Leasing Credit Manager-Portfolio Management Group

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:

Global Leasing’s Portfolio Management Group is tasked with the on-going monitoring of the broader Leasing portfolio, assuring the timely and proper execution of its risk monitoring processes.  This includes the periodic review of customer reported financial performance for the assessment of assigned risk ratings to the equivalent of regulatory Pass, Criticized, and Classified categories, compilation of periodic written reviews, covenant and other terms compliance, and review of amendment requests and restructures.  Relationships extend across a wide variety of industries, and include both public and private Corporations, Healthcare Providers, and Government entities, as well as High Net Worth Individuals and International accounts.

The Leasing Credit Manager (“LCM”) will be responsible for the day-to-day management of a group of Portfolio Management Officers, overseeing their execution of the ongoing assessment of the credit worthiness of borrowers in the Global Leasing portfolio.  The team is responsible for the monitoring and tracking of required monthly workflow that will include the setting of appropriate obligor and facility risk ratings through ongoing review of client financial statements, covenant compliance reviews, review of loan/lease legal documents and collateral, and monitoring of news articles and other early warning alerts.  The LCM will oversee the appropriate execution of credit solutions while optimizing risk and return, managing asset quality, and ensuring high quality underwriting that aligns with policy and procedures.  The LCM will also assure the timely and high-quality completion of required periodic customer status reviews, High Attention Credit (“HAC”) memos, and Scheduled Exposure Reports (“SERs”), as well as ad-hoc credit-related requests for clients, including the review and approval of extensions, waivers and amendments to existing leases or loans when they occur.

The LCM continually enhances team performance, develops future leaders and preserves the talent depth of the team by selecting new members, arranging appropriate training and development, coaching, managing performance, removing obstacles to ensure the team’s success, and when appropriate, exporting talent.  The LCM is responsible for establishing and maintaining a diverse and inclusive workplace and focusing on employee and client satisfaction.

The position will include routine interaction with Global Leasing’s Risk Management Officers, Marketing Officers, SAG Officers, Legal, Equipment Management Officers and front-end Credit Underwriting Officers.  The LCM will also have direct contact with customers, when required.  When a Bank relationship exists outside the Global Leasing group, the LCM and its team will be expected to work with the Bank credit teams to assure awareness of any required actions and risk rating assignments to assess impact to Global Leasing’s exposure and interact effectively with Bank partners.  The assigned portfolio of accounts will include Criticized and Classified (troubled/workout) assets managed outside of the Special Asset Group.

The successful LCM will be able to simultaneously manage multiple demands and priorities while maintaining organization, adherence to deadlines and compliance with policy.  Additionally, the ability to identify, anticipate and to proactively address potential credit problems early in the process is critical, with appropriate escalation to credit peers or managers. 

The position will be flexible to fill as a Leasing Credit - Team Leader based on experience.  The Team Leader role, in addition to the above, will also be tasked with monitoring an individual and directly assigned portfolio of accounts. 

Responsibilities:

• Oversees the process for the continued assessment of the credit worthiness of borrowers based on updated risk rating assessments and due diligence findings, financial statement analysis, forecasting, analysis of company and industry risks, and compliance with Loan/Lease terms and conditions.
• Manages the ongoing workload balance for the Portfolio Management Officers and the continued transfer cycle of transaction to and from the front-line Credit Underwriters. 
• Exercises Delegated Approval Authority using sound judgment and expertise to make approval decisions for the business including risk ratings, annual reviews, credit worthiness and exposure management strategies, as well as structuring and negotiating deal terms and legal documentation arising from modifications and breach actions.
• Acts as a senior coverage team resource supporting team members in ongoing credit matters and asset quality, maintaining adherence to the bank's risk appetite and risk strategies to mitigate losses.
• Assures the establishment of appropriate internal risk ratings for clients and implements accurate adjustments throughout the client's credit life cycle.
• Depending on experience, may lead Global Leasing’s broader semi-annual High Attention Credit meeting and processes. 
• Depending on experience, may be asked to directly manage a portfolio of accounts.
• Trains, coaches, and mentors Credit Officers.

Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Opportunity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals.
• Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.
• Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
• Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
• People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
• Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
• Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
• Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.

Required Qualifications:

• 10+ years’ experience in commercial banking and/or leasing industry.
• Must have Credit Underwriting and/or Portfolio Management Experience.
• Experience in reviewing Public and Private Corporate Financial Statements.

Desired Qualifications:

• Undergraduate Degree in Finance or Accounting
• Prior Management Experience
• Prior experience in Risk Rating Scorecard preparation
• Prior Lease equipment finance experience
• Prior experience in Corporate Aircraft Financing
• Proficient in Moody's CreditLens - Financial Statement Spreading
• Prior experience in high risk Criticized/Classified Exposures
• Experience in reviewing High Net Worth Personal Financial Statements and Tax Returns

​Skills:

• Credit and Risk Assessment
• Performance Management
• Planning
• Retention
• Risk Management
• Business Operations Management
• Coaching
• Collaboration
• Issue Management
• Regulatory Relations
• Continuous Improvement
• Mentoring
• Problem Solving
• Process Management
• Talent Development

Shift:

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