Credit Risk Officer

Welcome to Bank of America, one of the largest and most reputable financial institutions in the world. We are currently seeking a highly motivated and experienced Credit Risk Officer to join our team and help us maintain our strong reputation for responsible lending practices. As a Credit Risk Officer, you will play a crucial role in assessing and managing the credit risk of our clients, ensuring the safety and stability of our bank's assets. If you have a strong background in credit risk analysis, exceptional decision-making skills, and a passion for delivering exceptional customer service, we want to hear from you. Join us in our mission to help individuals and businesses achieve their financial goals while safeguarding our bank's integrity.

1. Conduct thorough credit risk analysis on potential and existing clients using various tools and techniques.
2. Develop and implement risk management strategies and policies to ensure responsible lending practices.
3. Monitor and evaluate credit portfolios to identify potential risks and make recommendations for risk mitigation.
4. Collaborate with other departments, such as underwriting, to ensure accurate and timely assessment of credit risk.
5. Communicate credit risk findings and recommendations to senior management and provide regular updates on portfolio performance.
6. Stay updated on industry trends and regulatory requirements related to credit risk.
7. Review and approve credit applications within designated authority levels.
8. Identify areas for process improvement and implement efficient and effective credit risk management procedures.
9. Build and maintain strong relationships with clients to ensure a deep understanding of their credit risk profile.
10. Provide exceptional customer service and support to both internal and external stakeholders.
11. Ensure compliance with all applicable laws, regulations, and internal policies related to credit risk.
12. Train and mentor junior credit risk officers to develop a high-performing team.
13. Stay updated on market and economic conditions to anticipate potential credit risks.
14. Proactively identify and escalate any potential credit risk issues to senior management.
15. Maintain accurate and organized documentation of credit risk assessments and decisions.

According to JobzMall, the average salary range for a Credit Risk Officer in Los Angeles, CA, USA is between $80,000 and $120,000 per year. However, this can vary depending on factors such as experience, company size, and industry.

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and Legacy Assets and Servicing. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses.