Credit Risk Assessment Officer

2 weeks ago


Fairmont, Minnesota, United States WesBanco Bank, Inc. Full time

Requirements

A bachelor's degree from an accredited institution in a business-related discipline is essential, with a preference for Accounting or Finance majors.

At least 5 years of experience in a role such as Federal Bank Examiner, Loan Review, or Credit Analysis is mandatory.

Preferred certifications include BAI Loan Review Certification or RMA Credit Risk Certification.

Job Overview

SUMMARY:

Under the guidance of the Director of Loan Review, this position is responsible for supporting the independent and objective assessment of the loan portfolio's quality, the sufficiency of loan documentation, and the efficiency of loan administration processes. This role also aids in effectively communicating review outcomes, both verbally and in writing.

INTERPERSONAL SKILLS:

Must be collaborative and willing to work as part of a team.

Capable of presenting information effectively to management and various employee levels within the organization.

KEY RESPONSIBILITIES:

Possess a comprehensive understanding of commercial and consumer lending, banking regulations, and laws to assist in evaluating credit risk and ensuring compliance with loan policies and procedures.

Assist in identifying and evaluating credit, legal, and strategic risks associated with lending activities.

Evaluate the collectability of credit extensions by reviewing customer financial data, collateral information, documentation, and payment history. Assign appropriate risk grades to indicate the relative risk of default or loss, and recommend corrective actions for problem situations.

Assess the adequacy of loan and collateral documentation and the effectiveness of loan administration practices.

Review various types and complexities of commercial credits.

Lead exit meetings for unit reviews.

Work under the supervision of the Loan Review Department Manager.

ADDITIONAL REQUIREMENTS:

Given the highly regulated nature of the banking industry, it is expected that you will acquire and maintain proficiency in the Bank's policies and procedures, adhering to all applicable laws, rules, and regulations. Completion of all assigned compliance training in a timely manner is also required.

Proficiency in Microsoft Word, Excel, and Outlook is necessary.

Ability to utilize provided tools effectively in performing job responsibilities.

Develop a solid understanding of commercial lending, including collateral documentation, accepted practices, and financial analysis skills.

Ability to read, analyze, and interpret financial statements and legal documents.

Ability to prepare reports for management that adhere to prescribed styles and formats.

Ability to identify problems, gather data, establish facts, and draw valid conclusions.

Ability to interpret various technical and financial information and manage both subjective and concrete variables.



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