Credit Risk Manager - CREB Community Development Banking

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About the role

This role is responsible for overall portfolio or product set performance and asset quality, including credit approval authority. Key responsibilities focus on credit, market, and reputational risk, as well as adherence to credit risk policies and external/internal reporting, such as Top of House (TOH) and Line of Business (LOB) specific reports or regulatory-related reporting. The position requires expertise on highly complex transactions and detailed knowledge of regulatory issues.

You will provide credit policy and portfolio management guidance to business partners, oversee the West Region CDB portfolio, and support regional production offices. The role involves applying Credit Risk Policy, overseeing portfolio reviews, forecasting regional asset quality performance, and collaborating with Credit Officers and Underwriters from deal screening through credit approval, legal documentation, and closing. You will also resolve problem loans/equity investments, ensure decisions align with the Bank’s Risk Framework, and mentor junior associates.

Responsibilities

• Set or oversee the ongoing management of risk parameters and guardrails for credit risk, ensuring adherence to risk appetite and limits.
• Support or oversee the credit approval process, including underwriting, structuring, and monitoring tasks, to ensure overall portfolio performance and asset quality.
• Conduct analysis and develop credit risk reporting for specific products, monitoring and reporting key indicators of credit quality to senior management.
• Ensure adherence to policy and standards, verifying that first-line credit officers perform due diligence within the bank’s defined risk appetite, using knowledge of stress testing.
• Monitor for adherence to industry risk governance and identify potential operational, reputational, and market risk issues.
• Identify risks early that could impact the assigned portfolio and coordinate with business counterparts to resolve issues.
• Translate and manage plans of action to achieve goals across varying audiences.
• Apply expertise in affordable housing loan portfolios and tax credit investment products, particularly Low-Income Housing Tax Credit investments.
• Provide joint credit approval authority and expertise on complex transactions involving both debt and equity investment exposures.
• Collaborate with business managers, product and marketing managers, legal, corporate finance, regulatory, and executive risk management teams.
• Mentor junior associates and contribute to policy updates applicable to Community Development Banking debt and equity products.
• Occasional travel may be required for direct client contact or project and market inspections.

Requirements

• 10+ years of related experience within a financial institution or at least 5+ years of direct experience with federal tax credit investments.
• Superior communication and credit skills.
• Knowledge of Community Development Banking teams at Bank of America.
• Credit analysis and underwriting experience for multifamily housing, including financial accounting principles, loan structuring, and interest rate protection products.
• Technical knowledge of federal and state tax credit equity investments, especially Low-Income Housing Tax Credits and Historic Tax Credits, or prior experience in a risk management role.
• Ability to build close working relationships with various business partners.

Skills

• Credit and Risk Assessment
• Critical Thinking
• Risk Analytics
• Risk Management
• Strategic Thinking
• Decision Making
• Interpretation of Relevant Laws, Rules, and Regulations
• Issue Management
• Portfolio Analysis
• Regulatory Compliance
• Business Intelligence
• Financial Accounting
• Inclusive Leadership
• Influence
• Presentation Skills

Schedule

1st shift (United States of America), 40 hours per week.