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VP of Credit Review

ExecuNet New York Full-Time
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About the Team

Credit Review provides the Board and bank management with an independent view of the quantity, quality and direction of credit risk in the America's portfolio. 

Summary

Ensure that acceptable credit standards are maintained and that facilities extended conform to established lending policies and regulatory guidelines thereby minimizing losses.

Responsibilities

Reviews

  • In the course of performing individual credit reviews, use professional expertise to opine on the adequacy of facility underwriting and documentation, including, but not limited to, collateral, repayment sources, risk appetite, leverage, enterprise valuations, discounted cash flow analysis.
  • Assess the sufficiency of credit risk monitoring programs, relevant performance covenants and monitoring guidelines and trigger events.  Ensure all credit extensions are made in compliance with Company’s lending policies and procedures and regulatory guidelines.
  • Evaluate borrower financial performance through the assessment of financial statements and credit risk metrics, including income statement, cash flow statement, balance sheet and capital structure analysis.  Evaluate the financial performance against all base and stress-scenario financial projections as required. 
  • Determine the accuracy of JFSA Customer Categorization, U.S. Regulatory Classifications and internal risks ratings, including the adequacy of loss given default (LGD) provisions.  Recommend, document and fully support all changes to the same in the accordance with Credit Review’s position as final arbiter.
  • Use knowledge of industry best practices, regulatory requirements and professional experience to identify deficiencies and/or areas of improvement in Company’s credit risk management processes, procedures and policies.
  • Verify the adequacy of the Allocation for Loan and Lease Losses (ALLL) procedures as required.
  • Perform regular Risk Assessments for assigned portfolio segments to accurately document Credit Review’s current opinion of the quantity, quality and direction of credit risk in the Company America’s portfolio.  Maintain regular contact with front office, credit, audit and compliance colleagues, and utilize third-party resources and professional networks, to provide as accurately and timely an assessment as possible.
  • Perform Continuous Monitoring reviews on assigned portfolio segments to enhance the early detection of credit risk in the Company America’s credit portfolio and enhance Credit Review’s Risk Assessment process.
  • Draft potential review issues for discussion with relevant Reviewer-in-Charge, Credit Review management and with review targets as directed.
  • Use portfolio knowledge and expertise to assist in the planning, preparation and training of review team members prior to the start of review fieldwork as directed.

Policies & Procedures

  • Maintain expertise of the U.S. regulatory environments as required including topical issues and new or pending laws/regulations that may affect banking and credit review.
  • Ensure consistency in the application of the risk rating process and risk evaluation through the various business units of the bank & its subsidiaries and the compliance of the same with all regulatory guidance.
  • Maintain in-depth knowledge of all policies and procedures related to lending, credit rating and problem loan monitoring.  Proactively recommend changes to Company’s and Credit Review’s policies and procedures as needed.
  • Maintain in-depth knowledge of assigned portfolio segments as assigned.
  • Maintain a thorough understanding of the bank’s compliance rules and regulations in accordance with the directives of Americas Legal & Compliance Department (ALCD) and in compliance with Company’s Code of Conduct.

Other

  • Assume additional responsibilities/undertake special projects as directed by management.

Qualifications

  • Successful completion of a formal financial services credit training program.
  • Approximately 6+ years experience in a credit and/or credit review function at a major financial institution and/or U.S. bank regulatory agency (FRB, OCC, etc.) or
  • Bachelor's degree in Finance, Economics, Accounting or Business Administration or equivalent work experience necessary.
  • Ability to work independently with minimal supervision.
  • Able to arrive at creative solutions; a self-starter
  • Familiarity with a variety of credit products (i.e. corporate credit, acquisition financing, project finance, etc.) and willingness to learn new credit products.
  • Excellent interpersonal and negotiation skills.
  • Excellent verbal and written communications skills.
  • Advanced knowledge of the Microsoft Office suite of products.
  • Some travel required.
 

Skills required

Finance
Accounting
Revenues
Forecasting
Auditing
Investments
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Job ID: 579471

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