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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Job Description:
This job is responsible for overall portfolio or product set performance and asset quality and may include credit approval authority. Key responsibilities include focusing on but not limited to credit, market, and reputational risk; as well as adherence to credit risk policies and external/internal reporting, including but not limited to Top of House (TOH) and Line of Business (LOB) specific reports or regulatory related reporting. Job expectations include having detailed knowledge of regulatory issues and providing expertise on highly complex transactions to business/support partners.
Responsibilities:
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.
Skills:
The position is for a credit risk manager covering Bank of America’s Real Estate Structured finance business. You are usually the front line credit risk person on more complex or sensitive credit transactions working directly with the relationship manager and/or credit product specialist. You shall cover a diverse range of responsibilities involving assistance with structuring, risk mitigation and internal policy compliance for new business opportunities.
You will be part of the RESF Credit Risk team and provide credit risk oversight for specified markets. Key responsibilities include review, challenge, and approve loan requests for the Real Estate Structured (RESF) teams in the US and EMEA up to designated approval level, and oversight of his/her assigned loan portfolio.
What will your main responsibilities involve?
Review, challenge, and approve loan requests for the Real Estate Structured (RESF) teams in the US and EMEA
Prepare materials and present at quarterly Portfolio Review Meeting, covering market data, loan performance, portfolio statistics, country risk, and asset quality statistics.
Participate in any other special projects, such as Policy and Procedure amendments, Operational Excellence projects, MRAs and Market analyses
Provide mentorship to RESF’s teams with focus on transaction risk identification and mitigation strategies
Provide Policy interpretation and application guidance as needed .Assess a broad spectrum of risks, predominantly credit risk, but also market, counterparty, and operational risks. This role requires close interaction with the Front Line Units and other risk and support groups (i.e., Market Risk, Counterparty Risk, Legal, Credit Review, Appraisal, etc.)
Assist in securitization process, including reviewing loans originated by other banks that become part of CMBS transactions, participating in B-piece calls, and reviewing/approving Risk Retention for CMBS and SASB transactions
In this role, the individual will frequently interact with senior leaders across the Global Risk organization and the Front Line Units
Required and Desired Qualifications
Bachelor’s Degree in Real Estate, Finance, Accounting, or related discipline or an equivalent combination of education and experience
At least 10 years of related experience in commercial real estate industry with a focus in CMBS preferable
Financial modeling skills, including property cash flow, valuation and performance analysis
Excellent credit analytical skills with experience in credit risk management
Knowledge of credit risk management processes, credit risk policy, risk appetite, models, loss forecasting
Ability to work in a fast-paced environment with continual deal flow
Proven ability to independently own multiple concurrent activities, drive completion, and produce executive level reporting
Execution oriented with demonstrated project management and problem solving skills
Proven partnering skills with ability to navigate across teams, eliminate roadblocks, drive consensus to achieve resolution and ensure successful execution
Able to build and maintain strategic business relationships
Excellent written and oral communication skills
Highly motivated individual who fully understands the demands of a credit risk professional
Proficiency with Excel, Word, PowerPoint, Adobe Acrobat
Shift:
1st shift (United States of America)Hours Per Week:
40