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Consumer Credit Risk Executive – US Consumer Card Acquisitions – Credit Risk Executive

Bank of America | Newark DE 19711 USA | Full Time | Posted: 10/15/2019

Job Descriptiontop

Job Description:


Responsible for oversight of the credit quality of new consumer credit card business (4-5 million accounts and roughly $30 Billion in annual unsecured exposure). 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 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.


Primary responsibilities include:

Directing & supporting a team of risk managers who:

  • Set annual Risk Appetite Limits for consumer card 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 and underwriting experience (underwriting/credit strategy/credit risk)

·         Minimum of 10 years of credit card 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

·         Required Educational background:  Bachelors degree in analytical or quantitative discipline (i.e; Statistics, Economics, Finance, Accounting or Engineering)  




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 and/or professional certifications (i.e.; CFA, FRM, CPA, etc.)

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



1st shift (United States of America)

Hours Per Week:


Job Detailstop

Location Newark, DE, 19711, United States
Categories Quality Assurance/Safety

Location Maptop

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Job Code 19064199-1

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