Job Description:
This job is responsible for working with Portfolio Manager(s) to establish and execute a risk based coverage plan for a specific portfolio or set of portfolios. Key responsibilities include leading examinations as an Examiner-in-Charge or Assistant Examiner-in-Charge, executing transaction reviews, secondary reviews of transactional testing completed by others, and issues management. Job expectations includes managing field work capacity for exams to ensure accurate and timely execution of Credit Review examinations including work product of new or less experienced team members.
Position Summary:
Credit Review provides an independent assessment of credit decisions 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.
The Portfolio Specialist works together with the Credit Review Portfolio Manager(s) to establish and execute a risk-based coverage plan for a specific portfolio(s) or set of portfolios for assessing the quality of credit decisioning and the effectiveness of credit processes and policies. Key responsibilities include executing transaction reviews, leading examinations as an Examiner-in-Charge (EIC) or Assistant Examiner-in-Charge (AEIC), secondary reviews of transaction testing completed by other examiners and issues management. Manages field work capacity for exams to ensure accurate and timely execution of Credit Review examinations. Coaches, mentors, and reviews the work product of new or junior team members. Establishes working relationships with relevant Risk and regulatory partners to facilitate ongoing dialogue of key issues and emerging risks. Additionally, assist the Portfolio Manager(s) in preparing quarterly Business Assessment Reports and Coverage Plans; maintains awareness of current economic trends and its impact on credit portfolios.
We are looking for a Portfolio Specialist to join our dynamic, high-energy Credit Review team supporting review of Global Markets, Financial Institutions and Global Wealth and Investment Management businesses.
Responsibilities:
- Participates in exam activities and/or periodically serves as an Examiner-in-Charge , Assistant Examiner-in-Charge or Examiner
- Performs transactional testing of credit process execution for new and existing clients, providing direct and timely feedback on transactional reviews
- Provides assistance on portfolio reporting as needed and engages in stakeholder discussions alongside the Portfolio Manager
- Tracks and follows observations from exams and testing
- Provides regulator updates on results, and responds to inquiries
- Engages with Corporate Audit to ensure ongoing awareness of review activity, coordination, and ongoing risk assessment
- Manages issues, including approval of issue severity ratings, action plans, ongoing issue status tracking, and oversight of issue validation
- Drive a culture of continuous improvement by leading or participating in complex or multiple projects
- Produce quality, timely work
- Maintain well-written, easy to follow work papers in accordance with Credit Review guidelines and best practices
Required Qualifications:
- Minimum of 8 – 10 years of commercial credit experience (direct lending, underwriting, workout, credit review, 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 skill
- Experience in risk management, lending and/or regulatory agencies
- Strong organizational and communication skills, both written and verbal
- Ability to manage multiple complex tasks while delivering high quality results
- Data manipulation and analysis skills
- Experience with leading without authority
- Bachelor’s Degree with a preference in finance, accounting, economics or other business concentration
Desired Qualifications:
- 10+ years of direct commercial credit experience. Experience managing traded products and complex structured financing facilities with asset managers and other institutional clients globally
- Demonstrated experience in identifying, assessing, and reporting on existing and emerging risks
- Experience with direct applicability to Credit Review responsibility
- Ability to coach/mentor new or less experienced associates
- Proficiency in Excel
- Experience using AI tools to enhance productivity and workflow efficiency
Skills:
- Audit Planning
- Financial Analysis
- Internal Audit Review
- Risk Management
- Underwriting
- Business Acumen
- Credit and Risk Assessment
- Critical Thinking
- Issue Management
- Portfolio Analysis
- Analytical Thinking
- Regulatory Compliance
- Relationship Building
- Stakeholder Management
- Written Communications
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)
Pay and benefits information
Pay range
$125,000.00 - $182,500.00 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.
