Credit Risk Review Officer

Live Oak Banking • Wilmington, NC

1d

About The Position

As a Credit Risk Review Officer at Live Oak Bank, you will safeguard the strength, integrity, and long-term performance of the bank’s loan portfolio. As a subject matter expert in Credit Risk Review, you will independently assess complex Specialty Lending relationships, challenge credit and underwriting practices, and help ensure lending aligns with regulatory expectations, internal policies, and sound credit risk management standards. Your work will support transparency and accountability in loan quality, strategic decision-making, credit risk governance, and the bank’s role as a trusted financial partner.

The position is ideally based in Wilmington, North Carolina, though remote designations may be considered for qualified candidates. Work sponsorship is not supported, now or in the future. You will lead reviews of complex, higher-risk, or specialized lending relationships; monitor portfolio performance and trends; validate loan risk grades; and contribute to review methodologies and reporting. You will also support regulatory examinations, audits, and governance activities, provide reports to the Managing Director, Credit Risk Review, and manage, coach, and develop Credit Risk Review Associates and Senior Associates as applicable.

The role requires extensive expertise in complex commercial lending and credit risk review, including products such as Sponsor Finance, Lender Finance, Subscription Finance, Asset Based Lending, and Venture. Candidates should bring substantial experience in a regulated financial institution and a strong understanding of regulatory expectations for credit risk management and independent loan review.

Requirements

• 10+ years of progressive experience in credit risk review, special assets, internal audit, or commercial credit within a regulated financial institution, focused 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 thorough review and opinion regarding credit risk and mitigated loan quality of large, structurally complex transactions.
• Strong understanding of regulatory expectations for 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.
• Support portfolio performance monitoring to identify trends, emerging risks, and areas of concern.
• Evaluate portfolio trends, including delinquency, bankruptcy, collateral sufficiency, and industry concentrations.
• Contribute to the development 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 supporting credit risk review documentation and analysis, including work performed by direct reports as applicable.
• Participate in findings discussions with credit risk and first-line leadership and monitor corrective-action progress.
• 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 by preparing 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, including 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 for assigned commercial products to enhance credit policy, risk appetite, and portfolio management strategies.
• Maintain awareness of applicable regulatory requirements, including BSA, AML, CIP, and OFAC.

Benefits

• Paid sick leave at least at the minimum required level for employees residing in states that require employer-paid sick leave.
• Annual bonuses and long-term incentives may be included in compensation, subject to various metrics and company policy.

What This Job Offers

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