Our client, a leading bank, is looking for an experienced Credit Officer to join their Specialty Banking Division in LA.
17th June, 2020
Job Description & Synthesis
The VP/SVP participates in the loan management process by providing credit and loan underwriting expertise of foreign and domestic banks to a team of Specialty Banking Relationship Managers, the International Banking and Trade Finance ("IBTF") Group, the Foreign Exchange Group and Treasury within the bank. This individual analyzes prospective loan transactions and creditworthiness of new and existing financial institutions in the context of Country Risk appetite. Will provide recommendations and guidance regarding proposed credits and potential risks. Is client-facing and manages all aspects of credit relationships for clients. Provides credit product expertise in an advisory capacity and ensures all due diligence and background evaluation is complete and thorough before credit approval is granted. Provides workflow oversight and delegates team assignments.
Specialty Banking Division As a member of the Specialty Banking group, you will help to bring extensive industry knowledge to commercial clients in specialized segments and deliver an unmatched level of service. Specialty Banking is comprised of several teams of experienced bankers with niche market knowledge and niche financial proficiency, promoting solutions rather than products.
Manages workflow and priorities in conjunction with or in the absence of the Credit Manager. Determines and assigns work assignments to team of Credit Officers and Credit Analysts based on experience, availability, and portfolio complexity and size.
Manages IBTF Credit Strategic Initiatives (i.e., Heightened Standards, AIRB-Digital CRR, OCC-Key Risk Reports, CCAR data validation, Credit Risk Review and Internal Audit inquiries, coordination projects, Supply Chain efforts, on-going regulatory initiatives and related testing, and etc.).
Provides technical guidance to and reviews the work of less experienced Credit Officers and Credit Analysts. Guides and assists the Credit Analysts in research, credit structuring, financial analysis, geopolitical risk considerations, etc. for complex accounts.
Responds to questions or inquiries from internal and external clients concerning credit policies, procedures, structuring, etc. before it is elevated, if necessary, to the Credit Manager.
Monitors performance, gives on-going performance feedback and participates in conducting effective performance appraisals. Trains, coaches, counsels and provides general direction and guidance to staff.
Develops and motivates team members; identifies staff development needs and provides educational/training opportunities.
Assists the Credit Manager in departmental reporting of past dues, portfolio and Country Risk reviews, and on-going enhancement of internal credit risk controls.
Portfolio Management and Strategic Initiatives
Evaluates and examines credit requests in order to assess creditworthiness including loan quality, credit risk classification, loan structure, collateral analysis, pricing and adherence to Bank policies.
Attends client meetings at Relationship Manager, Team Manager, or Credit Manager's or request to facilitate delivery of the credit product, enhanced risk controls and/or assist in problem resolution.
Provides balanced and appropriate credit guidance to Relationship and Team Manager and collaborates in determining appropriate credit strategy and Country Risk Appetite.
Provides input to the Relationship Manager and Team Manager when loan pricing does not appear to reflect inherent risk in subject transaction. Pricing may be either too high or to low.
Manages the financial analysis and preparation of the CRR. This includes ensuring that the 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 and within Credit Risk policies as well as Country Risk appetite and guidelines.
Collaborates with IBTF team members by providing credit alternatives and creative ways to structure credits ensuring that transactions are within profitability and portfolio risk standards. Authors credit approval memorandum.
Restructures loans and/or lines of credit as required. Assumes accountability for minimizing Bank losses.
Manages IBTF team delinquencies both for matured loans and past due monitoring items.
Have primary role in early problem loan identification and the timely and accurate changes in loan grades and Country Risk Ratings.
Monitors and takes initiative to respond to past dues based on information provided by the Relationship Manager.
Performs quarterly financial reviews of client's financial condition including monitoring covenants and conditions. Communicates and discusses findings with the Relationship Manager, CBS Manager and IBTF Credit head, where necessary.
Performs portfolio reviews and responds to questions raised in internal and external audits and examinations.
Works with Credit Administration to facilitate an accurate and timely credit decision and optimal credit strategy.
Maintains up-to-date knowledge on all Bank lending policies and regulations. Confers with the IBTF Manager and appropriate Bank personnel regarding new/existing lending requirements and regulations and Country Risk considerations. Acts in accordance with Bank's credit culture and strategies.
Bachelor's Degree Business Administration or related field
Minimum 10 years' experience in underwriting medium to large sized and moderately-complex commercial credit required.
Minimum 10 years of experience in a banking or financial services environment required.
Experience analyzing and underwriting emerging market banks and knowledge of related Country Risk management disciplines.
Completion of credit training program is required.
Experience in underwriting medium to large sized and moderately-complex corporate credit, which includes analyzing, interpreting, and evaluating financial statements, cash flow analysis, familiarity with various industries, collateral issues and values, loan structuring and guarantor personal financial statements, and tax returns and country risk knowledge.
Supervisory experience preferred.
Highly knowledgeable in corporate credit policies and procedures.
Strong credit analysis and accounting skills with the ability to communicate 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 and in teams and interact effectively with all levels of Bank personnel and outside contacts.