Post Approval Credit Review Officer II (Remote)
Job title: Post Approval Credit Review Officer II (Remote) in Raleigh, NC - Morristown, NJ at Silicon Valley Bank
Company: Silicon Valley Bank
Job description: Job Description:OverviewThis 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 asset quality and credit risk management practices across businesses and functions that originate or manage credit exposure. The team is comprised of risk management professionals with deep credit analysis, product knowledge, and transaction skills and experiences with commercial and private clients across the innovation ecosystem at various stages of their lifecycle.The Post Approval Credit Review Officer position is a key contributor role that provides the incumbent with diverse exposure to a variety of portfolios and products with regular engagement and collaboration with 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 practices, safety and soundness. This is a remote role that may be hired in several markets across the United States.
ResponsibilitiesThe Post Approval Credit Review Officer is 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 including risk appetite, policies and procedures, and risk reports; the depth, accuracy and timeliness of client financial and transaction structure analyses, risk rating and regulatory classification assignment, and potential impairment for a sample of individual exposures; adherence to policies, procedures and underwriting guidelines; and the quality of ongoing surveillance and problem loan management activities. Examiners report findings and recommendations to CR and Business Unit stakeholders and, for defects requiring formal action, monitor the adequacy and sustainability of management’s remediation progress. From time-to-time, Examiners also lead or contribute to thematic topical examinations, special projects, or other department enhancement initiatives in furtherance of CR’s mission.Major Responsibilities:
- Participate in periodic credit examinations that evaluate Business Units’ asset quality and the design and operating effectiveness of credit risk management practices and controls.
- Conduct sample testing of individual credits for adherence to 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.
- Perform continuous monitoring of assigned portfolio(s), including analyzing portfolio data, underwriting and financial trends, and monitoring relevant market, industry and regulatory developments to identify emerging risks or 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).
- Collaborate with 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.
- BA or BS degree; MBA, FRM, CFA, Credit Risk Certification (CRC), or other advanced degree or certification is a plus.
- 10+ years of prior lending, credit risk management, credit review, regulatory supervision, or similar experience with commercial loan portfolios, including one of more of the following portfolio types: financial institutions (funds), technology, healthcare, leveraged lending, sponsor finance, high net worth individuals, or commercial real estate.
- Strong credit / financial statement analysis skills, proven understanding of business and financial markets and the effects of economic conditions on a Bank's credit 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