Description
Manages the overall Credit Review function including staff, administration, reviews, and special projects, making certain that practices conform with generally accepted audit standards, bank policies, regulatory requirements (i.e. SOX), and risk of operations. Works with the Chief Audit Executive, Operations, IT, and Financial Audit Managers to develop workflows and ensure adherence to and coverage of the Audit Plan and Audit Committee directives. Ensures the detailed analysis and examination of underwriting, financials, and loan documentation completed which result in determining borrowers' ability to repay loans and the accuracy of the assigned risk ratings. Coordinates with Audit Managers and Executive to provide appropriate coverage of plans and directives of the Audit Committee, while integrating the functions of all credit review and audit groups and increasing efficiency. Performs risk assessments and recognizes Credit as well as non-Credit risks for key business processes. Ensures that credit review processes are sufficient to generate credit reviews and reporting that fulfill objectives of plans. Manages the scoring of review functions to be performed, the development of the credit review schedule and annual plan.
Essential Job Responsibilities
1. Manages the overall Credit Review function including staff, administration, reviews, and special projects making certain that practices conform with generally accepted audit standards, bank policies, regulatory requirements (i.e. SOX), and risk of operations. Ensures portfolio coverages meets or exceeds audit plan requirements.
2. Works with the Chief Audit Executive, Operations, IT, and Financial Audit Managers to develop workflows and ensure adherence to and coverage of the Audit Plan and Audit Committee directives.
3. Provides leadership and guidance to staff throughout all credit review engagements and special projects, in all areas of the bank, in order to meet the objectives and goals of the department. Applies extensive expertise of credit review techniques, standards, and the processes related to financial reporting.
4. Ensures the detailed analysis and examination of underwriting, financials, and loan documentation completed which result in determining borrowers' ability to repay loans and the accuracy of the assigned risk ratings.
5. Coordinates with Audit Managers and Executive (i.e. Financial, Operations, and IT,) to provide appropriate coverage of plans and directives of the Audit Committee, while integrating the functions of all credit review and audit groups and increasing efficiency.
6. Performs risk assessments and recognizes Credit as well as non-Credit risks for key business processes.
7. Oversees the management of planning, scheduling, performing, monitoring, reviewing, and proper reporting of tests and issues.
8. Ensures that credit review processes are sufficient to generate credit reviews and reporting that fulfill objectives of plans.
9. Manages the scoring of review functions to be performed, the development of the credit review schedule and annual plan.
10. Participates in committees as an Internal Audit Representative under the direction of the Chief Audit Executive. Maintains required documentation.
11. Makes certain that all reviews are performed efficiently and timely in accordance with, and that personnel follow, internal audit standards, regulations and guidelines.
12. Stays abreast of updates/changes to industry standards and best practices as well as regulatory requirements. Ensures that this information is communicated to staff and that updated and adequate literature, manuals, and reference material is updated on an annual basis at a minimum.
13. Applies risk-based portfolio analysis technics to develop both targeted and random reviews.
14. Prepares Executive level reporting that concisely conveys findings and recommendations from work performed.
Bona Fide Occupational Qualifications
1. Bachelor's degree in Finance, Accounting, or related field.
2. A minimum of ten (10) years of experience with banking and/or credit review and management experience required. Must have extensive understanding of and experience with laws, key regulatory requirements (i.e. SOX), frameworks (i.e. COBIT, COSO), and risk management and assessment processes.
3. Expertise in credit analysis and problem credit resolution, bankruptcy, structuring and administration of consumer and commercial loans required. Working knowledge of organizational policies and procedures pertaining to credit review and special assets are also required.
4. Extensive knowledge of all financial institution policies and procedures, and proficiency in Microsoft Word, Excel, and Access.
5. Excellent analytical, organizational, problem-solving, communication and leadership skills. Proficient reading, writing, and grammatical skills.
6. Professional certification, such as Loan Review Certificate, CPA, CFSA, CBA, or CIA.
7. Must possess a valid driver's license and have the ability to travel regionally if necessary.
8. May be eligible for Telecommuting.
9. Ability to perform data analysis on large moderately complex databases.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
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