Consumer Vehicle Lending & Collections Credit Risk Executive

　　Newark, Delaware;Dallas, Texas; Charlotte, North Carolina; Jacksonville, Florida

　　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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

　　One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

　　Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

　　Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

　　Job Description Summary

　　The position requires extensive knowledge and experience with consumer auto lending & leasing and managing credit risk within consumer portfolios as well as experience with consumer collections practices. Responsible for oversight of the credit quality of new consumer auto loans & leases and oversight of credit risk impacts of collections practices for all consumer loan portfolios (credit card, auto, home loans & small business). Provides and directs complex analysis on credit, targeting & product strategies to identify emerging credit risks, assess portfolio health, establish risk threshold and business remains within risk appetite limits. Analyzes performance trends to identify issues, opportunities and recommend credit & collections actions. Monitors industry and economic trends as well as changes in consumer behavior. Communicates with, influences, and presents to peers and senior management the FLU, Internal Audit, external Regulators, and Enterprise Risk partners.

　　Job Description

　　Bank of America is seeking a Credit Risk Executive who will cover credit risk for the consumer auto portfolio as well as oversight of collections strategies and practices for all consumer portfolios. Primary coverage includes credit strategies & monitoring for consumer and small business auto loans & leases and specialty lending (such as RV). Additional coverage includes oversight of collections strategies, with a focus on credit risk impacts of collections effectiveness for all consumer & small business portfolios including card, auto, unsecured loans and home loans.

　　Responsibilities include:

　　• Directing & supporting a team of risk managers who:

　　• Set annual Risk Appetite Limits for new account vintages

　　• Monitor business & credit strategy performance, escalate breaches and work with FLU to develop action plans

　　• Review and approve changes to credit, targeting, pricing and product strategies

　　• Monitor asset quality, economic, industry and consumer behavior trends to identify emerging credit risks

　　• Establish program performance guardrails and evaluate performance

　　• Challenge Executive partners across supporting businesses to ensure alignment with Credit Risk Appetite, Other Credit Risk limits and metrics

　　• Maintaining relationship & dialogue with external regulators and supporting exams

　　• Providing regular updates to senior risk leadership, risk forums, management & credit risk committees and Board of Directors

　　Required Skills:

　　• Minimum of 15 years of credit risk, underwriting/collections experience (underwriting/credit strategy/credit risk/collections)

　　• Minimum of 10 years of auto lending experience

　　• Analytical capabilities (ability to analyze and interpret data trends, credit performance, model performance)

　　• Intellectually curious

　　• Strong communication skills: ability to develop, communicate and influence Senior Executives

　　• Strong conflict management skills

　　Desired Skills:

　　• Knowledge of Credit Risk Management Processes, Risk Appetite Setting, Credit Strategy Change review and approval, Loss Forecasting, Credit Portfolio Management, Credit Modeling and Model Risk Management

　　• Advanced degree in business, economics, finance, accounting, statistics, math

　　• Experience with analytical tools, such as SAS, SQL, Tableau, Micro Strategies

　　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 and affirmative action, 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.

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　　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.

　　To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .