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Michael Ankrom

Managing Director and Enterprise Credit Risk Executive
Bank of America

MICK ANKROM is head of Enterprise Credit and Global Banking Risk at Bank of America. He is responsible for leading the credit risk management function for Bank of America and is the Chief Risk Officer for the Global Banking businesses.

Mick’s Credit Risk team oversees emerging and key credit risk trends, credit concentrations and asset quality. His team also is responsible for governance of wholesale risk rating scorecards, the allowance process, country and industry limits, and oversight of credit risk related policies, procedures and limits. Mick also works with the Bank of America Board and Management Committee to report and manage credit risk. His Global Banking Risk team provides independent risk oversight for the company's Global Banking businesses across all risk types.

Previously, Mick served as the Corporate Operational Risk executive responsible for developing and implementing the company’s Operational Risk Framework, with an emphasis on designing and implementing strong internal controls to identify, measure, monitor and control risks across the company.

He previously served as the risk executive for Global Wealth and Investment Management (GWIM) at the bank. Prior to that, Mick led the Credit Solutions Group for Global Wealth and Investment Management, where he was responsible for all structured securities-based lending across U.S. Trust and Merrill Lynch.

In his prior role, Mick was the chief operating officer for U.S. Trust, including the management of all credit and banking solutions for U.S. Trust. He joined the bank in 1996 as vice president and relationship manager for Middle Market Banking in Albany, New York.

Before joining Bank of America, he served in various commercial banking and real estate lending positions at Chase Manhattan Bank in upstate New York.

Mick is from Rifton, New York, and graduated from Siena College in Loudonville, New York, with a bachelor’s degree in finance.