 10 years of commercial credit experience (direct lending, underwriting, workout, credit review, risk management, and/or regulatory)
  • Ability to support conclusions through fact-based analysis and ability to influence senior leaders
  • Excellent credit analysis, project management and leadership skills
  • Strong organizational and communication skills, both written and verbal
  • Ability to manage multiple complex tasks while delivering high quality results
  • Bachelor’s Degree with a preference in finance, accounting, economics or other business concentration
Responsibilities
  • Either individually or working with Portfolio Manager(s), establish and execute a risk-based coverage plan for specific portfolio(s). Coverage Plan to include, at a minimum, examinations, transaction reviews, risk assessments and issue management
  • Serve as subject matter expert for and/or lead risk-based and regulatory examinations
  • Perform transactional testing of credit process execution of new and existing clients, and provide direct and timely feedback on transactional reviews completed by others
  • Effectively assimilate information from various sources to identify emerging risks
  • Provide input into staffing and resource allocations
  • Build and implement tactical on-boarding plans for new examiners
  • Provide periodic updates to business heads and executive management, including communication of examination and monitoring results, new issues and emerging risks
  • Issue management, including approval of issue severity ratings, action plans, ongoing issue status tracking and oversight of issue validation
  • Track and follow observations from exams/monitoring that don’t yet rise to the level of issues
  • Actively engage with Corporate Audit to ensure ongoing awareness of review activity, coordination, and ongoing risk assessment
  • Actively participate in regulator meetings, liaise with regulators to provide periodic updates on monitoring/exam results, and respond to inquiries from regulators and other external reviewers
  • Provide input to top of house reporting for Board and senior management
  • Drive a culture of continuous improvement by leading or participating in complex or multiple projects
  • Produce quality, timely work
  • Maintain well-written, easy to follow work papers in accordance with Credit Review guidelines and best practices
  • Raise potential areas of concern for QA team to review
Desired Qualifications
  • 10+ years of direct commercial credit experience. Experience managing traded products and complex structured financing facilities with asset managers and other institutional clients globally
  • Demonstrated experience in identifying, assessing, and reporting on existing and emerging risks
  • Experience with direct applicability to Credit Review responsibility
  • Ability to coach/mentor new or less experienced associates

Bank of America provides a wide range of financial services, including banking, investing, asset management, and risk management products. It caters to individuals, small and medium-sized businesses, and large corporations, serving around 56 million consumer and small business accounts in the U.S. The company's services include personal banking, credit cards, loans, and investment options. Bank of America stands out from its competitors by being a leading wealth management firm and a major player in corporate and investment banking and trading. The goal of Bank of America is to help clients achieve their financial goals while providing comprehensive financial solutions.

Company Stage

IPO

Total Funding

N/A

Headquarters

Charlotte, North Carolina

Founded

1904

Simplify Jobs

Simplify's Take

What believers are saying

  • Focus on digital banking enhances customer experience and operational efficiency.
  • Expansion in wealth management aligns with global trends in personalized services.
  • Partnerships in blockchain solutions offer faster, secure transactions.

What critics are saying

  • Increased competition in credit facilities may impact market share.
  • Large corporations raising capital through share sales could affect liquidity management.
  • Syndicated loan platforms may disrupt traditional lending models.

What makes Bank of America unique

  • Bank of America is a leader in corporate and investment banking globally.
  • The bank is a key player in sustainable finance and green bonds.
  • It heavily invests in AI for risk management and fraud detection.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Sick Leave

Flexible Work Hours

Remote Work Options

Professional Development Budget

Conference Attendance Budget