Senior Credit Review Manager - Commercial Real Estate and Community Development

Citizens Bank • Chicago, IL

282d • $135,960 - $180,000

About The Position

The Senior Credit Review Manager position is a team member (not a people manager) in the bank's independent Credit Review function. The Credit Review team is an independent team reporting to the bank's Audit Committee responsible for oversight of all bank lending activities. The Senior Credit Review Manager is responsible for the independent evaluation of borrower-level loan transactions, credit portfolios, and credit risk management practices throughout the bank's Commercial portfolios with particular focus in Commercial Real Estate and Community Development. As the Senior Credit Review Manager, you will be responsible for scoping, planning, managing, participating, and executing credit risk review assignments to verify ratings accuracy and outlook, to assess asset quality, and to provide an opinion with respect to risk management and appetite. You will add value by providing independent challenge and assurance, identifying issues and formulating practical solutions that can be tracked and monitored to resolve any deficiencies and help reduce overall risk to the organization. The high-profile nature of the role reflects the need for extensive interaction with senior management and staff, Credit Review senior management, and Examiners.

Requirements

• 10+ years of credit risk experience in one of these areas: credit review, credit sanctioning, loan structuring, and underwriting, with emphasis in commercial real estate space.
• Previous bank credit review or bank examiner experience is highly preferred.
• Solid understanding of US regulatory rating framework and US regulatory requirements governing credit risk management, including origination, underwriting and portfolio management.
• Experience and knowledge of PD and LGD rating model approaches.
• Excellent communication skills, both oral and written, with an ability to synthesize complex messages for an executive audience.
• Experience preparing materials for and interacting with supervisory agencies, external auditors, and executives.
• Strong negotiation skills with ability to defend position in a constructive manner.
• A high degree of professional maturity and emotional intelligence appropriate for interactions with external and internal constituents of all levels.
• A natural collaborator and culture carrier who can lead effectively amidst ambiguity.
• Have an open mindset and respects challenging views from colleagues and stakeholders.
• Proven ability to work in a team environment, lead others, and appropriately prioritize workload to ensure deadlines are met.
• Self-motivated, with ability to work independently in a geographically dispersed environment.

Nice To Haves

• BA, BS, MBA or other advanced degree or certification is a plus.

Responsibilities

• Undertake an independent, qualitative, and quantitative assessment of individual counterparties, facilities and portfolios including an assessment of the structure of facilities where Citizens maintains a risk relationship on either a committed or uncommitted basis.
• Undertake a qualitative assessment of the risk management and credit stewardship of individual counterparties and portfolios including compliance with relevant credit policies as part of the Citizens Policy framework.
• Ensure accuracy of assigned credit risk and regulatory ratings and underlying rating model implementation.
• Evaluate management oversight process, assign overall credit management and asset quality ratings, and formulate recommendations to proactively reduce credit risk and minimize potential credit losses.
• Identify risk issues and make suitable recommendations to remediate or rectify deficiencies noted, improve business and risk processes, amend counterparty and macro risk appetite, and enhance policies, standards, and credit risk reporting.
• Plan and execute reviews as leader; interact with credit and business executives and staff, collect, and interpret findings, provide verbal feedback, and formulate written reports on findings with suitable action points.
• Incorporate findings and recommendations into written reports which are distributed to executive management and external regulatory bodies.
• Utilize influencing skills to resolve issues and agree to solutions prior to finalization of exam reports.
• Define, lead, and manage strategic initiatives including Targeted Reviews and special projects as needed in support of achieving Credit Review's objectives.

Benefits

• Competitive pay
• Comprehensive medical, dental and vision coverage
• Retirement benefits
• Maternity/paternity leave
• Flexible work arrangements
• Education reimbursement
• Wellness programs
• Paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree