Loan Review Officer Sr
About The Position
As a member of the Corporate Risk Department of UMB Financial Corporation, the Loan Review Officer (LRO) Sr. is responsible for execution of the internal loan review program for UMBFC and its subsidiaries with the purpose of assessing the quality, quantity, direction and overall credit risk in the organization. Under the Director's guidance, the LRO Sr. will participate in planned business unit, vertical and horizontal reviews to assess the asset quality and overall risk management of the loan portfolio. Loan reviews will include commercial lending, consumer lending, and other extensions of credit as deemed appropriate.
Requirements
- Bachelor’s degree in Business, Finance, Accounting, OR an equivalent combination of education and experience
- 8 years commercial banking experience in credit analysis, credit administration, lending or loan review
Nice To Haves
- 5 years of Loan Review or Bank Examiner experience
- Demonstrate ability to work with highly confidential and sensitive information
- Demonstrate extensive lending knowledge and experience with complex credits
- Demonstrate well developed credit analysis abilities
- Demonstrate the ability to read, analyze and interpret common scientific and technical journals, financial reports and legal documents
- Demonstrate strong written and verbal communications
Responsibilities
- Operate within the Loan Review Charter and Loan Review Manual as approved by the UMBFC Board Risk Committee.
- Conduct individual loan reviews within the schedule determined by the Director and approved by the Risk Committee.
- Review individual loans and loan portfolios to: Ensure underwriting credit analysis is sound and justifies/mitigates the identified credit risk, Assess the overall quality of the loan portfolio and the adequacy of loan administration practices by reviewing a pool of individual loans, Ensure risk rating reliability and timeliness of rating changes, Identify actual and potential loan problems at the earliest possible time and make recommendations to remediate credit weaknesses, Measure compliance with established policies/procedures and with laws and regulations.
- Interact with loan officers, commercial team leaders, and commercial group managers to discuss and evaluate individual credits, compliance with policy, and appropriateness of loan administration functions.
- Act as Reviewer in Charge by coordinating the review process of a lending unit or portfolio of loans. This includes: Identifying the scope of loans to review, Developing a timeline for the review, Consolidating the data from the individual loans review, Writing the Loan Review Report, Presenting findings to senior and executive management.
- Assist with training, development, and mentoring of new associates in the department.
Benefits
- Paid Time Off
- a 401(k) matching program
- annual incentive pay
- paid holidays
- a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage
- health savings, flexible spending, and dependent care accounts
- adoption assistance
- an employee assistance program
- fitness reimbursement
- tuition reimbursement
- an associate wellbeing program
- an associate emergency fund
- various associate banking benefits
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What This Job Offers
Job Type
Full-time
Career Level
Senior
