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Portfolio Risk Manager Jobs in California (NOW HIRING)

City National Bank

Portfolio Manager Associate

San Francisco, CA · On-site

$92K - $156K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Create and/or review client portfolio review presentations and portfolio risk/return analysis presentations. * Manage the workflow and development of teammates: - Training of systems and procedures ...

City National Bank

Portfolio Manager Associate

Beverly Hills, CA · On-site

$92K - $156K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Create and/or review client portfolio review presentations and portfolio risk/return analysis presentations. * Manage the workflow and development of teammates: - Training of systems and procedures ...

City National Bank

Portfolio Manager Associate

Beverly Hills, CA · On-site

$92K - $156K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Create and/or review client portfolio review presentations and portfolio risk/return analysis presentations. * Manage the workflow and development of teammates: - Training of systems and procedures ...

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Portfolio Risk Manager information

See California salary details

$36.5K

$99.1K

$185K

How much do portfolio risk manager jobs pay per year?

As of Aug 18, 2026, the average yearly pay for portfolio risk manager in California is $99,143.00, according to ZipRecruiter salary data. Most workers in this role earn between $64,600.00 and $128,300.00 per year, depending on experience, location, and employer.

How does a portfolio risk manager typically collaborate with investment teams to manage risk?

Portfolio Risk Managers work closely with portfolio managers, analysts, and traders to identify, assess, and mitigate potential risks within investment portfolios. They regularly participate in strategy meetings, provide risk analysis on proposed trades, and ensure portfolios remain aligned with the firm's risk appetite and regulatory requirements. Effective communication and data-driven insights are key, as Portfolio Risk Managers must translate complex risk metrics into actionable recommendations for the investment team. This collaborative approach helps ensure that investment decisions balance potential returns with an appropriate level of risk.

What are the key skills and qualifications needed to thrive as a portfolio risk manager, and why are they important?

To thrive as a Portfolio Risk Manager, you need strong quantitative analysis, financial modeling abilities, and a solid understanding of risk management principles, often supported by a degree in finance, economics, or a related field. Familiarity with risk analytics tools such as Bloomberg, MATLAB, or SAS, and certifications like FRM or CFA are typically required. Strong communication, critical thinking, and problem-solving skills help in presenting complex risk findings to stakeholders and making sound decisions under pressure. These competencies are crucial for identifying, assessing, and mitigating risks to optimize portfolio performance and protect organizational assets.

What does a portfolio risk manager do?

A portfolio risk manager analyzes and monitors the risks associated with investment portfolios to ensure they align with the organization's risk appetite and objectives. They use tools like risk assessment models and financial data analysis to identify potential threats and implement strategies to mitigate losses, often working closely with investment teams and utilizing risk management software.

What cities in California are hiring for Portfolio Risk Manager jobs?

Cities in California with the most Portfolio Risk Manager job openings:

Portfolio Risk Manager jobs near you
Infographic showing various Portfolio Risk Manager job openings in California as of August 2026, with employment types broken down into 90% Full Time, 9% Part Time, and 1% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $99,143 per year, or $47.7 per hour.

Credit Risk Manager - CREB Community Development Banking

Bank of America

Los Angeles, CA • On-site

Full-time

PTO

Re-posted 3 days ago

Bank Of America rating

8.2

Company rating: 8.2 out of 10

Based on 529 frontline employees who took The Breakroom Quiz

51st of 171 rated banks

Job description

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
This job is responsible for overall portfolio or product set performance and asset quality and may include credit approval authority. Key responsibilities include focusing on but not limited to credit, market, and reputational risk; as well as adherence to credit risk policies and external/internal reporting, including but not limited to Top of House (TOH) and Line of Business (LOB) specific reports or regulatory related reporting. Job expectations include having detailed knowledge of regulatory issues and providing expertise on highly complex transactions to business/support partners.
Responsibilities:
  • Sets or oversees the ongoing management of risk parameters and guardrails for credit risk while ensuring adherence to risk appetite/limits, and actively inspects and/or designs risk scenarios to implement decisions
  • Supports or oversees the credit approval process and therefore is accountable for overall portfolio performance and asset quality, including underwriting, structuring and monitoring tasks
  • Conducts analysis, inspects and/or develops credit risk reporting for specific products, and monitors and reports on key indicators for changes in credit quality to communicate to senior management
  • Sets or oversees adherence to policy and standards and ensures first line credit officers and managers are appropriately performing due diligence that the risk is within the bank's defined risk appetite, using knowledge of stress testing and its applicability to credit risk
  • Monitors for adherence to industry risk governance, as well as monitoring for potential operational, reputational and market risk issues
  • Identifies risks early that could impact the assigned portfolio and coordinates with business counterparts to resolve portfolio issues
  • Translates and manages plans of action to achieve a goal across varying audiences
  • Position requires knowledge and experience with an affordable housing loan portfolio and tax credit investment product set, especially Low Income Housing Tax Credit investments.
  • Position provides credit policy and portfolio management guidance to business partners. Responsible for West Region CDB portfolio and that region's production offices.
  • Mandatory components of the position are applying Credit Risk Policy, overseeing portfolio reviews, forecasting regional asset quality performance, studying industry practices, and working with Credit Officer and Underwriter teammates from deal screening through credit approval, legal documentation and closing. Position will also focus on quick resolution of any problem loans/equity investments should issues arise.
  • Position will have joint credit approval authority, provide expertise on complex transactions having both debt and equity investment exposures, and ensure all approvals and decisions are consistent with the Bank's Risk Framework.
  • Position works directly with the business managers, product and marketing managers, legal, corporate finance, regulatory and executive risk management while managing risks for a multi-state territory.
  • Role provides guidance and mentoring to junior associates and will have input for policy content when updating and reviewing policies applicable to Community Development Banking debt and equity products.
  • Position requires a bias for action and a commitment to achieving sustainable results.
  • Role may require occasional travel for direct client contact or project and market inspections

Required Qualifications:
  • 10+ years of related experience within a financial institution or at least 5+ years of direct experience with federal tax credit investments
  • Must have superior communication and credit skills
  • Knowledge of the primary functions of Community Development Banking teams at Bank of America
  • Credit analysis and underwriting experience for multifamily housing, including financial accounting principles, loan structuring, and experience with interest rate protection products.
  • Technical knowledge and skills pertinent to federal and state tax credit equity investments (especially Low Income Housing Tax Credits and Historic Tax Credits), or prior experience in a risk management role.
  • Requires close working relationships with various business partners.

Skills:
  • Credit and Risk Assessment
  • Critical Thinking
  • Risk Analytics
  • Risk Management
  • Strategic Thinking
  • Decision Making
  • Interpret Relevant Laws, Rules, and Regulations
  • Issue Management
  • Portfolio Analysis
  • Regulatory Compliance
  • Business Intelligence
  • Financial Accounting
  • Inclusive Leadership
  • Influence
  • Presentation Skills

Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - CA - Los Angeles - 333 S HOPE ST - BANK OF AMERICA PLAZA (CA9193), US - CA - San Francisco - 555 California St - Bofa Center - 555 California (CA5705)
Pay and benefits information
Pay range
$137,000.00 - $197,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This 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.
Benefits
This 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.

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About Bank Of America

Sourced by ZipRecruiter

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.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Charlotte, NC, US

Year founded

1998

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