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Credit Manager II - Valuation​/Equipment Management Group

Job in Chicago, Cook County, Illinois, 60290, USA
Listing for: Bank of America
Full Time position
Listed on 2026-06-26
Job specializations:
  • Management
    Financial Manager
Job Description & How to Apply Below

Position Overview

The Equipment Management Valuation Manager is responsible for directing the Equipment Management Group (EMG) Valuation team, which provides valuations for new and existing leasing transactions. The role involves setting residual values (RV) for new lease transactions and periodically assessing the recoverability of RVs in the existing portfolio. It also sets direction, policies, procedures, and guidelines to maximize the team’s efficiency and meet the needs of the Global Leasing business.

Responsibilities
  • Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals.
  • Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data-based decision making and continuous improvement.
  • Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
  • Ensures proper risk discipline, controls and culture are in place to identify, elevate and debate issues.
  • Provides inspection, coaching and feedback to motivate, differentiate and improve performance, while assessing talent and building bench strength across the organization.
  • Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
  • Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.
  • Leads a team of valuation professionals, optimizing knowledge of equipment markets and applying market intelligence to risk/return parameters of new transactions; evaluates new target markets and supports analysis, winning, and management of new equipment investment opportunities.
  • Builds and maintains relationships with internal and external customers to support the growth of the leasing portfolio and demonstrates knowledge of a wide range of equipment types and markets, including trucking, mining, construction, rail, materials handling, warehouse equipment, energy, marine, and manufacturing.
  • Manages the evaluation process for a high volume of assets and transactions across diverse equipment types (excluding aircraft), ensuring adherence to EMG policies, procedures, controls, and analytical principles.
Managerial Responsibilities
  • Opportunity & Inclusion Champion:
    Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals.
  • Manager of Process & Data:
    Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data-based decision making and continuous improvement.
  • Enterprise Advocate & Communicator:
    Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
  • Risk Manager:
    Ensures proper risk discipline, controls and culture are in place to identify, elevate and debate issues.
  • People Manager & Coach:
    Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
  • Financial Steward:
    Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
  • Enterprise Talent Leader:
    Assesses talent and builds bench strength for roles across the organization.
  • Driver of Business Outcomes:
    Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.
Required Qualifications
  • 10+ years of experience in equipment management, equipment valuation, equipment finance, or a closely related function.
  • Demonstrated experience leading and developing professionals within a risk, credit, valuation, or asset management environment.
  • In-depth knowledge of equipment markets, asset valuation methodologies, and lifecycle risk considerations, preferably within a bank‑owned or regulated leasing platform.
  • Demonstrated experience evaluating complex equipment assets across multiple industries and market cycles.
  • Proven ability to exercise sound judgment when forming value conclusions in the presence of incomplete, evolving, or conflicting information.
  • Demonstrated experience producing defendable valuation conclusions supported by market research, data analysis, and documented assumptions.
  • Experience translating technical equipment information, market…
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