Credit Manager 2

Job Description:

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:

The Equipment Management Valuation Manager is responsible for directing the Equipment Management Group (EMG) Valuation team, which provides valuations for new and existing Leasing transactions.  Importantly, this involves setting Residual Values (RV) for new lease transactions and periodically assessing the recoverability of RVs in the existing portfolio.  The role also involves setting direction, policies/procedures and guidelines to maximize the team’s efficiency and to meet the needs of the Global Leasing business

Responsibilities:

• Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals
• Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data-based decision making and continuous improvement
• Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions
• Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues
• Provides inspection, coaching and feedback to motivate, differentiate and improve performance, while assessing talent and building bench strength for roles across the organization
• Actively manages expenses and budgets in alignment with objectives, making sound financial decisions
• Delivers results by effectively prioritizing, inspecting and appropriately delegating team work
• Leads a team of valuation professionals, optimizing knowledge of equipment markets and applying market intelligence to risk/return parameters of new transactions; evaluates new target markets and supports analysis, winning, and management of new equipment investment opportunities
• Builds and maintains relationships with internal and external customers to support the growth of the Leasing portfolio; demonstrates knowledge of a wide range of equipment types and markets, including Trucking, Mining and Construction, Rail, Materials Handling, Warehouse Equipment, Energy, Marine, and Manufacturing
• Manages the evaluation process for a high volume of assets and transactions across diverse equipment types (excluding aircraft), ensuring adherence to EMG policies, procedures, controls, and analytical principles

Managerial Responsibilities:
This position may also have 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: Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals.
• Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.
• Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
• Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
• People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
• Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
• Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
• Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.

Required Qualifications: 

• 10+ years of experience in equipment management, equipment valuation, equipment finance, or a closely related function
• Demonstrated experience leading and developing professionals within a risk, credit, valuation, or asset management environment
• In-depth knowledge of equipment markets, asset valuation methodologies, and lifecycle risk considerations, preferably within a bank-owned or regulated leasing platform
• Demonstrated experience evaluating complex equipment assets across multiple industries and market cycles
• Proven ability to exercise sound judgment when forming value conclusions in the presence of incomplete, evolving, or conflicting information
• Demonstrated experience producing defendable valuation conclusions supported by market research, data analysis, and documented assumptions
• Experience translating technical equipment information, market data, and valuation inputs into clear business recommendations for senior stakeholders
• Demonstrated ability to independently prioritize work and manage deliverables in a high‑volume, transaction‑driven environment
• Experience operating within defined risk, control, and governance frameworks, including adherence to policies, procedures, and escalation protocols
• Demonstrated ability to adopt and leverage internal systems, tools, and data platforms to support valuation, portfolio, and reporting needs

Desired Qualifications: 

• Bachelor’s Degree in Finance, Accounting, Economics, Engineering, Business, or a related discipline
• Professional accreditation such as American Society of Appraisers (ASA)
• Experience supporting structured lease products within commercial or corporate leasing environments

Skills:

• Attention to Detail
• Loan Structuring
• Portfolio Management
• Risk Management
• Underwriting
• Coaching
• Collateral Management
• Credit Documentation Requirements
• Relationship Building
• Written Communications
• Active Listening
• Client Management
• Critical Thinking
• Oral Communications
• Performance Management

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - MA - Boston - 100 Federal St - 100 Federal St Lp (MA5100), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100), US - RI - Providence - 1 Financial Plz - 1 Financial Plaza (RI1537)Pay and benefits informationPay range$105,000.00 - $200,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.