Manager Credit Review (Remote)

Overview

This is a remote role that may be hired in several markets across the United States. The Credit Review team (CR) is a key department within the second line of defense. Our mission is to provide executive management and the Board of Directors with an independent view of credit asset quality and credit risk management practices across businesses and functions that originate or manage credit exposure. The team is comprised of credit risk management professionals with deep credit analysis, product knowledge, and transactional skills with commercial and consumer clients across a large spectrum of products. The Manager - Credit Review Department position is a key contributor role that provides the incumbent with diverse exposure to a variety of portfolios with regular engagement and collaboration with key stakeholders of various seniority levels from across the bank. As such, the position has an outsized influence on helping the organization maintain its strong credit risk management, safety and soundness practices. This position can be in an office or as a remote role and may be hired into several markets across the United States.

Responsibilities

The Manager and their team are responsible for continuously monitoring and periodically examining Business Units’ asset quality and credit risk management practices. This includes evaluating the adequacy of a unit’s credit risk governance framework, risk appetite, policies and procedures, and risk reporting. The depth, accuracy and timeliness of client financial information, transaction structure analyses, risk ratings, regulatory classification, and potential impairment are key aspects of the risk evaluation process overseen by the Credit Review Manager. The Manager and their team report findings and recommendations to CR management and Business Unit stakeholders. For defects requiring formal action, the Manager monitors the adequacy and sustainability of management’s remediation progress. The Manager also leads or contributes to thematic topical examinations, special projects, or other department enhancement initiatives in furtherance of CR’s mission. Major Responsibilities

• Oversight of periodic credit examinations that evaluate Business Units’ credit asset quality and the design and operating effectiveness of credit risk management practices and controls.
• Manage sample testing of individual credits for adherence to the organizations credit risk appetite and approval requirements, the quality of repayment sources and transaction structure, the accuracy of risk ratings and regulatory classifications, and the adequacy of Business Unit credit analysis and other documentation.
• Oversee continuous monitoring of assigned portfolio(s), including analyzing portfolio data, underwriting and financial trends, along with monitoring relevant market, industry and regulatory developments to identify new or emerging trends.
• Develop collaborative working relationships with Business Unit stakeholders to monitor portfolio, policy, process, organizational, and other developments, including the unit’s progress in remediating credit risk management defects.
• Keep CR management informed of material credit risk developments in assigned portfolio(s).
• Lead CR team members to promote knowledge sharing, exchanges of best practices, and foster a positive and enriching work environment consistent with the Bank’s values.

Participate in special projects as needed in support of achieving CR’s objectives.

Qualifications

Bachelor's Degree and 8 years of experience in Commercial credit administration OR High School Diploma or GED and 12 years of experience in Commercial credit administration

Preferred Qualifications

• MBA, MA or MS degree, FRM, CFA, Credit Risk Certification (CRC), or other advanced degree or certification is a plus.
• 8-12 years of prior credit lending, credit risk management, credit review, regulatory supervision, or similar experience with commercial and business loan portfolios, including one of more of the following portfolio types: business banking, specialty commercial, community development or commercial real estate lending.
• Strong credit / financial statement analysis skills, proven understanding of business and financial markets and the effects of economic conditions on a bank's portfolios.
• Familiarity with US regulatory expectations related to maintaining safe and sound credit risk management practices.
• Broad knowledge of corporate finance concepts and theories, industry credit practices, current financial and regulatory environments, and risk management techniques.
• Ability to analyze portfolio trends at a macro level, identify leading/lagging indicators or other signs of changing risk levels and/or symptoms of process control breakdowns.
• Some people or project management experience demonstrating a track record leading or collaborating in small teams.
• Effective communication skills, both oral and written, and a high degree of professional maturity appropriate for interactions with Business Unit management as an ambassador of the CR department.
• Strong attention to detail, a dedication to quality, and enthusiasm for learning. Eagerness to remain current on Bank, market, and industry developments to keep skills current and sharp.
• Willingness to travel 0-10% if needed

This job posting is expected to remain active for 45 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants. The base pay for this position is generally between $120,000.00 and $180,000.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment. Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits. Apply tot his job Apply To this Job