FB
Senior Credit Risk Review Manager I-Virtual
Contract type
Ongoing
Work mode
Remote
Experience
Lead / principal · 12+ years
Job description
Leads and manages the Credit Risk Review (CRR) Continuous Review program for assigned CRR teams and/or lines of business, independently evaluating credit risk management processes across the Bancorp. The role involves assessing credit quality, risk ratings, and emerging risks, and presenting results to executive management, regulators, and auditors.
At a glance
- Employment
- Full-time · Employee (employment agreement)
- Work mode
- Remote
- Pay
- USD 121,900 – 262,100 / year
What you'll do
- Manage the development, execution and leadership of the Credit Risk Review (CRR) Continuous Review program for assigned CRR team and/or line of business units
- Critically and independently evaluate the accuracy and effectiveness of credit risk management processes across the Bancorp through assessment of risk identification/rating, underwriting, new origination, borrower selection and portfolio management practices
- Review compliance with Bancorp loan policies, procedures and applicable laws and regulations; problem asset administration and loan impairments/charge-offs
- Review credit quality and related trends on a portfolio, industry sector and/or product basis and identify emerging risks
- Attend regular meetings with executive management, senior leaders, regulators, external auditors and first and second line business personnel
- Analyze and assess credit risk in highly complex Commercial borrowers and portfolios and support all conclusions
- Establish key annual goals and risk-based business plans for assigned areas of responsibility with CRR leadership and update throughout the year
- Complete or ensure completion of all aspects of required continuous review activities for assigned Commercial portfolios with minimal supervision
- Manage, lead and/or participate in horizontal, targeted and other portfolio review activities
- Present CRR activities and results at regular meetings with executive management, senior leaders, regulators, external auditors and first and second line business personnel
- Prepare and disseminate quarterly/annual summaries of results, including an annual assessment of credit risk and overall quality of assigned portfolios
- Effectively challenge and provide consultative advice to first and second line senior business leaders on risk ratings, credit risk management practices, emerging risks, borrower/portfolio credit quality trends, strategies, policies, organization design and/or staffing levels
- Ensure timely socialization and publication of concise, well-written reports summarizing review results, issues, observations and recommendations
- Manage a system of accountability for open CRR issues, observations and recommendations, soliciting action plans and responses from responsible management
- Manage and execute work processes that review the accuracy of assigned risk ratings (regulatory, probability of default and loss given default ratings) and accrual status
- Complete quality assurance review activities including effective challenge meetings, secondary reviews of work papers and peer-to-peer feedback
- Drive continuous improvement of process management within CRR and benchmark best practices with peer institutions
- Share review findings and emerging risks with Internal Audit and other Risk functions and coordinate work efforts
- Assume leadership roles and/or participate in due-diligence reviews of potential Bank acquisitions and other special projects
- Recruit qualified candidates and maintain a pipeline of qualified potential talent; maintain a succession plan for critical CRR positions
- Develop and manage direct reports, ensuring performance and developmental goals, timely feedback, training opportunities and recognition
What we're looking for
- Bachelor's degree in a business related field
- Minimum of 12 years lending and/or credit related experience
- Minimum of 7 years managing or leading employees in project management assignments
- Sound leadership and excellent interpersonal, analytical and verbal/written communications skills
- Ability to display a positive business presence and exercise sound judgment when interfacing with executive management, senior leaders, regulators, external auditors, first and second line business personnel and peers
- Strong project management and presentation skills and ability to quickly synthesize data to reach accurate conclusions
- Advanced ability to understand and interpret data from various applications and database tools, draw high-level conclusions and determine actions needed
- Strong influencing and negotiation skills
- Proficient in MS-Word, MS-Excel, MS-PowerPoint and other related PC applications
Nice to have
- Graduate degree in relevant field (Business, Finance or Economics)
- Credit Risk Review or similar loan review or regulatory agency managerial experience
Your team
Credit Risk Review (CRR)
Benefits
Eligible to participate in an incentive compensation plan based upon company, line of business and/or individual performance
- Comprehensive benefits and differentiated compensation offerings
- Benefits programs encompassing physical, financial, emotional and social well-being
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About Fifth Third Bank
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Key facts
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