Senior Credit Risk Review Manager I-Virtual

Overview

This role manages the development, execution, and leadership of the Credit Risk Review (CRR) Continuous Review program for assigned CRR team and/or line of business units. Responsibilities focus on independent, critical evaluation of credit risk management processes, portfolio credit quality and trends, emerging risks, and effective communication of review results to executive management, regulators, external auditors, and first- and second-line business personnel.

Responsibilities

• Lead and oversee CRR Continuous Review program activities, including:
  • Independent evaluation of the accuracy and effectiveness of credit risk management processes across the organization, including risk identification/rating, underwriting, new origination, borrower selection, and portfolio management
  • Assessment of compliance with loan policies, procedures, and applicable laws and regulations
  • Review of problem asset administration and loan impairments/charge-offs
  • Identification of emerging risks
• Analyze and communicate credit quality and related trends on a portfolio, industry sector, and/or product basis.
• Maintain advanced understanding of lending and credit risk topics, including risk appetite and framework, bank policies and procedures, and risk monitoring and mitigation practices for assigned areas.
• Support CRR management team in meeting regulatory heightened standards expectations.
• Assist in establishing key annual goals and risk-based business plans for assigned areas; update as necessary throughout the year, including identifying and elevating variances to plan.
• Ensure CRR procedures remain current and reflect actual/desired practices.
• Complete (or ensure completion of) continuous review activities for assigned commercial portfolios with minimal supervision and in accordance with CRR procedures, deadlines, and performance/financial plan objectives.
• Manage, lead, and/or participate in horizontal, targeted, and other portfolio review activities.
• Present CRR activities and results (as required) in meetings with executive management, senior leaders, regulators, and external auditors.
• Prepare and disseminate accurate and timely quarterly and annual summaries of results, including an annual assessment of credit risk and overall quality of assigned portfolios.
• Develop and maintain a forward-looking view of aggregate portfolio risk levels, including line of business strategies, risk considerations, portfolio quality trends, and open issues.
• Attend relevant committee, portfolio review, problem asset review, and business controls meetings; hold informational meetings with first- and second-line senior business leaders and personnel to share perspectives.
• Challenge and provide consultative guidance to first- and second-line senior business leaders and personnel regarding:
  • Risk ratings
  • Credit risk management practices
  • Emerging risks
  • Borrower/portfolio credit quality trends
  • Strategies, policies, organization design, and/or staffing levels and expertise
• Collaborate in a balanced and consultative manner with first- and second-line teams to strengthen working relationships and provide feedback from continuous review outcomes.
• Ensure timely socialization and publication of concise, well-written reports that summarize findings, observations, and recommendations for improvement (as appropriate).
• Maintain accountability for open CRR issues, observations, and recommendations, including soliciting and evaluating action plans to address root causes, resolve CRR concerns, and mitigate overall risk.
• Assist in promptly resolving any matters requiring attention (MRAs) or issues assigned to CRR with sustainable improvements to business practices.
• For commercial roles, manage and execute processes to review the accuracy of assigned risk ratings (including regulatory, probability of default, and loss given default ratings) and accrual status using applicable policies, risk rating models, and definitions.
• Convey rating changes to first- and second-line business leaders with minimal assistance and promptly escalate unresolved disagreements.
• Perform quality assurance activities, including participation in effective challenge meetings, secondary review of work papers and supporting documents, and peer-to-peer feedback.
• Use quality assurance results constructively for employee development and for recommending enhancements to the CRR program.
• Drive continuous improvement in CRR process management by recommending changes, benchmarking best practices, and incorporating improvements into CRR procedures as appropriate.
• Share review findings and emerging risks with Internal Audit and other risk functions; coordinate work to ensure appropriate independent oversight of credit risk management processes.
• Assume leadership roles and/or participate in due-diligence reviews for potential acquisitions and other special projects as requested.
• Recruit qualified candidates to maintain appropriate staffing levels, expertise, and bench strength; for people manager roles, maintain a succession plan for critical CRR positions under supervision.

Supervisory Responsibilities (as applicable)

• Develop and manage direct reports to achieve CRR goals and performance objectives.
• Ensure employees have performance and developmental goals and receive timely, candid, and constructive feedback.
• Provide training opportunities and challenging assignments to support career growth.
• Recognize and reward employees for accomplishments.

Requirements

• Bachelor's degree in a business related field.
• Graduate degree in relevant field (Business, Finance or Economics) preferred.
• Minimum of 12 years lending and/or credit related experience, with a minimum of 7 years managing or leading employees in project management assignments.
• Credit Risk Review or similar loan review or regulatory agency managerial experience preferred.
• Sound leadership and excellent interpersonal, analytical, and verbal/written communication skills.
• Ability to maintain a positive business presence and exercise sound judgment when interfacing with executive management, senior leaders, regulators, external auditors, first- and second-line business personnel, and peers.
• Strong project management and presentation skills; ability to synthesize data to reach accurate conclusions.
• Advanced ability to understand and interpret data from various applications and database tools to draw high-level conclusions and determine required actions.
• Strong influencing and negotiation skills.
• Proficiency in MS-Word, MS-Excel, MS-PowerPoint, and other related PC applications.

Compensation & Benefits

• Total Base Pay Range: $121,900.00 - $262,100.00 USD Annual
• Base salary varies by role, relevant skillset, relevant experience, education, and geographic location.
• Eligible to participate in an incentive compensation plan (payment based on company, line of business, and/or individual performance).
• Comprehensive benefits package supporting physical, financial, emotional, and social well-being.

Location

• Virtual, Ohio 00000