10 Credit Review Senior Portfolio Manager Jobs in Providence, RI
SORT BY
A
A
B
B
B
B
C
C
B
B
Credit Review Senior Portfolio Manager
$100k-138k (estimate)
Full Time | Banking
3 Weeks Ago
Bank of America is Hiring a Credit Review Senior Portfolio Manager Near Providence, RI
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:Through examinations and monitoring, Credit Review provides an independent assessment of the quality of credit decisioning, portfolio management, risk recognition practices and the effectiveness of credit processes across the bank’s credit platform, identifies existing and emerging risks, and reports its findings to various stakeholders, including executive management, the Board of Directors or committee thereof, external auditors and regulatory agencies.
This job is responsible for establishing and executing a risk-based coverage plan to monitor specific portfolio(s) within the large corporate credit portfolios within Enterprise Credit. Key responsibilities include serving as a subject matter expert in Credit Review, developing and executing a risk-based coverage plan to monitor and examine the portfolio(s), and performing and reviewing transactional testing of credit process execution controls of new and existing clients to evaluate appropriateness of client selection, adherence to underwriting expectations, quality of ongoing monitoring and risk rating accuracy to proactively identify emerging risks and their impact on portfolio credit quality. This role includes providing updates to business leaders and executive management on continuous testing and examination results, new issues, and emerging risks.
Responsibilities:
Hours Per Week: 40
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:Through examinations and monitoring, Credit Review provides an independent assessment of the quality of credit decisioning, portfolio management, risk recognition practices and the effectiveness of credit processes across the bank’s credit platform, identifies existing and emerging risks, and reports its findings to various stakeholders, including executive management, the Board of Directors or committee thereof, external auditors and regulatory agencies.
This job is responsible for establishing and executing a risk-based coverage plan to monitor specific portfolio(s) within the large corporate credit portfolios within Enterprise Credit. Key responsibilities include serving as a subject matter expert in Credit Review, developing and executing a risk-based coverage plan to monitor and examine the portfolio(s), and performing and reviewing transactional testing of credit process execution controls of new and existing clients to evaluate appropriateness of client selection, adherence to underwriting expectations, quality of ongoing monitoring and risk rating accuracy to proactively identify emerging risks and their impact on portfolio credit quality. This role includes providing updates to business leaders and executive management on continuous testing and examination results, new issues, and emerging risks.
Responsibilities:
- Serves as a subject matter expert for the specific portfolio(s) of loans, oversees the execution of Credit Review’s coverage plan and may participate in examination activities
- Performs transactional testing of credit process execution of new and existing clients, and provides direct and timely feedback on transactional reviews performed by others
- Provides regulatory updates on results, and responds to inquiries
- Documents findings through quarterly reporting, including assessing and rating credit control effectiveness, direction of controls, and credit riskiness for the specific portfolio(s)
- Assesses and advises on the impact of industry-level, geo-political, and economic trends to credit portfolios
- Manages issues, including approval of issue severity ratings, action plans, ongoing issue status tracking, and oversight of issue validation
- Minimum 8 years of commercial credit experience (credit review, direct lending, workout, 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
- Internal Credit Review / Credit Risk Review
- Bachelor’s Degree
- Financial Analysis
- Due Diligence
- Loan Structuring
- Underwriting
- Business Acumen
- Credit and Risk Assessment
- Critical Thinking
- Portfolio Analysis
- Issue Management
- Stakeholder Management
- Analytical Thinking
- Executive Presence
- Influence
- Collaboration
- Regulatory Compliance
- Relationship Building
- Written Communications
Hours Per Week: 40
Job Summary
JOB TYPE
Full Time
INDUSTRY
Banking
SALARY
$100k-138k (estimate)
POST DATE
08/25/2024
EXPIRATION DATE
09/21/2024
WEBSITE
bankofamerica.com
HEADQUARTERS
FARMINGTON, NM
SIZE
>50,000
FOUNDED
1968
CEO
LINDA BOYCE
REVENUE
>$50B
INDUSTRY
Banking
Related Companies
About Bank of America
Bank America is an insurance company based out of P.O. BOX 15292, Richmond, Virginia, United States.
Show more
Similar Jobs
Popular Articles
Top 10 Things to Avoid Putting on a Job Application
Read Article
How to Describe Your Education in a Resume
Read Article
How to Write a Memorable Cover Letter in 5 Ways
Read Article
4 Personal Finance Tips to Make During Job Transition
Read Article
4 Best Camera Setups for Interview
Read Article
Keeping a Job Search Journal: 9 Types of Journaling You Can Do
Read Article
