Credit Products Specialized Industries Associate - Counterparty Risk

Regions Bank•Charlotte, NC

9d•Onsite

About The Position

At Regions, the Credit Products Specialized Industries Associate supports Credit Products Specialized Industries Managers in identifying and mitigating risks in existing and proposed credit products. As a member of the First Line of Defense, the individual will analyze new commercial credit opportunities, underwrite new or renewed credit exposure, and manage a portfolio of loans and other credit relationships in conjunction with a manager. This position supports the Counterparty Risk function and does not underwrite direct lending credit products This role partners with a wide variety of internal clients across the bank to underwrite, establish limits, and monitor exposures to bank and non-bank financial institutions along with foreign country exposures. This individual serves as part of the first line of defense in identifying and mitigating risk in existing and proposed transactions generating counterparty exposure. The individual will work directly with teammates in Credit Products, Credit Risk, Market Risk, Client Coverage, Capital Markets, Derivatives Sales/Traders and other areas of the bank, underwriting the counterparty exposure and management of associated exposures while providing effective challenge to these various constituents. This position will provide coverage to a portfolio Medium and Small Financial institutions, including Banks, Broker Dealers, Central Clearing Counterparties, Insurance Companies, and Government Sponsored Entities. Specific Life Insurance and P&C insurance knowledge is plus Provide coverage of foreign country risk generated by financial institutions and other corporate lending. This position may be filled at a higher level depending on the candidate's qualifications and relevant experience

Requirements

Bachelor’s degree in Finance, Accounting or related field
Two (2) years underwriting experience or financial services analysis and accounting experience
Completion of a major corporate credit training program (or the equivalent corporate banking/corporate finance experience)
Ability to competently complete credit packages and credit services agreements with management oversight
Ability to identify and voice issues; self-initiates discussion
Ability to perform quality analysis and display competency in completion and oversight of client portfolio management activities
Excellent verbal and written communication skills
Strong analytical and problem solving skills
Well organized, detail-oriented, and able to manage and/or lead multiple projects under pressure
Works collaboratively with multiple stakeholders

Nice To Haves

Specific Life Insurance and P&C insurance knowledge is plus

Responsibilities

Prepares credit approval packages on new and renewed credit products including determination of the appropriate risk rating as well as risk factors that could change the risk rating, analysis of financial performance, performance vs. projections, covenant compliance, relationship profitability (RAROC), and any other significant risk drivers
Analyzes guarantors as needed to support credit underwriting
Assists Credit Products Specialized Industries Managers with the review of pre-closing loan documents and closing due diligence
Manages financial reporting requirements, covenant requirements, past dues and documentation exceptions
Ensures credit files are complete with all up to date information
Provides tickler implementation and maintenance
Monitors portfolio and servicing activities in conjunction with Credit Products support
Validates the appropriate risk rating for a company and proactively identifies risk rating changes
Identifies opportunities for exposure reduction or new opportunities within assigned portfolio
Participates in research, preparation and execution of customer and prospect calls
Participates in identifying financial solutions that meet the client’s needs and the Bank’s risk acceptance criteria
Ensures compliance with internal bank commercial loan policy, credit risk management policy, and external regulatory requirements; documents any exceptions to policy and related rationale/mitigants

Benefits

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
This role is eligible to participate in a discretionary incentive plan. Employees have the potential to receive a discretionary award based on performance against defined metrics and goals.