Credit Risk Review Officer

Live Oak Bank • Wilmington, NC

3d • $128,500 - $179,900

About The Position

Live Oak Bank is hiring a Credit Risk Review Officer to safeguard the strength, integrity, and long-term performance of its loan portfolio. As a subject matter expert in the Credit Risk Review function, the officer independently assesses the Bank’s most complex Specialty Lending relationships, provides credible challenge to credit and underwriting practices, and helps ensure lending aligns with regulatory expectations, internal policies, and sound credit risk management standards.

The role supports transparency and accountability in loan quality, strategic decision-making, and credit risk governance. It includes leading complex loan reviews, monitoring portfolio performance and emerging risks, contributing to review methodologies and reporting, supporting regulatory examinations and audits, and mentoring Credit Risk Review Associates and Senior Associates as applicable. The position is ideally based in Wilmington, North Carolina; remote designations may be considered for qualified candidates. Work sponsorship is not supported, now or in the future.

Requirements

• 10+ years of progressive experience in credit risk review, special assets, internal audit, or commercial credit within a regulated financial institution, with a focus on credit-related risk.
• Extensive knowledge of complex and highly structured commercial lending, underwriting standards, credit risk frameworks, and portfolio management across bilateral and syndicated commercial loan products.
• Expertise in Sponsor Finance, Lender Finance, Subscription Finance, Asset Based Lending, and Venture.
• Ability to provide a comprehensive review and opinion regarding credit risk and mitigated loan quality for large, structurally complex transactions.
• Strong understanding of regulatory expectations related to credit risk management, independent loan review, and safety-and-soundness standards.
• Demonstrated ability to implement review methodologies, drive process improvements, and contribute to executive-level reporting.
• Strong analytical, communication, and relationship-building skills.

Nice To Haves

• University or college degree in a related discipline, such as Business or Finance.
• Formal credit risk training or professional certification.
• Familiarity with risk analytics, credit metrics, portfolio analysis, and credit MIS tools.
• Background in high-growth or digitally focused banking environments.
• Proven ability to mentor and lead high-performing risk or credit teams.

Responsibilities

• Lead reviews of complex, higher-risk, or specialized lending relationships and develop independent conclusions regarding risk ratings, underwriting quality, policy compliance, and portfolio management practices.
• Monitor portfolio performance and identify trends, emerging risks, and concerns, including delinquency, bankruptcy, collateral sufficiency, and industry concentrations.
• Contribute to the evolution of credit risk review methodologies, coverage strategies, reporting frameworks, and risk assessment practices.
• Perform individual file and relationship reviews under the established risk-based loan review program.
• Validate the accuracy and consistency of loan risk grade assignments in alignment with established policies and regulatory guidelines.
• Serve as a subject matter expert for assigned commercial products, including related product aspects, policies, underwriting, and portfolio management guidelines.
• Ensure the quality, completeness, and accuracy of credit risk review documentation and analysis performed personally or by direct reports, as applicable.
• Participate in findings discussions with credit risk and first-line leadership and monitor progress on corrective actions.
• Provide independent, objective challenge to lending, underwriting, and portfolio management practices while maintaining effective working relationships with business and credit partners.
• Support regulatory examinations, internal audits, and governance reporting through preparation of analyses, documentation, and response materials.
• Deliver timely, actionable reports to the Managing Director, Credit Risk Review, as required.
• Maintain expertise in commercial and government-guaranteed lending programs, such as SBA and USDA.
• Manage, coach, and develop Credit Risk Review Associates and Senior Associates as applicable, providing quality oversight, technical guidance, and professional mentorship.
• Serve as a thought partner to first-line partners on assigned commercial products to enhance credit policy, risk appetite, and portfolio management strategies.
• Maintain strong awareness of applicable regulatory requirements, including BSA, AML, CIP, and OFAC.

Benefits

• Annual bonuses and long-term incentives may be included, subject to various metrics and company policy.
• At least the minimum required paid sick leave is provided to employees residing in states requiring employer-paid sick leave.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed