Under the direction of the Manager and Deputy Manager - Credit Review, this position is responsible for executing the independent credit review function that assists the Board of Directors and management of the company in the effective discharge of their responsibility to maintain a continuous awareness of credit risk and the effectiveness of its management throughout the Company.
Responsibilities include monitoring / testing the accuracy of assigned risk ratings; evaluating underwriting; reviewing for compliance to the company’s loan and lending policies, assessing problem asset administration; and critically evaluating the accuracy and effectiveness of credit risk management processes throughout the company. Assists in business unit’s compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act. In addition, this position is responsible for demonstrating the Excellence in Sales/Service (ESS) philosophy by participating in and practicing ESS disciplines and behaviors.
Participates in and/or manages credit risk reviews of business units throughout the organization to evaluate asset quality, to assess the accuracy of the credit risk identification process, and to determine the reasonableness of credit underwriting, administration and documentation processes.
Develops strategic credit risk assessments that determine the risk review plans; evaluates various models used for loss forecasting, portfolio stress testing and other targeted analysis; accesses and queries a multitude of databases; participates in new product development initiatives to ensure that appropriate credit risk issues are adequately addressed; identifies and communicates potential policy and/or operational improvements that will enhance credit quality; monitors and evaluates problem loan statistics to ensure that appropriate reporting of activity is occurring.
Understands pertinent regulatory issues and impact on credit risk. Monitors compliance with bank policies/procedures and Federal/State laws and regulations. May represent the company during Federal and State regulatory reviews.
Communicates the results of all risk reviews and monitoring activities with business unit managers. Prepares written reports for senior management that detail the findings including a final evaluation of portfolio asset quality and credit process management.
May negotiate results of risk reviews with business unit managers. May review and edit written reports prepared by other credit risk review staff members.
Researches, analyzes and prepares various loan quality information reports for senior management.
Determines whether follow-up risk reviews, target reviews, special investigations, or additional communications with examined business units are required based on credit issues identified.
Monitors the line-driven grading system by reviewing both loan requests and re-grade memos; validates the accuracy of risk ratings.
Establishes, fosters, and maintains working relationships with peers and line management within the business units to support an effective workflow while maintaining independence / objectivity. Provides advisory assistance to lending personnel regarding risk identification, underwriting and risk management practices.
Assists in the analysis to determine the adequacy of the reserve for credit losses. Prepares written reports for senior management, the Board of Directors and the company’s outside auditors.
Benchmarks “best practices” with peer institutions and makes recommendations to incorporate them into the company’s risk management processes, as appropriate
4 year College degree, preferably business-related or equivalent. Completion of a formal credit training program.
Over 7 years of experience in financial services or with a regulatory agency; demonstrated expertise in credit risk management including commercial and/or retail lending, credit administration, or credit review.
Advanced commercial and consumer credit analytical skills.
Good working knowledge of bank regulatory laws, policies and procedures.
Good working knowledge of bank credit policies and procedures.
Personal computer skills must include proficiency in the use of Microsoft Windows, Office and other related PC applications
Other Job Qualifications:
Strong verbal and written communication skills and presentation skills to all levels of management. Able to display a positive business presence and exercise sound judgment when interfacing with peers and management.
Bank of Hawaii - 12 months ago
Bank of Hawaii knows there's no place like home. The corporation is the holding company for Bank of Hawaii (familiarly known as...