Portfolio Risk Manager

2 weeks ago


Muncie, Indiana, United States Bank of America Merchant Services Full time
Bank of America Merchant Services is looking for a Credit Officer to enhance our team. This role will play a crucial part in the development and enforcement of policies and procedures aimed at effective portfolio risk management, credit risk evaluation, and oversight of special assets.

Key Responsibilities:
  • Serve as Chair for the Regional or Line of Business Loan Committee, as assigned.
  • Lead the Regional Special Assets and Watch Committees, as designated.
  • Participate as a member of a Line of Business Loan Committee, as designated.
  • Execute additional responsibilities, including approving Environmental Due Diligence Checklists, construction draws, and administrative renewals.
  • Collaborate with the RCCO to ensure adherence to standard credit processes, procedures, and policies while maintaining accurate grading of the commercial credit portfolio.
  • Act as a member of the Regional or Line of Business and Regional Special Assets Loan Committees as designated.
  • Communicate significant asset quality concerns to the Regional Chief Credit Officer.
  • Prepare regional or line of business migration reports regarding commercial credit portfolio asset quality, including grading, impairment, non-accrual, and charge-off recognition.
  • Monitor and manage the delinquency status, construction loan status, borrowing base reporting, marketable security reporting, and loan covenant compliance.
  • Ensure compliance with corporate concentration limits and thresholds.
  • Oversee the timely completion of Annual Credit Reviews.
  • With RCCO approval, respond to audits, loan reviews, and examinations by FDIC and other internal and external bodies.
  • Complete compliance and other assigned training.
  • Contribute as a member of the business management team.
  • Assist the Regional Chief Credit Officer in organizing meetings, including preparing agenda items and materials.
Qualifications:
  • Bachelor's degree in accounting, finance, business, or a related field.
  • A minimum of six (6) years of experience in commercial credit or a related field.
Preferred Qualifications:

Master's degree in accounting, finance, business, or a related field.

Benefits Offered:
  • Competitive Base Pay PLUS Bonuses
  • Comprehensive Medical, Dental, and Vision Insurance
  • 401k Plan
  • Health Savings and Flexible Spending Accounts
  • Paid Vacation and Sick Time
  • Paid Holidays
  • Paid Parental Leave
  • Tuition Reimbursement
  • Additional Benefits
About Us:

Bank of America Merchant Services is committed to being a meaningful workplace and positively impacting the communities we serve. Our Vision, Mission, and Team statement reflect our dedication to authentic service.

Our Vision:

To enhance the financial wellness of the diverse communities we serve.

Our Mission:

To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.

Our Team:

We are a diverse group of colleagues passionate about making a positive impact. We are dedicated to fostering an inclusive environment where everyone feels they belong.

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