Director of Credit Risk Management

Job Description

Director of Credit Risk Management

This is not a Remote/Work From Home opportunity.

Position Responsibilities

Provide in-depth evaluations of individual loan quality, portfolio quality, loan documentation adequacy, compliance with loan policy, compliance with federal and state regulations and evaluate concentrations of credit for all loan portfolios.

• Advise on credit risk within enterprise-wide strategies.
• Advance and employ vigorous risk management policies, procedures, and frameworks in alliance with regulatory requirements and industry best practices.
• Work in partnership directly with senior management, involving the Chief Credit Officer, to enhance risk-return trade-offs and reinforce strategic decision-making.
• Present to Board level committees and senior executives.
• Contribute in annual risk appetite reviews, particularly concerning establishing, back testing and calibrating credit metrics, limits and KRIs.
• Manage the Residential Mortgage Quality Control process, quarterly reports and annual policy approval.
• Safeguard the timely and precise reporting of risk metrics, key risk indicators (KRIs), and risk appetite metrics to senior management and applicable committees.
• Provide the Board of Directors and Executive Management with unbiased and timely reporting on credit risk.
• Support long- and short-term planning, new product development and risk management meetings.
• Manage a team presently comprising of Portfolio Analytics Officer, Loan Review Manager and Residential Mortgage Quality Control Manager.
• Interact with industry peers via meetings, events and participation with trade organizations to better identify emerging risk trends and credit products.
• Measure the validity of the assumptions and the tolerability of specific loan loss reserve provisions for corresponding credits in accordance with Topic 310-40 (formerly FAS 114) and the suitability of the general adequacy of the banks Allowance for Loan and Lease Losses through FAS 5 calculations.
• Administer and supervise commercial industry concentration limits policies and procedures.
• Stay abreast of market developments, regulatory changes, and industry trends impacting financial risk management, providing insights and recommendations to senior leadership.
• Contribute to the early warning processes for problem loan identification by anticipating applicable trends that affect the collectability of loan payments from problem loans. Execute a continuing assessment of loan policy relevance.
• Promote and uphold effective relations with regulators, auditors, and external partners, guaranteeing compliance with regulatory requirements and audit standards.
• Deliver strategic guidance and guidance to the Chief Risk Officer as well as the Chief Credit Officer advancing a culture of excellence, collaboration, and continuous improvement.
• Throughout the active supervision of the Loan Review Department, independently validate loan grade assignments.Adversely categorize those credits identified with potential weakness and those credits identified with well-defined credit weaknesses that risk loan repayment.
• Accountable for credit risk analytics, monitoring, and reporting and related procedures.
• Evaluate the underwriting practices and activities of lending employees, counting the compliance with lending policies, the quality of loan approvals, monitoring of loan terms and conditions, and credit risk assessment and the prompt identification of problem loans.
• Answerable for compliance with laws and regulations that concern to this role.
• Assess borrower performance relative to the terms and conditions of the loan agreement. Supervise the process, policy, scope, and presentation of audit results.
• Supervise monthly commercial delinquency list for risk rating exactness.
• Supervise the institutions Reg O annual approval and reporting process.
• Dynamically contribute to regulatory examinations as requested.
• Lead the advancement and execution of stress testing, scenario analysis, and sensitivity testing frameworks to evaluate the resilience of the bank's portfolios under numerous economic circumstances.
• Execute comprehensive portfolio analysis & assessment of risk exposures along with, identifying emerging risks and prospects.
  
  

Qualifications

Director of Credit Risk Management

This is not a Remote/Work From Home opportunity.

Requirements And Qualifications

• 10 or more years related credit underwriting experience, at minimum five of which should be in a senior leadership capacity in a similar role, with competence in loan documentation and securing collateral interests of the bank.
• Bachelors degree required in finance, accounting or associated discipline, with formal credit training in a regional bank or regulatory environment with vast expertise of commercial credit.
• Sophisticated knowledge of underwriting, structuring, covenanting and risk rating commercial loan transactions.
• Robust, well-mature relational skills, along with exceptional organizational and analytical skills needed to maintain an independent perspective obtained via fact-based examination and models of performance.
• Established leadership proficiency, with the ability to supervise and develop teams, exercise sound judgment, and think strategically to solve complex problems.
• Robust comprehension of credit risk principles, regulatory requirements, and industry best practices.
  
  

Why Is This a Great Opportunity

Director of Credit Risk Management

This is not a Remote/Work From Home opportunity.

Our client is seeking an extraordinary leader to fill the role of Director of Credit Risk Management as part of an existing, orderly succession plan. Reporting directly to the Chief Risk Officer, the effective applicant will be accountable for supervising the second line of defense (2LOD) credit risk management function.

Salary Type : Annual Salary

Salary Min : $ 185000

Salary Max : $ 275000

Currency Type : USD