Senior Credit Risk Officer - Asset Based Lending

Truist • Chicago, IL

13h • $190,000 - $260,000

About The Position

Truist is looking for a Senior Credit Risk Officer who will be supporting the Asset Based Lending product. This team member will be responsible for optimizing profitability of the wholesale loan portfolio by maintaining proper balance among quality, profitability and compliance. Partner with Asset Based Lending segment leadership to provide thought leadership and execute credit strategy in line with targets and Truist stated risk tolerance. Communicates effectively through guidance, training and development in support of building and maintaining a strong credit culture. Models behaviors that reflect strong judgment capabilities gained through deep and comprehensive credit experience across multiple types of portfolio and business segments, constructive partnership and ability to navigate complex challenges that have potential impact on Truist profitability.

Requirements

• Bachelor's degree, or equivalent education and related training
• 15 years of experience in lending and/or credit experience
• Widespread financial credit risk and regulatory knowledge
• Solid accounting/financial analysis skills
• Strong communication and interpersonal skills with demonstrated leadership ability to collaborate across teams and build strong relationships

Nice To Haves

• 20 years of experience in commercial lending and/or credit experience
• Master's degree in business administration, finance, or accounting
• Broad product knowledge and experience, including Debt and Equity Capital Markets, Asset Finance, and Treasury Management product categories Experience across a broad span or industries or deep experience within a specific industry
• Asset Based Lending credit review and risk experience.
• RMA - Credit Risk Certification

Responsibilities

• Serve as a senior credit risk officer for large and complex segments within wholesale lending or specialty lines of businesses. Promote consistency of Bank's credit culture and lending strategies throughout organization. Responsible for leading the advancement of the organization's risk management culture, framework, and appetite throughout the assigned segment within the LOB
• Communicate effectively as a thought leader to support development and maintenance of a strong credit culture. Provide risk leadership through ongoing active engagement with LOB, Product Partner, and Credit Delivery teams including guidance, coaching and mentoring to teammates on sound principles of lending and support their development through regular feedback and constructive dialogue
• Partner with segment leaders to develop, communicate, and execute credit strategies, limits, and policies that support LOB targets while maintaining disciplined approaches to optimizing capital deployment and mitigating risk. Exercise prudent credit judgment through individual delegated loan authority to shape portfolio within risk appetite guidelines and concentration management approaches that create sustainable profitability
• Stay abreast of laws, regulations and risk management techniques to ensure compliance and best practices in risk management. Stay abreast of local, national, and global economic trends and market conditions
• Manage highly complex decisions that could have significant impact to risks and profitability
• Ensure appropriate Risk Rating for the portfolio, monitor portfolio performance, identify areas of emerging risks. Develop strategies and action plans for emerging risk, and elevate to Senior Credit Officer and present portfolio updates and recommendations to senior executives, Risk Oversight Committees, and regulators as requested

Benefits

• Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates.
• Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays.
• Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees