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 the global renewable energy portfolio 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, 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 global renewable energy portfolio 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

Required Qualifications:

Minimum 8 years of commercial credit experience (credit review, direct lending, workout, risk management and/or regulatory)

Experience in project finance and/or renewable energy

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

Desired Qualifications:

Internal Credit Review / Credit Risk Review

Bachelor’s Degree

Skills:

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

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - CT - East Hartford - 101 E River Dr - One Riverview Square (CT2550), US - NY - New York - 114 W 47TH ST (NY8114), US - RI - Providence - 1 Financial Plaza (RI1537)

Pay and benefits information

Pay range

$127,300.00 - $197,300.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This 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.

Benefits

This 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.