Credit Risk Review Officer Senior Credit Risk 2LOD - City National Bank
Phoenix, AZ
About the Job
CREDIT RISK REVIEW OFFICER SENIOR CREDIT RISK 2LOD
WHAT IS THE OPPORTUNITY?
The Credit Risk Review Officer Senior – Credit Administration will support the Credit Administration Credit Risk Management daily activities for credit risk monitoring, identification and mitigation strategies of diversified consumer and commercial loan portfolios. Will independently assess and opine upon the overall credit risk and effectiveness of credit risk management to ensure limited risk exposure by adherence to bank and regulatory standards. This position also serves as an internal advisor to 2LODs to identify, recommend and effect process changes regarding credit risk management activities, regulatory issues related to credit risk, credit policy, and general credit underwriting guidelines; identifies current or potential problems regarding the assessment of credit risk and the administration of Bank credit/loan exposure; analyzes and monitors the quality of various retail and commercial credits that represent the wide range of credit products offered by the Bank. Evaluates Credit Policies/Credit Process and assures that proper credit controls are in place to fully satisfy safety and soundness standards established by Bank regulators; monitors adherence to such polices and validates that exceptions are adequately identified, fully justified and properly approved. This position supports 2LOD Credit Risk Management team in monitoring the 1LOD credit activities, Special Assets and 2LOD Credit Administration activities.
What you will do
+ Lead and manage credit risk reviews of various types of credit portfolios and credit processes.
+ Performs risk based independent reviews of all types of CNB loan portfolios (including quality assurance document and underwriting reviews) to identify current or potential problems, as well as positive elements, regarding the assessment of credit risk and the administration of Bank credit/loan exposure.
+ Determines the accuracy of assigned internal credit risk ratings, proper exception codes, regulatory leverage designations are correctly identified to adequately manage portfolio risk
+ Reviews and assesses non-compliance with CNB policies and procedures, and determines loan weaknesses so that timely corrective actions can be taken, violations of laws and regulations and inadequate credit/collateral documentation.
+ Ensure credit-granting is properly managed with credit exposures consistent with prudential standards and limits; along with established and enforced controls to ensure Policy and Procedures and limit exceptions are reported timely to Management
+ Monitor, track and report on Risk Appetite metrics and concentration limits
+ Work with Credit Portfolio Management to establish portfolio credit risk management performance guardrails and evaluate performance, utilize sensitivity analysis, stress testing, market trend, and other analytical methodologies to anticipate any credit trends or deterioration and obtain insights into portfolio performance and market opportunities
+ Collaborate with the Manager, Division Risk, Credit Administration and the Credit Risk Program Manager, Credit Administration in creating and delivering presentations for senior management that include portfolio activities, analytics of risk, performance, emerging trends and opportunities
+ Coordinate the completion of risk mitigating actions and providing status updates of open/closed issues to senior management and second line of defense Issue Management Group
+ Coordinate activities with other departments in the bank responsible for risk management including 1LOD Office of the President and Credit Risk Review (3LOD)
+ Conduct QA/QC testing, validation and reporting on the performance of risk mitigating controls (e.g. if policies and procedures are being followed, if sign off limits are being exceeded, if EDD guidelines are being followed, etc.)
+ Identifies, recommends and effects process changes as related to credit risk management activities, regulatory statutes, credit policy and general credit underwriting guidelines.
+ 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 CNB’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.
+ 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.
Must-Have*
+ Bachelor's Degree or equivalent
+ Minimum 10 years of experience in credit risk portfolio management, credit administration, loan origination, and/or credit analysis as a commercial lender, regulator or credit review officer
+ Minimum of 5 years of MS Office experience; working knowledge of Sharepoint, Tableau and Salesforce is a plus
Skills and Knowledge
+ Completion of a formal credit training program at a commercial bank a plus.
+ Previous experience in leading teams of Credit Risk Officers and/or Analysts is highly desirable.
+ Strong understanding of analyzing various types of middle market credits required.
+ A thorough understanding of analyzing various types of commercial credit including corporate, syndicated, and leveraged loans is highly desired, along with understanding of high net worth and private client lending and retail loan products.
+ Knowledge of Probability of Default (PD) and Loss Given Default (LGD) systems are desired.
+ Must be able to lead a team of Credit Risk Officers in the successful completion of credit risk review activities and related projects.
+ Must be able to work successfully in a client focused, consultative work environment.
+ Excellent interpersonal skills, strong verbal and written communication skills, and strong project management skills.
+ Thorough knowledge and operational skills in the use of personal computers and various software packages, including Excel and Word.
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 (https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf) .
ABOUT CITY NATIONAL
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
_*City National Bank does business in Miami and the state of Florida as CN Bank._
For more information about City National, visit cnb.com .
EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION
City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. 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 the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE (https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/1/159726e0-aeb1-4058-9052-d7a2d69626b8.pdf)
If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email (TalentAcquisition@cnb.com) or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.
WHAT IS THE OPPORTUNITY?
The Credit Risk Review Officer Senior – Credit Administration will support the Credit Administration Credit Risk Management daily activities for credit risk monitoring, identification and mitigation strategies of diversified consumer and commercial loan portfolios. Will independently assess and opine upon the overall credit risk and effectiveness of credit risk management to ensure limited risk exposure by adherence to bank and regulatory standards. This position also serves as an internal advisor to 2LODs to identify, recommend and effect process changes regarding credit risk management activities, regulatory issues related to credit risk, credit policy, and general credit underwriting guidelines; identifies current or potential problems regarding the assessment of credit risk and the administration of Bank credit/loan exposure; analyzes and monitors the quality of various retail and commercial credits that represent the wide range of credit products offered by the Bank. Evaluates Credit Policies/Credit Process and assures that proper credit controls are in place to fully satisfy safety and soundness standards established by Bank regulators; monitors adherence to such polices and validates that exceptions are adequately identified, fully justified and properly approved. This position supports 2LOD Credit Risk Management team in monitoring the 1LOD credit activities, Special Assets and 2LOD Credit Administration activities.
What you will do
+ Lead and manage credit risk reviews of various types of credit portfolios and credit processes.
+ Performs risk based independent reviews of all types of CNB loan portfolios (including quality assurance document and underwriting reviews) to identify current or potential problems, as well as positive elements, regarding the assessment of credit risk and the administration of Bank credit/loan exposure.
+ Determines the accuracy of assigned internal credit risk ratings, proper exception codes, regulatory leverage designations are correctly identified to adequately manage portfolio risk
+ Reviews and assesses non-compliance with CNB policies and procedures, and determines loan weaknesses so that timely corrective actions can be taken, violations of laws and regulations and inadequate credit/collateral documentation.
+ Ensure credit-granting is properly managed with credit exposures consistent with prudential standards and limits; along with established and enforced controls to ensure Policy and Procedures and limit exceptions are reported timely to Management
+ Monitor, track and report on Risk Appetite metrics and concentration limits
+ Work with Credit Portfolio Management to establish portfolio credit risk management performance guardrails and evaluate performance, utilize sensitivity analysis, stress testing, market trend, and other analytical methodologies to anticipate any credit trends or deterioration and obtain insights into portfolio performance and market opportunities
+ Collaborate with the Manager, Division Risk, Credit Administration and the Credit Risk Program Manager, Credit Administration in creating and delivering presentations for senior management that include portfolio activities, analytics of risk, performance, emerging trends and opportunities
+ Coordinate the completion of risk mitigating actions and providing status updates of open/closed issues to senior management and second line of defense Issue Management Group
+ Coordinate activities with other departments in the bank responsible for risk management including 1LOD Office of the President and Credit Risk Review (3LOD)
+ Conduct QA/QC testing, validation and reporting on the performance of risk mitigating controls (e.g. if policies and procedures are being followed, if sign off limits are being exceeded, if EDD guidelines are being followed, etc.)
+ Identifies, recommends and effects process changes as related to credit risk management activities, regulatory statutes, credit policy and general credit underwriting guidelines.
+ 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 CNB’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.
+ 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.
Must-Have*
+ Bachelor's Degree or equivalent
+ Minimum 10 years of experience in credit risk portfolio management, credit administration, loan origination, and/or credit analysis as a commercial lender, regulator or credit review officer
+ Minimum of 5 years of MS Office experience; working knowledge of Sharepoint, Tableau and Salesforce is a plus
Skills and Knowledge
+ Completion of a formal credit training program at a commercial bank a plus.
+ Previous experience in leading teams of Credit Risk Officers and/or Analysts is highly desirable.
+ Strong understanding of analyzing various types of middle market credits required.
+ A thorough understanding of analyzing various types of commercial credit including corporate, syndicated, and leveraged loans is highly desired, along with understanding of high net worth and private client lending and retail loan products.
+ Knowledge of Probability of Default (PD) and Loss Given Default (LGD) systems are desired.
+ Must be able to lead a team of Credit Risk Officers in the successful completion of credit risk review activities and related projects.
+ Must be able to work successfully in a client focused, consultative work environment.
+ Excellent interpersonal skills, strong verbal and written communication skills, and strong project management skills.
+ Thorough knowledge and operational skills in the use of personal computers and various software packages, including Excel and Word.
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 (https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf) .
ABOUT CITY NATIONAL
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
_*City National Bank does business in Miami and the state of Florida as CN Bank._
For more information about City National, visit cnb.com .
EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION
City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. 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 the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE (https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/1/159726e0-aeb1-4058-9052-d7a2d69626b8.pdf)
If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email (TalentAcquisition@cnb.com) or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.
Source : City National Bank
