Senior Credit Risk Review Manager

1 day ago

Jersey City, New Jersey, United States City National Bank Full time
Job Summary

This is a challenging opportunity to lead a team of Credit Risk Review Officers in examining the Bank's commercial and consumer loan portfolios for adherence to bank policies and regulatory standards.

Key Responsibilities
  • Guide and assist Credit Risk Review Officers in identifying, recommending, and effecting process changes regarding credit risk management activities, regulatory statutes, credit policy, and general credit underwriting guidelines to avoid potential issues or inaccurate risk ratings.
  • Ensure qualified, well-trained, competent, and sufficient resources are sought and retained to maintain an effective Credit Risk Review program and to meet scheduled/contingent work assignments.
  • Develop and motivate team members, monitor team performance, give ongoing performance feedback, and conduct effective performance appraisals.
  • Train, coach, counsel, and provide general direction and guidance to staff and identify staff development needs and provide educational/training opportunities.
  • Assist in the successful completion of Credit Risk Reviews Board-approved Plan by overseeing and managing workflow and priorities in conjunction with or in the absence of the Manager.
  • Recommends adjustments to the Credit Risk Review (CRR) Annual Plan to address changes in lending activities, credit risk profile, emerging risks, external environment changes, or to conduct special reviews of significant events based on risk and financial importance.
  • Develop and compile reports for Board Committee(s), Executive Management, Internal & External Audit, Regulatory authorities, and other stakeholders apprising them of Credit Risk Review's independent assessment of the Bank's credit risk management framework, sufficiency, and soundness of the Bank's credit risk management practices, issues that impact the adequacy of the control environment, including accuracy of risk ratings, quality of the loan/lease portfolio, and significant top and emerging risks.
  • Participate in the regular update of Credit Risk Review's Policy and Procedures, job aids, tools, and processes to enhance the Department's effectiveness and to ensure they are sufficient and align with regulatory expectations.
  • Provide effective challenge and quality control oversight on Credit Risk Review Officer Reports of Examination, Risk Assessments, line sheets (including proper grading, accrual status, monitoring, and collection activities and acceptable credit standards are maintained and that loans conform to Bank policy) and other deliverables to ensure they are accurate, complete, and support conclusions.
  • Help monitor and manage Credit Risk Review (CRR) activities to ensure sufficiency of portfolio coverage through CRR's Examination and Continuous Monitoring programs.
  • May lead large, complex credit review examinations, prepares final reports, and conducts meetings with 1st and 2nd line credit risk management personnel.
  • Collaborate with colleagues across the 3 lines of defense to assess the effectiveness of key risk management strategies and address issues and regulatory findings.
  • Build and maintain Credit Risk Review's communications with the Bank's lending Lines of Business (1st LOD), Credit Administration and Risk Management (2nd LOD), and Internal Audit (3rd LOD) regarding credit matters and offers guidance for areas that require further development.
  • Offers effective challenge to 1st and 2nd line management in their development of management action plans to address identified issues and helps ensure timely, effective implementation of corrective actions.
  • Attends various committee and divisional portfolio meetings to keep apprised of existing and emerging risks.
  • Provides consulting, advisory services, or carries out special tasks at the request of key stakeholders, which are consistent with our function to evaluate and improve the effectiveness of risk management controls, oversight, and governance processes.
  • Stays apprised of regulatory guidance and industry changes to help ensure Credit Risk Review processes appropriately address new and emerging risks and changes impactful to the Bank's credit risk management and Credit Risk Review's practices.
  • Complies fully with all Bank Operational and Credit policies and procedures as well as all regulatory requirements (e.g., Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc.).
  • Seeks out and attends sufficient training opportunities to enhance and maintain credit risk assessment skills, and management and supervisory skills.
  • Responsible and accountable for appropriate quality controls related to the financial products the bank provides, the services the bank delivers, the processes employed, and the incentives with which colleagues are awarded.
  • All City National products, financial solutions, and services are to be provided ethically and with integrity in a manner that is consistent with the client-first culture and values embodied in City National's PRIDE statement.
Requirements
  • Bachelor's Degree or equivalent
  • Minimum 10 years of credit examination, bank examiner, or manager in credit (loan) risk review, credit administration, or credit risk management in mid-size or larger ($50 billion or more) financial institution, regulatory agency, or public accounting firm
  • Minimum 5 years management experience
  • Minimum 5 years of experience influencing senior-level executives or regulators
  • Skills and Knowledge: Prefer Masters of Business Administration (MBA), Certified Financial Analyst (CFA), RMA Credit Risk Certification (CRC), or Certified Public Accountant (CPA)
  • A thorough understanding of analyzing various types of credits
  • Proven management and supervisory skills and the ability to lead, motivate, and promote a client-focused, consultative work environment
  • Excellent interpersonal skills, verbal/written communication skills, and strong project management skills
  • Experience consulting with senior management on various credit-related issues
  • Thorough knowledge and operational skills in the use of personal computers and various software packages, including Excel and Word
Compensation

Starting base salary: $127,626 - $237,014 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

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