This job is no longer available
There are still lots of open positions. Let's find the one that's right for you.
The Credit Risk Officer for QA/QC in the First Line of Defense at City National Bank is responsible for providing a comprehensive credit risk assessment of an assigned portfolio's credit quality, credit processes, risk concentrations, and risk management practices. This role involves evaluating, monitoring, and reporting on the credit portfolio to ensure effective management of credit risk. The officer will perform ongoing credit risk monitoring and credit testing/reviews to ascertain the assigned Line of Business's (LOB) management of credit risk practices, process controls, and portfolio quality, including the level of credit risk and its future direction. Prompt feedback will be provided to the 1LOD Credit Risk/Front Line Units based on the results of monitoring and scheduled credit review activities. In terms of responsibilities, the Credit Risk Officer will conduct individual credit assessments and testing of Wholesale lending portfolios, utilizing automated line sheets and testing procedures as key tools in the analysis. The officer will analyze credit structures to identify those that increase credit risk or are non-compliant with bank policy, including the appropriateness and accuracy of individual credit risk ratings. Financial statement analysis will be performed to note changes in the income statement and balance sheet, as well as to analyze borrower cash flow and repayment capacity. The officer will also evaluate collateral valuations and analyze complex transactions to determine enterprise value through discounted cash flow analysis. Ongoing credit risk monitoring will involve executing a risk-based desk testing/review process to identify areas of increasing risk, monitoring credit risk in assigned portfolios, and assessing the effectiveness of credit risk management practices. The officer will compile and assess Emerging Credit Risk Profiles to detect risks in assigned portfolios and document results according to the Quarterly Credit Risk Monitoring Standards. Additionally, the officer will communicate sensitive issues at the highest management levels and foster internal relationships that support a culture of trust and interdependence. As a resource for credit risk identification, the officer will provide technical guidance to credit underwriting/approval units on credit policies and control procedures to enhance quality and consistency.
