Credit Review Officer - Payments or Counterparty
About The Position
Credit Risk Review (CRR) is part of the second line of defense, accountable to the organization’s Chief Risk Officer and KeyCorp Board of Directors. CRR is responsible for performing the organization’s loan review function through an annual review plan, which includes periodic and continuous file review. The CRR team ensures accurate and timely risk ratings to assess credit quality and identify problem credit exposures. They provide an objective, independent, and timely assessment of the loan portfolio’s overall quality, evaluating the activities of lending personnel and management, including compliance with lending policies and the quality of their loan approval, monitoring, and risk assessment. The team also performs continuous loan review and monitoring, interacting with Line of Business executives and Credit Risk Management to identify potential shifts in credit risk. The Credit Review Officer works with a team of reviewers to conduct individual credit file reviews, assessing underwriting and portfolio management quality, and independently validating and adjusting risk ratings. They perform active, dynamic, and comprehensive credit risk intelligence, leveraging insights to determine loan sample selection, identify loans with weaknesses, and analyze trends affecting portfolio quality. The role also involves assessing adherence to internal credit policies and procedures, monitoring compliance with laws and regulations, and maintaining knowledge of credit review methodologies and regulatory expectations. The Credit Review Officer may lead teams, conduct portfolio reviews, provide challenge, and write reports with conclusions and recommendations. This role also involves advising junior team members, participating in special projects, and completing ongoing credit risk intelligence activities and training.
Requirements
- Advanced credit skills including the ability to independently assign risk ratings based on external regulatory guidance and Key’s internal policies and risk rating methodologies.
- Ability to accurately assess client’s creditworthiness and complete independent financial analysis.
- Ability to work independently towards goals, seeking information and collaborating as necessary.
- Advanced business writing skills and the ability to cohesively present information effectively to others, including the delivery of findings and other credit risk matters to senior management.
- Ability to prioritize and execute multiple assignments.
- Ability to identify obstacles within the scope of assignments.
- Proactively communicate delays in assigned deliverables or additional capacity availability.
- Effectively delegate work when necessary.
- Leadership skills by leading reviews or ad-hoc projects, including managing project staff and delivering feedback on performance.
- Advanced understanding of lending products and business, industry, and regulatory concepts.
- Subject Matter Expert (SME) in a specific lending discipline, product, or line of business.
- Develop relationships with internal bank clients.
- Thoughtfully engage in networking with members of your team and across Key to build lasting relationships.
- Ability to perform in an organizational culture of respect and personal accountability regarding Inclusion and Belonging.
Nice To Haves
- Bachelor’s Degree
- Master’s Degree
- Relevant professional certification (ProSight/RMA Credit Risk Certification (CRC) or Moody’s Analytics Certificate in Commercial Credit (CICC))
Responsibilities
- Conduct individual credit file reviews to assess the quality of underwriting and portfolio management activities.
- Independently validate and, if necessary, adjust risk ratings.
- Perform active, dynamic, and comprehensive credit risk intelligence to determine loan sample selection.
- Identify loans with potential or well-defined weaknesses.
- Perform timely and comprehensive analysis to identify trends that affect the quality of the loan portfolio and potential problem areas.
- Assess the adequacy of and adherence to internal credit policies and procedures.
- Monitor compliance with applicable laws and regulations.
- Maintain an up-to-date working knowledge of credit review methodologies and regulatory expectations.
- Lead a team of reviewers during credit risk reviews.
- Conduct reviews of credit portfolios.
- Provide appropriate review and challenge.
- Write reports of conclusions and recommendations resulting from reviews.
- Serve as an advisor to junior team members.
- Participate in special projects.
- Complete ongoing credit risk intelligence activities and related training.
Benefits
- Base salary in the range of $96,000.00 - $181,000.00 annually
- Eligibility for incentive compensation (production, commission, and/or discretionary incentives)
- List of benefits for which this position is eligible
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
