Managing Director, Loan Review

Live Oak Bank • Wilmington, NC

1d • $221,020 - $292,980

About The Position

As the Managing Director, Loan Review, you will play a critical role in safeguarding the strength, integrity, and long‑term performance of Live Oak Bank’s loan portfolio. This position serves as a key line of defense, ensuring that lending practices align with regulatory expectations, internal policies, and Live Oak’s high standards for sound credit risk management. By driving transparency and accountability in loan quality, you will directly influence strategic decision‑making, enhance credit risk governance, and support our mission of being a trusted financial partner for customers and communities. Your leadership will empower teams across the bank to maintain disciplined underwriting, early identification of emerging risks, and a culture committed to doing what’s right.

Requirements

• 10+ years of progressive experience in credit risk, loan review, or commercial lending within a regulated financial institution.
• Deep knowledge of commercial lending structures, underwriting standards, credit risk frameworks, and portfolio management practices.
• Experience assessing government‑guaranteed lending programs such as SBA 7(a), SBA 504, or USDA B&I.
• Strong understanding of regulatory expectations related to credit risk management, independent loan review, and safety‑and‑soundness standards.
• Demonstrated ability to develop review methodologies, drive process improvements, and deliver executive‑level reporting.
• Exceptional analytical, communication, and relationship‑building skills.

Nice To Haves

• Formal credit risk training or professional certification
• Prior experience in a senior role within a bank’s second line of defense or internal audit related to credit risk.
• Deep expertise with government‑guaranteed lending operations, rules, and compliance requirements.
• Experience working directly with bank regulators and presenting to examiners.
• Familiarity with risk analytics, portfolio modeling, or credit MIS tools.
• Background in high‑growth or digitally‑focused banking environments.
• Proven ability to build, mentor, and lead high‑performing risk or credit teams.

Responsibilities

• Lead the Loan Review function and establish a clear, risk‑based review strategy across commercial and government‑guaranteed portfolios.
• Develop and maintain comprehensive loan review frameworks, methodologies, and risk ratings aligned with regulatory expectations.
• Independently assess the quality and effectiveness of the end‑to‑end credit process, including underwriting, portfolio management, loan structuring, risk rating accuracy, credit decisioning and approvals, documentation quality, collateral administration, monitoring practices, covenant management, early problem‑loan identification, workout strategies, and any other activities that influence credit quality and risk governance.
• Monitor portfolio performance to identify trends, emerging risks, and areas of concern.
• Identify and evaluate portfolio trends, including delinquency, bankruptcy, collateral sufficiency, and industry concentrations.
• Execute a robust, risk‑based loan review program, including sample‑based testing for policy and compliance.
• Validate the accuracy and consistency of the bank's risk grading practices in alignment with established policies and regulatory guidelines.
• Oversee the quality, completeness, and accuracy of supporting loan review documentation and analysis.
• Communicate findings with credit risk and the first line leadership and monitor progress of corrective actions.
• Support internal audits and regulatory examinations.
• Deliver timely, actionable reports to senior management and the Board Risk Committee summarizing findings, trends, and recommendations.
• Ensure the Loan Review team maintains expertise in commercial and government‑guaranteed lending programs (e.g. SBA, USDA).
• Foster a culture of independence, professionalism, and continuous improvement.
• Serve as a thought partner to leadership in enhancing credit policy, risk appetite, and portfolio management strategies.
• Maintain strong awareness of applicable regulatory requirements including BSA, AML, CIP, and OFAC.

Benefits

• For a detailed overview of our employee benefits please visit: http://www.liveoakbank.com/careers/
• Live Oak Bank is an Affirmative Action and Equal Opportunity Employer, Minorities/Women/Veterans/Disabled.
• We consider applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, veteran status or disability.
• Equal access to programs, service and employment is available to all persons.
• Those applicants requiring reasonable accommodation to the application and/or interview process should notify human resources at [email protected].

What This Job Offers

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