Credit Monitoring & Control Specialist
About The Position
The Credit Monitoring & Control Specialist will support the Bank’s Credit Risk Management/ Risk Analytics Departments, to help analyze, identify, mitigate and control data integrity risk across numerous data elements. This position is a key role in the Bank’s Risk Management Department and reports to the Credit Monitoring & Control Team Lead. The role involves reviewing credit approval documents to ensure compliance with the Bank's credit policy, providing ongoing support for portfolio transparency, and ensuring efficient and accurate quarterly risk reporting. The specialist will also determine proper codes for accurate reporting and conduct regular reviews of key Credit Risk data elements. Additionally, the role provides support to other functions within the Credit Risk Management/ Risk Analytics Department, solves straightforward problems using standard procedures, and participates in or leads departmental projects.
Requirements
- Knowledgeable in credit approval process, credit structure and ability to comprehend the Bank’s credit policy
- Familiarity with Federal Call Codes and other related loan codes and the awareness of how loan codes impact financial reporting
- Experience leading risk and control assessments, root cause analysis and scenario analysis
- Ability to partner effectively with peers, senior management and business partners
- Organizational and problem solving skills and attention to detail
- Investigative and questioning nature combined with sound business and technical skills
- Ability to work under pressure and organize, manage and prioritize multiple deliverables
- Strong critical thinking abilities
- Proficiency in Microsoft Excel, Outlook and Word required, including analytical skills and spreadsheet experience
- Excellent oral and written communication skills, as well as the ability to present to senior management
- Have the ability to work independently and within a team
- Bachelor’s degree along with 7-10 years of experience of credit risk, compliance, or audit/ SOX experience in a banking/financial services environment
Responsibilities
- Review both traditional and complex credit approval documents (credit underwriting/ loan presentations) for the purpose of ensuring proposed loans structures are in compliance with the Bank’s credit policy
- Provide ongoing support to promote portfolio transparency
- Ensure Quarter End risk reporting processes are done efficiently and accurately
- Determine proper note code, collateral code and federal call code for each transaction to ensure accurate reporting to internal and external audiences
- Conduct quarterly/monthly reviews of one or more key Credit Risk data elements
- Provide support to other functions within the Credit Risk Management/ Risk Analytics Department
- Solve a range of straightforward problems
- Analyze possible solutions using standard procedures
- Participate/lead in projects associated with the department
Benefits
- Medical
- Dental
- Vision
- Health Savings Account
- Life Insurance
- Disability
- Other Insurance Plans
- Paid Time Off (including Sick Leave, Parental Leave and Vacation)
- Holidays
- 401(k)
- competitive salary
- incentive pay
- banking benefits
- a benefits program
- a vacation offering
- wellbeing support
- MomentMakers, our social, points-based recognition program
- Purpose Day; a paid day off dedicated for you to use to invest in your growth and development
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
