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About the Role

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. The Credit Risk Manager is responsible for providing independent credit risk oversight for Bank of America's Real Estate Structured Finance (RESF) business across the United States and EMEA. This role serves as the primary Credit Risk partner on the most complex, high-profile, and sensitive transactions, working closely with Relationship Managers, Credit Product Specialists, and other key stakeholders throughout the transaction lifecycle.

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
Review, challenge, and approve financing requests originated by the U.S. and EMEA Real Estate Structured Finance teams, ensuring transactions are appropriately structured and aligned with the bank's risk appetite and policy requirements.
Partner with Relationship Managers and Credit Product Specialists to evaluate new business opportunities, identify key risks, develop mitigation strategies, and provide transaction structuring guidance.
Maintain ongoing oversight of an assigned loan portfolio, including monitoring asset performance, market developments, underwriting trends, and emerging risk factors.
Prepare and present materials for Quarterly Portfolio Review meetings, including analysis of market conditions, portfolio performance, asset quality trends, country risk considerations, and other key portfolio metrics.
Assess a broad spectrum of risks associated with transactions and portfolios, including credit, market, counterparty, operational, legal, and reputational risks.
Provide guidance on policy interpretation and application, ensuring consistent adherence to internal credit standards and regulatory expectations.
Collaborate closely with Front Line Units and key risk and support partners, including Market Risk, Counterparty Risk, Legal, Credit Review, Appraisal, Compliance, and other control functions.
Participate in securitization-related activities, including: Reviewing loans acquired from third-party originators for inclusion in CMBS transactions.
Participating in B-piece investor due diligence and review discussions.
Reviewing and approving risk retention structures for CMBS and Single-Asset Single-Borrower (SASB) transactions.
Lead or support strategic and regulatory initiatives, including policy and procedure enhancements, Operational Excellence programs, Matter Requiring Attention (MRA) remediation efforts, market studies, and other special projects.
Mentor and advise RESF team members on transaction-specific risks, underwriting considerations, and risk mitigation strategies to promote strong and consistent credit practices.
Develop and maintain strong relationships with business partners and provide credible challenge on risk issues while supporting responsible business growth.
Communicate complex risk and market considerations effectively, provide thoughtful challenge, and influence decisions at multiple levels of the organization.

Requirements

Bachelor's degree in Real Estate, Finance, Accounting, Economics, Business Administration, or a related discipline; equivalent education and relevant professional experience will also be considered.
Minimum of 10 years of progressive experience in commercial real estate lending, underwriting, credit risk management, or structured finance, with significant exposure to complex institutional real estate transactions.
Experience with CMBS, SASB, and structured finance transactions is strongly preferred.
Demonstrated expertise in commercial real estate credit underwriting, including analysis of sponsor strength, property cash flows, capital structures, market dynamics, valuation methodologies, and repayment capacity.
Strong financial modeling and analytical skills, including cash flow forecasting, debt sizing, stress testing, valuation analysis, sensitivity analysis, and performance monitoring across a range of property types.
Extensive knowledge of credit risk management principles, regulatory expectations, risk appetite frameworks, credit policies, portfolio management practices, risk rating methodologies, and loss forecasting concepts.
Proven ability to independently evaluate and approve complex credit transactions, identify emerging risks, challenge assumptions, and develop effective risk mitigation strategies.
Exceptional organizational and prioritization skills with the ability to manage a high-volume transaction pipeline, balance competing priorities, and consistently meet deadlines in a fast-paced environment.
Demonstrated ability to lead multiple concurrent initiatives from inception through execution while maintaining a high level of accuracy, attention to detail, and sound risk judgment.
Strong project management, problem-solving, and execution capabilities, with a track record of driving complex initiatives to successful completion.
Excellent relationship management and influencing skills, with the ability to build credibility, foster collaboration, navigate differing viewpoints, and achieve consensus across business and risk partners.
Proven ability to communicate complex financial and risk concepts clearly and effectively to senior management, risk committees, and other key stakeholders through both written and verbal presentations.
High degree of professional maturity, accountability, and independent judgment, coupled with a strong understanding of the responsibilities and expectations associated with a senior credit risk management role.
Advanced proficiency in Microsoft Excel, Word, and PowerPoint, along with experience using Adobe Acrobat and other analytical and reporting tools.

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

Location

US - NY - New York

Work Type

Onsite

Experience Level

10+ years

Education Level

Bachelor's degree

Salary/Compensations

$104,300.00 - $183,000.00

Benefits

Discretionary incentive eligible
Eligible to participate in the annual discretionary plan
Industry-leading benefits
Access to paid time off
Resources and support

About the Company

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 and providing a culture of caring is core to how we drive Responsible Growth.
We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success.
This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences.
These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development.
Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact.
Join us!