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Senior Risk Management Specialist
Bank of America. Assist in providing risk oversight and advice to the Line of Business on risk management issues .
Core Competencies
Role fitCore Competencies
Use this summary to align your resume positioning with the role.
Demonstrates expertise in Consumer Product Underwriting, Risk Management, and Credit Analysis, with a strong ability to communicate findings and insights effectively to various stakeholders. Proficient in developing risk oversight frameworks and reporting on credit risk themes and trends.
Highest-signal resume keywords
Consumer Product Underwriting ExperienceRisk Management GovernanceQuality Assurance in Consumer ProductsCredit Risk AnalysisData Reporting Skills
ATS Keywords
Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
Consumer Product UnderwritingRisk ManagementCredit AnalysisQuality AssuranceIssue IdentificationData AnalysisData ManipulationData ReportingCredit Risk MetricsCompliance Standards
Soft Skills
Effective CommunicationPresentation SkillsRelationship ManagementProblem SolvingCollaboration
Tools & Technologies
Microsoft WordMicrosoft PowerPointMicrosoft OutlookTableauSASSQL
Certifications & Qualifications
Degree in BusinessDegree in EconomicsDegree in FinanceDegree in Data ScienceDegree in Marketing
Industry Keywords
Banking IndustryFinancial ServicesCredit RiskOperational EfficiencyConsumer Real EstateConsumer Vehicle LendingCredit CardRisk OversightBusiness ControlCompliance
Tech Stack
Tools & technologiesSQLTableau
About the role
Key responsibilities & impact- Assist in providing risk oversight and advice to the Line of Business on risk management issues
- Monitor and adhere to risk management policies, limits, standards, controls, metrics, and thresholds
- Assist with risk framework activities, including independent monitoring and testing of controls and risk management processes
- Recognize and address credit, market, operational, and compliance risks
- Perform Consumer post approval underwriting reviews for New Account Acquisition and Existing Account Credit
- Schedule monthly reviews, execute processes, and prepare reporting
- Create monthly reporting on Credit Risk themes and trends within frontline units and at enterprise level
- Present findings and reporting to various levels of management
- Maintain and schedule Credit Risk reviews across Consumer products
- Identify opportunities for automation, efficiency, and process innovation
- Assist in driving processes toward a more operationally efficient future state
- Establish and oversee risk management governance structure for the Line of Business
- Liaise with businesses to understand market trends and portfolio impacts
- Support management of risk requests, breach remediations, and effective challenges for frontline units
- Analyze Consumer Underwriting decisions to validate policy, standards, procedures, and sound decision-making adherence
- Develop and maintain relationships with frontline units, risk and control partners, and Executive management
- Report on adherence to policies, standards, and procedures
- Create detailed monthly reporting packages for the Consumer Post Approval Review team
- Include issue action-plan development and remediation in reporting packages
- Participate in PAR cross-training across other Consumer products
Requirements
What you’ll need- 5+ years of direct Consumer product underwriting experience (Consumer Real Estate or Consumer Vehicle Lending or Credit Card)
- Ability to interpret and demonstrate a deep understanding of the 5 categories of credit: character, capacity, capital, collateral, and conditions
- 2+ years of Quality Assurance or Business Control experience related to consumer products
- Proficient computer/software skills, including Microsoft Word, PowerPoint, Outlook, etc.
- Ability to effectively communicate and present (written and oral) to a variety of audiences
- Solid understanding of Risk Management and the Credit industry
- Oversight/Governance experience, including Risk, Business Control, Compliance, or Testing background
- Issue identification, escalation, and reporting experience
- Degree in Business, Economics, Finance, Quantitative, Data Science, or Marketing and/or professional certifications
- Experience in the banking industry/financial services, preferably Credit Risk and/or key credit risk metrics
- Aspiration to learn data analysis, data manipulation, and data reporting skills (e.g., Tableau, SAS, SQL, etc.)
- Must be able to work 1st shift in the United States of America
- Must be able to work 40 hours per week
Benefits
Comp & perks- Affordable, competitive and flexible benefits
- Support for physical, emotional, and financial wellness
- Opportunities to learn, grow, and make an impact
- In-office culture supporting collaboration, engagement, and career development
- Full-time employment
- 40 hours per week
- 1st shift