Wholesale Portfolio Risk Officer
About The Position
The Wholesale Portfolio Risk Officer ensures the overall quality of the portfolio is maintained. This role handles the client's financial needs, ensuring a favorable client experience and positioning the bank to expand relationships. The officer takes the lead when debt product opportunities are identified and is accountable for all aspects of due diligence, underwriting, structuring, and preparing credit packages for review and approval. This position interfaces directly with the client and participates in building client relationships. Additionally, the role involves maintaining and updating credit policy and underwriting guidelines for debt products for this line of business.
Requirements
- 5-10 years of small business banking credit risk and some small business lending experience.
- Completion of formal credit training.
- Strong communication and analytical/technical skills are required, including financial accounting and loan structuring.
- Demonstrated business calling and negotiation experience are necessary.
- Exposure to multiple business lines is required with experience at handling more complex transactions.
- Good interpersonal skills are required to deal with banking professionals with various skill sets, risk management staff, clients and auditors.
Responsibilities
- Primary duties and responsibilities include Commercial and Industrial Underwriting and Commercial Real estate renewals and opening of new loans to render a lending decision, portfolio loans while maintaining quality control of new loans which is essential to the sound business operations of the bank.
- Responsible for making sound decisions within own lending authority and makes recommendations for loans requiring exception approval authority, based on independent analysis and interpretations of cash flows, and banking lending risk guidelines (100% manual non-automated portfolio- Commercial, Industrial Underwriting; Consumer Underwriting and Commercial Real Estate underwriting).
- Responsible for the ongoing management of the Wholesale Risk portfolios including underwriting.
- Manages relationships via a master portfolio report for tracking all renewals, annual reviews, servicing events, covenant checks and borrowing base reports by relationship.
- Makes independent decisions on the creditworthiness of commercial clients of the Bank which includes: determining financial trends based on financial analysis; determining appropriate credit grading; determining, negotiating and finalizing appropriate credit structures; and providing independent recommendation of final credit decisions as per the Bank’s credit policies and guidelines.
- Work closely with lines of business to obtain supporting information and data to develop a consistent view of portfolio trends.
- Drives analysis of wide-ranging business risks that have financial impact and provide insight into trends in portfolio performance and profitability.
- Monitors portfolio activity for the following: 180 day Maturing Report, Upcoming and Past Due Servicing tickler reports, Upcoming and Past Due Financial Statement tickler reports.
- Interface with Collateral Control Department for monthly borrowing base reports and field exams as required per loan approvals.
- Coordinates the requisition of upcoming financial statement requirements from clients in conjunction with Wholesale Banking Relationship managers.
- Provides appropriate lead time to ensure compliance and to coordinate renewal or servicing timeframes are met.
- Manages high volumes of documents (financial statements) for upcoming portfolio events until documents have been reviewed, ticklers updated and uploaded in Web Director.
- Attends joint appointments.
- Required to visit Clients at place of business.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
