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Senior Credit Risk Review Officer - Commercial (Open to Remote, USA)

Company: Seacoast National Bank
Location: Fort Lauderdale
Posted on: September 22, 2022

Job Description:

Summary: Under the direction of the Director and/or Sr. Credit Risk Review Manager, the Credit Review Officer participates in the assessments of the Bank's commercial lending units to assess overall asset quality, risk and compliance with established underwriting policies, procedures, limits and concentrations. Assess the quality, quantity, direction and overall credit risk in the organization through planned vertical and horizontal reviews, oversight of portfolio monitoring functions such as watched assets reviews, portfolio reviews, new origination reviews, credit risk trends and other portfolio monitoring reporting. Provide objective assessments of credit risk management effectiveness, underwriting and credit analysis, portfolio monitoring, and problem loan management. Incumbent may lead smaller reviews as assigned, inclusive of preparation of summary, findings and recommendations. Incumbent may contribute to synthesize multiple pieces of information with review findings to perform overall analysis of the area reviewed.

Essential Responsibilities: The following constitutes the fundamental responsibilities for this position. Other duties may be assigned as deemed necessary.

* Participate in Credit Review examinations
* Assist in the necessary sampling, define scope and type of review
* Prepare planning/intro memo
* Review required documentation for loan review testing, inclusive of credit file reviews and complete necessary line sheets
* Prepare written summary report of findings/observations as well as Quantity and Direction of Risk
* Communicate findings to Line of Business, Senior Leadership and Risk management
* Assess asset quality, status and appropriateness of existing risk controls/compliance with established underwriting policies/risk tolerance
* Ensure underwriting credit analysis is sound and justifies/mitigates the identified credit risk
* Ensure credit culture is consistent throughout organization and represents approved Credit Risk Appetite Objectives
* Assess/Ensure risk rating integrity and timeliness of rating changes
* Ensure appropriate specific reserves are in place and charge-off are taken timely
* Ensure appropriate workout and pre-workout strategies are identified, tracked and validated
* Follow up and track recommended remediation from prior reviews
* Review various management credit risk reporting to identify emerging risks, recommend deeper dives as required
* Perform continuous monitoring of the Bank's portfolios through participation in quarterly reviews, horizontal exams and/or attend Risk Management and watch assets meetings
* Monitor historical performance through review of various credit metrics and credit risk reporting, inclusive of new originations, rating migrations, exception reporting, monitoring of portfolio performances, etc.
* Determines the accuracy of assigned internal credit risk ratings, non-compliance with Bank policies and procedures, loan weaknesses so that timely corrective actions can be taken, violations of laws and regulations and inadequate credit/collateral documentation.
* Leads credit review examinations, prepares final reports, and conducts meetings with Bank departments.
* Identifies, recommends and effects process changes related to credit risk management activities.
* Interprets and evaluates Bank Credit Policy and assures that proper credit controls are in place to appropriately manage credit risk. Monitors adherence to such policies and validates that exceptions are adequately identified, fully justified and properly approved.
* Acts as internal advisor/partner to Bank's line units regarding loan and credit matters and provides guidance in areas that require further development.
* Maintains awareness of the current regulatory/industry trends impacting the Bank's credit areas.
* Promotes teamwork within the department to ensure that knowledge and experience is shared among team members.
* Collaborates with Internal Audit in the analysis and conduct of credit risk assessments and reviews to ensure a holistic view of the effectiveness of the design and the implementation of the Bank's retail and business banking credit risk framework.
* Prepares departmental reports and other portfolio reporting as requested by management.
* 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.).
* Completes all required training and special projects as requested.

Pro Behaviors

* Proficient writing skills to effectively communicate in a clear, concise, and persuasive manner
* Ability to evaluate all facts independently and objectively before making decisions
* Listens well and is willing to consider the opinion, perspectives of others
* Ability to make sound decisions and to recognize potential problems and propose recommendations for corrective action
* Must be well-organized, accurate, and attentive to detail
* Self-starter and able to work independently
* Ability to interact with Credit Review management, Senior Leaders, Commercial bankers, Underwriters, Credit analysts, Credit Administrators and other management when appropriate and under the direction of the Credit Review Manager and/or Director & Head of Credit Risk Review
* Cooperative and wiling to assist others
* Willing to take advantage of training opportunities as available to enhance knowledge and job skills
* Professional in appearance
* This job description in no way states or implies that these are the only duties to be performed by the employee in this position. The employee will be required to follow any other job-related instructions and to perform any other job-related duties requested by the Credit Risk Review Manager or Director & Head of Credit Risk Review.

Qualifications

* College degree, (BA/BS) Accounting/Finance/Economics/Business or equivalent
* Formal Credit Training Desired
* 5-7+ years banking experience, preferably concentrated in commercial credit risk functions, commercial loan review, regulatory environment or commercial lending and underwriting
* Excellent written and verbal communication skills, excellent understanding/competency in regulatory matters and compliance
* Prior experience in commercial regulatory examiner role is highly desirable.
* Strong working knowledge of Commercial Loan policies/procedures
* Strong working knowledge of select commercial business segments
* Strong working knowledge/ industry expertise of regulatory matters
* Ability to effectively interact and communicate with peers and with senior management across the Bank
* Ability to strategically generate well supported conclusions based on trend analysis
* Credit risk due diligence performed, understanding of the Bank's risk appetite and assessment of management's capabilities
* Thorough knowledge and operational skills in the use of personal computers and various software packages, including MS Office applications - Access, Excel, Word and PowerPoint.
* Knowledge and use of alternative data analytical software applications such as Tableau or SAS is desirable.

Keywords: Seacoast National Bank, Fort Lauderdale , Senior Credit Risk Review Officer - Commercial (Open to Remote, USA), Accounting, Auditing , Fort Lauderdale, Florida

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