Credit Risk Officer CRE

IDB • Los Angeles, CA

3d • Hybrid

About The Position

For all credit granting business units determined to fall under the credit risk departments responsibility (as determined by Senior Management and/or Credit Policy) the Credit Risk Officer (“CRO”) will: Provide an opinion on the acceptability of any credit proposal which meets the threshold for CRO review per loan policy. For credits requiring Credit Committee approval this is to be a written opinion which outlines the basis for the recommendation. Recommendations can be to support or decline and may carry conditions. Opine on the accuracy of the risk rating on all credits presented to a CRO for review. Provide guidance to the account officer and business unit management for all prospective credit requests. Guidance to include feedback on creditworthiness, loan structuring, compliance with bank policy and assessing the completeness and accuracy of the credit underwriting. This guidance is to come in conjunction with that of the business unit management. Identify all “at risk” credits (risk rated 6W or worse) and credits noted for Extra Attention in conjunction with the line officers and assure that they are properly reported at the quarterly watch list meetings. Specific guidance on action plans and remedial efforts is expected. The CRO will monitor the portfolio performance of their assigned units for the below credit quality measures, when such information is available: Weighted average risk ratings Risk rating changes/migrations Past due items Non-accruals Charge offs/recoveries Expired and expiring lines Overdrafts Over lines and over advances The CRO will provide input to management on the adequacy of the Bank’s Credit Policy. The CRO will provide input to business line management on the credit skills of line unit staff and when appropriate will offer training and/or guidance on credit related issues to the line unit staff. The CRO will assist management in portfolio review activities as a special project if a specific concern arises. The CRO is expected to remain current on financial and market trends which would impact the credit portfolios served as well as general credit risk issues in the industry.

Requirements

• Bachelor's degree from an accredited institution.
• Minimum 15 years of experience in a role of Commercial Credit granting.
• Candidate will have a predominant background in Commercial Real Estate and Private Banking

Nice To Haves

• Any experience with Commercial and Industrial lending would also be a positive attribute

Responsibilities

• Provide an opinion on the acceptability of any credit proposal which meets the threshold for CRO review per loan policy.
• Opine on the accuracy of the risk rating on all credits presented to a CRO for review.
• Provide guidance to the account officer and business unit management for all prospective credit requests.
• Identify all “at risk” credits (risk rated 6W or worse) and credits noted for Extra Attention in conjunction with the line officers and assure that they are properly reported at the quarterly watch list meetings.
• Monitor the portfolio performance of their assigned units for the below credit quality measures, when such information is available: Weighted average risk ratings Risk rating changes/migrations Past due items Non-accruals Charge offs/recoveries Expired and expiring lines Overdrafts Over lines and over advances
• Provide input to management on the adequacy of the Bank’s Credit Policy.
• Provide input to business line management on the credit skills of line unit staff and when appropriate will offer training and/or guidance on credit related issues to the line unit staff.
• Assist management in portfolio review activities as a special project if a specific concern arises.
• Remain current on financial and market trends which would impact the credit portfolios served as well as general credit risk issues in the industry.

Benefits

• We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level