Senior Credit Risk Review Officer: Private Credit

KeyBank•East Honolulu, HI

9d•$116,000 - $216,000

About The Position

Credit Risk Review (CRR) is part of the third line of defense, accountable to the Chief Risk Review Officer and KeyCorp Board of Directors. CRR performs the organization’s loan review function through an annual review plan that may include periodic and continuous file reviews. It assesses loan portfolio quality, validates risk ratings, identifies or confirms problem credit exposures, and evaluates lending personnel and management activities, including compliance with lending policies and the quality of loan approval, monitoring, and risk assessment. CRR also conducts ongoing loan review and monitoring in coordination with Line of Business executives and Credit Risk Management to identify potential shifts in credit risk. The Senior Credit Risk Review Officer reviews individual credit files and complex commercial private credit transactions, independently assesses and validates risk ratings, and evaluates underwriting and portfolio management. The role includes reviewing portfolio performance and credit risk trends, assessing risk management practices and compliance with policies and regulatory expectations, and providing independent insight to business leaders, risk teams, and regulators. During examinations, the officer may lead a team of reviewers, review credit portfolios, and prepare reports of conclusions and recommendations. The role also provides guidance to junior team members, oversees complex reviews or projects, and contributes to continuous improvement and ongoing credit risk intelligence activities. The role requires occasional overnight travel. Physical demands include prolonged sitting, communicating in person or by phone, frequent use of a PC or laptop, and occasional lifting, pushing, or pulling of bags weighing up to 10 pounds. The position is eligible for a base salary of $116,000 to $216,000 annually, plus eligibility for incentive compensation. Key prioritizes in-office presence while providing flexible options when work can be performed effectively in a mobile environment.

Requirements

At least 7 years of relevant credit experience.
Expert knowledge of private credit and direct lending structures, including sponsor-backed financings, unitranche facilities, mezzanine debt, and recurring revenue lending.
Expert credit skills, including the ability to independently assign risk ratings using internal methodologies and external regulatory guidance.
Ability to work independently toward goals while seeking information and collaborating as needed.
Expert business writing and communication skills, including the ability to present findings cohesively to senior and executive management.
Ability to prioritize and execute multiple assignments, identify obstacles, communicate proactively, and delegate when necessary.
Leadership skills to lead or oversee complex reviews or ad-hoc projects, manage staff, and provide performance feedback.
Ability to build and maintain relationships across all lines of defense.
Ability to tactfully present arguments and influence organizational change.
Sound decision-making ability based on available information.
Ability to coach and mentor teammates through ongoing feedback.
Presentation skills and ability to tailor content to different audiences.
Competency in change management, including communicating thoughtfully through change.
Ability to demonstrate respect and personal accountability regarding Diversity, Equity, and Inclusion.
Ability to comply with KeyBank policies, conduct business ethically, avoid conflicts of interest, and act in clients’ and Key’s best interests.

Nice To Haves

Prior credit risk review experience.
Bachelor’s degree.
Master’s degree.
Credit Risk Certification (CRC).
Moody’s Analytics Certificate in Commercial Credit.

Responsibilities

Assess complex commercial private credit transactions, including underwriting structure, borrower performance, cash flow adequacy, covenant compliance, collateral coverage, and repayment capacity.
Evaluate the effectiveness of First and Second Line credit risk management activities, including underwriting decisions, risk rating practices, portfolio monitoring, and risk governance.
Review portfolio credit performance, concentration risk, industry exposure trends, and emerging credit risk themes.
Assess alignment of lending activities with the Bank’s Risk Appetite Statement, credit policies, and regulatory expectations.
Evaluate portfolio surveillance methods, including watchlist management, criticized asset identification, stress testing, and early warning indicator monitoring.
Independently assign and validate risk ratings under internal policies, methodologies, and external regulatory guidance.
Conduct individual credit file reviews and review credit portfolios, including assessing underwriting quality and portfolio management.
Lead or provide oversight on complex reviews and ad-hoc projects, including managing staff and providing performance feedback.
Prepare reports of review conclusions and recommendations and present findings and credit risk matters to senior and executive management.
Partner with business leaders, Credit Risk Management, Portfolio Risk teams, and regulators regarding emerging credit risks and portfolio quality.
Advise, coach, and mentor junior team members.
Prioritize and execute multiple assignments, identify obstacles, communicate delays or capacity availability, and delegate work when appropriate.
Use risk intelligence and regulatory bulletins to identify continuous improvement opportunities and help implement strategies for team or division change.
Participate in special projects, ongoing credit risk intelligence activities, and related training.
Perform other assigned duties and comply with KeyBank policies and procedures, including professional and ethical conduct.