VP, Loan Review Team Lead

People Drive Our Success

Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank - we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities.

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GENERAL SUMMARY

Analyze loans for credit quality and adherence to bank policy. Act as Examiner-In-Charge of assigned lending unit reviews and prepare comprehensive reports for distribution to management. Assist in the loan sampling process for lending unit reviews and in other departmental functions as necessary.

DIRECT REPORTS

The incumbent has approximately five direct reports.

ESSENTIAL FUNCTIONS

• Collaborate with the Loan Review Manager to ensure timely and effective execution of the Loan Review Plan.
• Directs Loan Review services performed by internal staff and third party, co-source firms.
• Assist in the development and execution of the annual Loan Review Plan for comprehensive portfolio reviews to determine asset quality and portfolio management effectiveness, continuous portfolio monitoring, and targeted reviews.
• Ensures assigned staff have the proficiency required to perform portfolio reviews.
• Serves as Examiner-In-Charge for assigned lending unit reviews, host kick-off, update, and exit meetings for the respective units to discuss findings, issues and / or concerns.
• Prepares and drafts Loan Quality Review Reports that communicate findings to Unit Management, Senior Management, and the Audit Committee of the Board of Directors.
• Ensures the Loan Review team validates the accuracy and timeliness of asset quality risk ratings, accrual status, and portfolio management requirements are met.
• Ensures that credit review examiners have analyzed and reviewed financial statements, cash flow analysis, third party reporting, industry trends, collateral condition and values, loan structure, and guarantor personal financial statements and tax returns.
• Ensures loan review examiner workpapers / linesheets are complete, accurate, documented, and provide credit analysis, opinions, and recommendations regarding credit risks.
• Manages and develops internal staff and supervises the daily activities of the team including, but not limited to, effective delegation of assignments, developing work schedules and providing necessary training. Establishes annual goals, performs performance appraisals, disciplinary actions, and interviews candidates for employment.
• Participates in due diligence reviews for portfolio acquisitions, and mergers.
• Supports regulatory examinations and internal audit engagements.
• Provides guidance or mentorship to junior staff.

QUALIFICATIONS

Education : Bachelor's degree in accounting, business administration, finance, or economics strongly preferred.

Experience :

Skills / Ability :

OTHER DETAILS

$140,000.00 - $165,000.00 / year

Pay determined based on job-related knowledge, skills, experience, and location.

This position may be eligible for a discretionary bonus.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

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Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

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Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or mickey.hsu@cathaybank.com . This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.