Senior Credit Officer, Payments

KeyBank • Albany, NY

4d • $96,000 - $181,000 • Hybrid

About The Position

The Senior Credit Officer for Payments Products is a key member of the risk management team, responsible for adjudicating credit requests for Payments-Only client relationships. This role focuses on evaluating and approving higher-risk credit exposures, specifically those that are considered higher risk and / or exceed $10 million in exposure. SCOs are required to support profitable revenue growth while maintaining portfolio asset quality within Key's moderate credit risk appetite. They must execute against the defined credit process; ensuring consistency with Credit Policy and established underwriting guidelines.

Requirements

• Bachelor’s degree in Finance, Accounting, Business, or a related field
• Minimum of 5 years’ experience in commercial credit underwriting, credit approval or other risk area, with a background in payments or transaction banking products preferred.
• Demonstrated experience in evaluating or adjudicating high-value and higher-risk credit exposures.
• Excellent analytical, communication, and decision-making skills.
• Strong understanding of regulatory requirements and industry best practices in payments and credit risk.

Nice To Haves

• background in payments or transaction banking products preferred

Responsibilities

• Review, analyze, and adjudicate complex credit requests for Payments-Only relationships, with a primary focus on higher-risk profiles and large exposures (over $10 million). Target client profile may change as business needs change.
• Conduct in-depth risk assessments, including evaluation of financial statements, payment flows, transaction structures, and overall counterparty risk.
• Participate in overall portfolio monitoring, including quarterly risk assessments, asset quality reviews
• Demonstrate a deep understanding of risk rating models. Ensure accurate and timely risk rating of assigned portfolio.
• Collaborate with product, relationship management, and risk teams to ensure credit decisions support business growth while maintaining prudent risk standards.
• Monitor approved credit exposures, proactively identifying and escalating potential issues or deteriorating credit quality.
• Participate in Asset Quality Review (AQR) process with clients who have adverse risk ratings.
• Provide regular coverage of ACH exceedance approvals, will include some evening “on call” hours.
• Stay current with industry trends, regulatory developments, and best practices related to payments products and credit risk management.
• Advocate a positive risk culture amongst credit and underwriting staff and foster a sense of urgency in support of the Bank’s focus on client centricity.
• Periodic project assignments related to the constantly changing risk management environments.
• Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned periodically.
• Complies with all KeyBank policies and procedures, including without limitation, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key’s clients and Key.
• Credit Approval Authority will be based on experience level and size and/or type of credit treatment.
• Occasional travel to include overnight stay.

Benefits

• eligible to earn a base salary in the range of $96,000.00 - $181,000.00 annually
• Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior