Credit Risk Manager

Bank of America

. Provide independent risk oversight, challenge, and credit decisioning for a portfolio of complex criticized and distressed exposures .

Posted 9/15/2026full-timeChicago • Illinois • United StatesMid-LevelSenior💰 $104,300 - $183,000 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates extensive expertise in evaluating complex commercial credit situations, including risk assessment, underwriting, and regulatory compliance. Capable of managing high-volume portfolios while effectively communicating with senior management and stakeholders.

Highest-signal resume keywords

Credit Risk PolicyCommercial Credit EvaluationUnderwriting ExperienceRegulatory ComplianceLeadership Skills

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Risk AssessmentCredit DecisioningCollateral AnalysisRepayment Capacity AnalysisAsset Quality ForecastingData ValidationProblem Loan PolicyCredit Review ExaminationsFinancial AnalysisCredit Risk Rating

Soft Skills

Interpersonal CommunicationConflict ResolutionChange ManagementExecutive-Level CommunicationJudgment

Industry Keywords

Regulatory AgenciesCredit AgreementsPortfolio ManagementExposure ManagementSAG Executives

About the role

Key responsibilities & impact

Provide independent risk oversight, challenge, and credit decisioning for a portfolio of complex criticized and distressed exposures
Evaluate credit requests and make timely decisions consistent with delegated authority, credit risk policy, the Risk Framework, and Risk Appetite
Assess risk ratings, accrual status, reserves, charge-offs, collateral support, repayment capacity, and recovery expectations
Partner with SAG Executives and workout teams on exposure management strategy, restructuring, repayment, and exit strategies
Evaluate Asset Quality implications of credit decisions and communicate material changes to senior management and key stakeholders
Work with Commercial Accounting Policy on accounting and regulatory interpretations
Participate in Asset Quality forecasting, portfolio reviews, quarter-end governance, data validation, and senior management reporting
Provide training on regulatory and policy changes
Prepare for and participate in Shared National Credit Reviews, audits, and Credit Review examinations
Review and enhance guidance documents, operating practices, and Problem Loan policy provisions

Requirements

What you’ll need

Demonstrated ability to evaluate and make decisions regarding complex commercial credit situations
Strong understanding of commercial credit risk policy, risk-rating principles, collateral, cash flow, and repayment analysis
Solid underwriting experience and understanding of bank’s credit agreements
Familiarity with various regulatory agencies
Ability to manage a high-volume portfolio, prioritize competing matters, and make timely decisions using the best available information
Strong leadership skills necessary to navigate across teams, implement change, and resolve issues/conflicts in a balanced and professional manner
Strong executive-level written, verbal, and interpersonal communication skills
Detailed knowledge of regulatory issues
Sound judgment and strong technical credit expertise

Benefits

Comp & perks

Discretionary incentive eligible; eligible to participate in the annual discretionary plan
Benefits eligible
Access to paid time off
Resources and support to employees
In-office culture supporting collaboration, engagement, and career development
Opportunities to learn, grow, and make an impact