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Credit Risk Review Manager
Credit Risk Review ManagerSeacoast Bank • Stuart, FL, US
Credit Risk Review Manager

Credit Risk Review Manager

Seacoast Bank • Stuart, FL, US
30+ days ago
Job type
  • Full-time
Job description

Job Description

Job Description

  • This role is for immediate hire

JOB SUMMARY :

Responsible for assisting the Credit Risk Review (CRR) team in executing its mandate of providing a fully independent assessment of credit risk management (1st line) and control (2nd line) to the Board of Directors and stakeholders of Seacoast Banking Corporation of Florida (SBC). The primary goals of the Credit Risk Review Manager are the accurate and timely evaluation of credit ratings, credit practices and credit risk monitoring to ensure the proper identification and management of credit risk across SBC.

ESSENTIAL DUTIES AND RESPONSIBILITIES :

  • Manage a team of approximately 3-5 full time employees and / or third-party contractors.
  • Conduct regular risk assessments to assess the quantity of credit risk, quality of credit risk management, aggregate credit risk and direction of credit risk in accordance with regulatory guidance for an assigned portfolio of facilities.
  • Assist in the planning, preparation, management and execution of credit reviews as directed.
  • Supervise the execution of credit reviews for all divisions including, but not limited to, reviewing loan terms and structures, analyzing borrowers / guarantor / counterparty financial performance, assessing economic / industry operating environment, and other relevant risk factors.
  • Assess the accuracy of regulatory classifications, internal risk ratings, probability of default (PD) and loss given default (LGD) analysis and recommend changes as necessary.
  • Ensure all credit extensions have been made in compliance with lending policies, procedures and U.S. regulatory guidance and identify deficiencies in credit processes.
  • Discuss potential issues with responsible account officers, credit officers, CRR management and other relevant stakeholders as necessary and / or directed.
  • Prepare review reports of examination based upon CRR guidelines, as necessary.
  • Verify adequacy of the Current Expected Credit Loss (CECL) process and reserve levels as necessary.
  • Proactively recommend changes to credit policies and procedures as necessary.
  • Maintain up-to-date knowledge of assigned industries and / or portfolios, regulatory policies and requirements and new / pending laws and regulations and their potential impact on the bank and CRR.
  • Maintain a thorough understanding of bank compliance rules and regulations.
  • EDUCATION and / or EXPERIENCE

  • Bachelor’s degree in Finance, Accounting, Economics, or Business Administration or equivalent work experience is necessary. MBA or financial certification (CFA, FRM, etc.) is highly desirable.
  • Successful completion of a formal financial services credit training program preferred.
  • Approximately 15-20 years' experience in credit, credit review and / or credit administration with a financial institution and / or U.S. regulatory agency (OCC, FRB, etc.). Experience at both is highly preferred.
  • Ability to assess and provide objective insight on various credit processes.
  • Familiarity with a variety of credit products (e.g. corporate credit, commercial real estate, residential mortgages, consumer retail financing, etc.) and willingness to lean new credit products.
  • Ability to work independently with minimal supervision.
  • Excellent interpersonal, communication (verbal and written) and negotiating skills.
  • Proficient in Microsoft Office Suite required; familiarity with SQL, Python or other data analytics tools a plus.
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    Credit Risk Manager • Stuart, FL, US

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