Credit Officer Senior CB at City National Bank
New York, NY 10022
About the Job
CREDIT OFFICER SENIOR CB WHAT IS THE OPPORTUNITY? Participates in the loan management process by providing credit and loan underwriting expertise to a Commercial Banking team
Analyzes prospective loan transactions and credit worthiness of borrowers
Validates the credit analysis prepared by the Credit Analysts and provides opinions and recommendations regarding proposed credit and potential risks
Ensures all due diligence and background evaluation is complete and thorough before Credit Risk Recommendation ("CRR") is submitted
What you will do Reviews loan request application and financial information and third party reporting (e.g., RE appraisal, Environmental reports, ABL Examinations, Inventory Appraisal, etc); evaluates and determines credit structure and terms; fully underwrites CRR consistent with Bank format, policies and procedures; determines sources and uses of funds; analyzes industry data, competitive factors, historical performance, projected results, risks, and mitigating factors
Ensures CRR contains a well supported recommendation or decision; the risk rating is correct and supported; and the data and analytics used to support the decision are accurate and calculated correctly
Attends client meetings at Relationship Manager, CBS Manager, or Credit Manager's request to facilitate delivery of credit product and/or assist in problem resolution
Contacts borrowers directly, for additional information and details related to loan request or clarification of financial materials and resources
Provides balanced and appropriate credit guidance to Relationship Manager and Manager and collaborates in determining appropriate credit strategy
Provides credit alternatives and creative ways to structure credits ensuring that transactions are within profitability and portfolio risk standards
Authors credit approval memorandum
Provides input to the Relationship Manager and Manager when loan pricing does not appear to reflect inherent risk in subject transaction
Pricing may be either too high or to low
Restructures loans and/or lines of credit as required
Assumes accountability for minimizing Bank losses
Performs quarterly Problem Loan reporting for Criticized / Classified credits including: financial reviews of client's financial condition including monitoring covenants and conditions
Takes a proactive approach toward development and implementation of Action Plans
Escalates potential credit issues to Relationship Manager, CBS Manager and/or Credit Manager
Has primary role in early problem loan identification and the timely and accurate changes in loan grades
Monitors and takes initiative to respond to past dues based in partnership with Relationship Manager
Maintains up-to-date knowledge on all Bank lending policies and regulations
Confers with the Credit Manager and appropriate Bank personnel regarding new/existing lending requirements and regulations
May coordinate loan documentation including work with legal, CLC, or other outside counsel to obtain the correct, accurate documents to ensure all loan are documented to fully protect the Bank’s interests in the credit relationship
Reviews collateral periodically to minimize credit exposure
Must-Have* Bachelor's Degree or equivalent Minimum 7 years experience in underwriting medium to large sized and moderately-complex commercial credit required
Minimum 7 years of experience in a banking or financial services environment required or a minimum of 10 years experience in underwriting large and complex commercial loans Skills and Knowledge Requires extensive technical expertise and full knowledge of commercial credit principles, financial concepts and regular use of ingenuity and creativity in solving complex credit problems
Communicates skillfully and effectively in both verbal/written forms
Good organizational skills
Ability to assume responsibility and accountability for decision making
Ability to work well independently to restructure loans and/or lines of credit as required
Compensation Starting base salary: $111,408 - $189,738 per year
Exact compensation may vary based on skills, experience, and location
This job is eligible for bonus and/or commissions
*To be considered for this position you must meet at least these basic qualifications The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification
It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job
Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues
Get an inside look at our Benefits and Perks
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank is an equal opportunity employer committed to diversity and inclusion
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.' ABOUT CITY NATIONAL We start with a basic premise: Business is personal
Since day one we've always gone further than the competition to help our clients, colleagues and community flourish
City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today
City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.
Analyzes prospective loan transactions and credit worthiness of borrowers
Validates the credit analysis prepared by the Credit Analysts and provides opinions and recommendations regarding proposed credit and potential risks
Ensures all due diligence and background evaluation is complete and thorough before Credit Risk Recommendation ("CRR") is submitted
What you will do Reviews loan request application and financial information and third party reporting (e.g., RE appraisal, Environmental reports, ABL Examinations, Inventory Appraisal, etc); evaluates and determines credit structure and terms; fully underwrites CRR consistent with Bank format, policies and procedures; determines sources and uses of funds; analyzes industry data, competitive factors, historical performance, projected results, risks, and mitigating factors
Ensures CRR contains a well supported recommendation or decision; the risk rating is correct and supported; and the data and analytics used to support the decision are accurate and calculated correctly
Attends client meetings at Relationship Manager, CBS Manager, or Credit Manager's request to facilitate delivery of credit product and/or assist in problem resolution
Contacts borrowers directly, for additional information and details related to loan request or clarification of financial materials and resources
Provides balanced and appropriate credit guidance to Relationship Manager and Manager and collaborates in determining appropriate credit strategy
Provides credit alternatives and creative ways to structure credits ensuring that transactions are within profitability and portfolio risk standards
Authors credit approval memorandum
Provides input to the Relationship Manager and Manager when loan pricing does not appear to reflect inherent risk in subject transaction
Pricing may be either too high or to low
Restructures loans and/or lines of credit as required
Assumes accountability for minimizing Bank losses
Performs quarterly Problem Loan reporting for Criticized / Classified credits including: financial reviews of client's financial condition including monitoring covenants and conditions
Takes a proactive approach toward development and implementation of Action Plans
Escalates potential credit issues to Relationship Manager, CBS Manager and/or Credit Manager
Has primary role in early problem loan identification and the timely and accurate changes in loan grades
Monitors and takes initiative to respond to past dues based in partnership with Relationship Manager
Maintains up-to-date knowledge on all Bank lending policies and regulations
Confers with the Credit Manager and appropriate Bank personnel regarding new/existing lending requirements and regulations
May coordinate loan documentation including work with legal, CLC, or other outside counsel to obtain the correct, accurate documents to ensure all loan are documented to fully protect the Bank’s interests in the credit relationship
Reviews collateral periodically to minimize credit exposure
Must-Have* Bachelor's Degree or equivalent Minimum 7 years experience in underwriting medium to large sized and moderately-complex commercial credit required
Minimum 7 years of experience in a banking or financial services environment required or a minimum of 10 years experience in underwriting large and complex commercial loans Skills and Knowledge Requires extensive technical expertise and full knowledge of commercial credit principles, financial concepts and regular use of ingenuity and creativity in solving complex credit problems
Communicates skillfully and effectively in both verbal/written forms
Good organizational skills
Ability to assume responsibility and accountability for decision making
Ability to work well independently to restructure loans and/or lines of credit as required
Compensation Starting base salary: $111,408 - $189,738 per year
Exact compensation may vary based on skills, experience, and location
This job is eligible for bonus and/or commissions
*To be considered for this position you must meet at least these basic qualifications The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification
It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job
Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues
Get an inside look at our Benefits and Perks
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank is an equal opportunity employer committed to diversity and inclusion
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.' ABOUT CITY NATIONAL We start with a basic premise: Business is personal
Since day one we've always gone further than the competition to help our clients, colleagues and community flourish
City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today
City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.
