Bank Inspector Jobs in Chicago, IL (NOW HIRING)

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:

This job is responsible for leading a dynamic oil and gas engineering process that evaluates the client's oil and gas reserves to determine proper loan asset values and potential collateral risks that could jeopardize loan repayment. The successful candidate will possess the necessary technical skills and relevant managerial experience to lead a team of bank engineers to execute the process at a high level while continuing to drive for process improvements and operational efficiencies.

Role Responsibilities
Bank of America's engineering staff is responsible for evaluating the client's oil and gas reserves in conjunction with new financing transactions under consideration plus semi-annual borrowing base redeterminations. The engineering position supports the process by performing analysis and risk assessment of client engineering data.This position will have responsibilities for managing associates, but will also require the engineer to provide engineering analysis and support for their own clients.

Specific Responsibilities include:

• Drive accuracy, consistency and timely execution of the engineering process

• Champion data driven decision-making and removes obstacles to optimize operations

• Develop and refine engineering techniques for continued process improvement

• Coach to sustain and elevate organizational performance

• Efficiently allocate and manage resources to drive short and long term profitability

• Inspect and challenge risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk

• Contribute to enterprise strategy and connect team contributions to business purpose, results, and success

Minimum Candidate Qualifications

• BS Petroleum Engineering

• 10+ years of relevant experience with 3+ years managerial experience working for a financial institution

• Strong Aries experience is required; Strong PHDwin experience is preferred

• Strong Microsoft Access and Excel skills; Excel modeling experience required

• Experience with bank E&P (Exploration & Production) borrowing bases required

• Significant business knowledge of risk management and regulatory interactions

• Strong analytical and organizational skills; focus on attention to detail

• Excellent written and verbal communication skills. Effectively packages and communicates complex content and information.

• Demonstrated ability to engage and communicate at the executive level, establish, and maintain collaborative partnerships and provide thought leadership to strategic decisions

• Critical thinker with the ability to influence senior leaders, including to challenge the status quo, produce appropriate changes and implement goals

• An individual who can lead a diverse associate population, inspire a strong sense of camaraderie and accountability, and motivate continuous improvements to performance. Able to attract, retain and develop top talent

Technical Competencies Include:

• Data input, organization, manipulation, and presentation of oil and gas cash flow projections

• Execution of engineering software (ARIES, PHDWin) to analyze data and prepare forecasts

• Extraction of model cash flow projections into Excel-based credit models to assess asset performance

• Preparation of narrative engineering reports and supporting documentation

• Routine correspondence with internal partners and external clients related to engineering matters

• Preparation of internal reports related to the oil and gas portfolio

• Adherence to credit policy and due diligence guidelines

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - CO - Denver - 370 17TH ST - REPUBLIC PLAZA (CO1004), US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)Pay and benefits informationPay range$242,400.00 - $278,600.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.