Credit Risk Manager Jersey City, New Jersey **To proceed with your application, you must be at least 18 years of age.** Acknowledge Refer a friend **To proceed with your application, you must be at least 18 years of age.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/Lateral-US/job/Jersey-City/Credit-Risk-Manager\_25043337) **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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! **Job Description:** This job is responsible for overall portfolio or product set performance and asset quality and may include credit approval authority. Key responsibilities include focusing on but not limited to credit, market, and reputational risk; as well as adherence to credit risk policies and external/internal reporting, including but not limited to Top of House (TOH) and Line of Business (LOB) specific reports or regulatory related reporting. Job expectations include having detailed knowledge of regulatory issues and providing expertise on highly complex transactions to business/support partners. **Responsibilities:** + Sets or oversees the ongoing management of risk parameters and guardrails for credit risk while ensuring adherence to risk appetite/limits, and actively inspects and/or designs risk scenarios to implement decisions + Supports or oversees the credit approval process and therefore is accountable for overall portfolio performance and asset quality, including underwriting, structuring and monitoring tasks + Conducts analysis, inspects and/or develops credit risk reporting for specific products, and monitors and reports on key indicators for changes in credit quality to communicate to senior management + Sets or oversees adherence to policy and standards and ensures first line credit officers and managers are appropriately performing due diligence that the risk is within the bank's defined risk appetite, using knowledge of stress testing and its applicability to credit risk + Monitors for adherence to industry risk governance, as well as monitoring for potential operational, reputational and market risk issues + Identifies risks early that could impact the assigned portfolio and coordinates with business counterparts to resolve portfolio issues + Translates and manages plans of action to achieve a goal across varying audiences The Documentation Standards Team resides within Model Testing Standards and Oversight (MTSO). The team sets and oversees the standards and infrastructure with which Global Risk Analytics (GRA) and Enterprise Independent Testing (EIT) teams prepare documentation for models, testing programs, and risk management to ensure delivery of high-quality, impactful written deliverables that drive operational excellence and organizational success. This includes supporting the GRA Documentation Framework, applying Enterprise requirements and maintaining Lines of Business specific requirements for procedures owned by GRA and EIT, and overseeing procedure inventories. The Risk Management Sr Officer will be responsible for supporting lifecycle oversight activities for in-scope documentation, including setting and enhancing documentation standards, training GRA and EIT teams, communicating with stakeholders, and monitoring and testing adherence to documentation standards and requirements. + Contribute to setting and improving standards for high quality written work across GRA and EIT + Provide clear, constructive feedback on documentation quality + Educate GRA and EIT on the standards and contribute to related skills development programs + Liaise with stakeholders within GRA, EIT, Global Compliance & Operational Risk, and Corporate Audit & Credit Review + Support oversight of adherence to GRA and EIT documentation standards + Maintain documentation inventories and associated governance + Contribute to quality control and peer review processes that support documentation standards **Required Skills:** + Strong understanding of technical and executive writing principles, including clarity, conciseness, accuracy, and audience awareness are essential + 5+ years experience in, or understanding of, the design and execution of Quality Control reviews + Proficiency withcontent/documentationmanagement systems and versioning + Ability to work independently in a self-directed manner + Strong attention to detail + Analytical Thinking + Critical Thinking + Risk Assessment and measurement, analysis, and reporting of risk + Experience in, or understanding of, Risk Governance + Project management + Strong interpersonal skills + Collaboration + Oral communication skills + Coaching **Desired Skills:** + Regulatory, Auditing, Business Controls Management, Enterprise Testing, or Quality Assurance experience + Experience in designing and delivering training to a wide range of audiences + Development and maintenance of procedures + Experience in, or understanding of, process design + Monitoring, Surveillance, and Testing + Issue Management **Skills:** + Credit and Risk Assessment + Critical Thinking + Risk Analytics + Risk Management + Strategic Thinking + Decision Making + Interpret Relevant Laws, Rules, and Regulations + Issue Management + Portfolio Analysis + Regulatory Compliance + Business Intelligence + Financial Accounting + Inclusive Leadership + Influence + Presentation Skills **Shift:** 1st shift (United States of America) **Hours Per Week:** 40 Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) . View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) . Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.