Retail Finance Group Credit Risk Executive

Company: Bank of America
Location: Boston
Posted on: April 7, 2025

Job Description:

Retail Finance Group Credit Risk Executive page is loadedRetail Finance Group Credit Risk ExecutiveApply locations Boston, Atlanta, CharlotteTime type: Full timePosted on: Posted 3 Days AgoTime left to apply: End Date: April 16, 2025 (9 days left to apply)Job requisition id: 25014828Job 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 a diverse and 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.At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!Job Responsibilities:

• Sets or oversees the ongoing management of risk parameters and guardrails for credit risk while ensuring adherence to risk appetite/limits, and actively inspects and/or designs risk scenarios to implement decisions.
• Oversees the credit approval process and is accountable for overall portfolio performance and asset quality, including underwriting, structuring, and monitoring tasks.
• Conducts analysis, inspects, and/or develops credit risk reporting for specific products, and monitors and reports on key indicators for changes in credit quality to communicate to senior management.
• Oversees adherence to policy and standards and ensures first line credit officers and managers are appropriately performing due diligence that the risk is within the bank's defined risk appetite, using knowledge of stress testing and its applicability to credit risk.
• Monitors for adherence to industry risk governance, as well as monitoring for potential operational, reputational, and market risk issues.
• Identifies risks early that could impact the assigned portfolio and coordinates with business counterparts to resolve portfolio issues.
• Translates and manages plans of action to achieve a goal across varying audiences.Skills:
  • Credit and Risk Assessment
  • Critical Thinking
  • Executive Presence
  • Organizational Effectiveness
  • Regulatory Compliance
  • Business Intelligence
  • Client Management
  • Decision Making
  • Inclusive Leadership
  • Stakeholder Management
  • Financial Accounting
  • Influence
  • Innovative Thinking
  • Interpret Relevant Laws, Rules, and Regulations
  • Portfolio AnalysisBank of America is seeking a Credit Risk Executive for coverage of the Retail Finance Group, Trade Receivables Securitization Finance, and Business Capital within Asset Based Finance. Asset Based Finance provides asset-based lending solutions to clients in the GIB, GCB, and Business Banking portfolios. Coverage will be for all of RFG and TRSF units and a smaller number of Business Capital names.Additional Responsibilities Include:
    • Addressing all credit requests in a timely manner and executing on management routines necessary to provide sound oversight of risk activities within assigned markets.
    • Proactively managing the portfolio in accordance with the Risk Framework and Risk Appetite by identifying, escalating, and resolving emerging risks and portfolio issues in a timely and professional manner.
    • Monitoring asset quality across the portfolio and various subsectors.
    • Leveraging industry expertise and knowledge across the Risk platform and displaying leadership skills to ensure a strong Risk Culture exists among our business partners.
    • As a subject matter expert, advising Risk colleagues and business partners who have less experience in asset-based lending.
    • Taking ownership by driving sound client selection and preventing reputational, operational, and compliance risk.
    • Interacting with various levels of management and developing strong working relationships with business partners to foster a productive environment for debating issues.
    • Driving responsible growth by maintaining an in-depth knowledge of issues and trends impacting our clients and business partners and providing solutions to help remove obstacles and resolve issues.Required Skills:
      • Candidates must be experienced and qualified credit or risk professionals.
      • Minimum of 10+ years' experience in commercial lending including the underwriting and/or approval of credit exposures. Strong preference for asset-based lending experience.
      • Strong interpersonal, written, and oral communication skills.
      • Extensive knowledge of credit policies and procedures.
      • Strong leadership skills necessary to implement change and resolve issues/conflicts in a balanced and professional manner.Shift: 1st shift (United States of America)Hours Per Week: 40
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Keywords: Bank of America, Concord , Retail Finance Group Credit Risk Executive, Accounting, Auditing , Boston, New Hampshire