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Citizens · 21 hours ago

Sr. Real Estate Risk Reviewer

Pittsburgh, PA

Full-time

Hybrid

Senior Level, Lead/Staff

$91K/yr - $150K/yr

10+ years exp

Citizens is a financial institution that is seeking a Senior Real Estate Risk Reviewer to perform independent commercial real estate appraisal reviews on high complexity/risk properties. The role involves managing risks associated with the appraisal process, ensuring compliance with regulatory requirements, and providing customer service to internal and external stakeholders.

BankingCredit CardsFinancial ServicesFinTechRetail

No H1B

Responsibilities

Perform independent commercial real estate appraisal reviews on high complexity/risk properties

Ascertain compliance of appraisal reports with the applicable Citizens scope of work and federal regulatory requirements and guidance including, but not limited to: Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA; 12 USC 3331, et seq.) and the implementing regulations promulgated thereunder by the Office of the Comptroller of the Currency (OCC) at 12 CFR Part 34 ("Real Estate Lending and Appraisals")

Manage risks associated with the commercial real estate appraisal and evaluation process for a given geographic market and/or assigned lending groups

Supervisory responsibilities may include administrative supervision and required process oversight, including adherence to internal policies and procedures to ensure regulatory compliance and appraisal industry requirements for assignments

Real estate risk identification, quantification and consulting (including discounted cash flow (DCF) analysis) for the various commercial lending and credit functions throughout Citizens

Perform independent commercial real estate appraisal reviews of high complexity/risk properties including memorializing such review in a comprehensive written format for the benefit of internal customers (Relationship Managers/Portfolio Managers; Credit Officers)

Assist in the scoping and engagement of commercial appraisal/evaluation assignments, including third-party vendor selection, analysis type, report content, report format and contract authorization in accordance with policies and procedures

Interact with senior management of Wholesale Credit Risk and Commercial Lending regarding projects especially for those properties that represented a higher degree or real estate risk or otherwise have identified appraisal issues or concerns

Manage vendor relationships

Provide direct, responsive customer service to external vendors and internal customers (i.e., Relationship Managers/Portfolio Managers; Credit Officers) that RERS supports and serve as the primary liaison and point-of-contact with both internal customers and external vendors regarding regulatory requirements, identification and explanation of any issues of concern, and development/application of any potential risk mitigants

Qualification

Risk AssessmentRegulatory EnvironmentReal Estate AppraisalAnalytical ReasoningDue DiligenceRisk Exposure CalculationAdvisingCustomer ServiceCritical ThinkingBuilding RelationshipsCommunicating EffectivelyTeam PlayerProject ManagementFlexibility

Required

10+ years' experience in diversified commercial appraisal experience and/or appraisal review positions

May either maintain or be pursuing their (MAI) designation

Thorough knowledge of real estate appraisal and valuations techniques as well as local, regional and national real estate market understanding

Self-motivated and disciplined

Ability to work autonomously with limited direct supervision

Excellent written and verbal communication skills

Thorough understanding of USPAP, FIRREA and Interagency Appraisal and Evaluation Guidelines

Strong analytical and organizational skills

Strong oral and written communication skills

Ability to work as a team player

Ability to manage numerous projects simultaneously

Flexibility and willingness to assume responsibilities for projects and tasks as assigned

Bachelor's Degree or Greater is required

Certified General Real Estate Appraiser or equivalent appraisal experience

Preferred

MAI preferred

Strong working knowledge of PCs; Word, Excel and Access skills preferred

Benefits

Comprehensive medical, dental and vision coverage

Retirement benefits

Maternity/paternity leave

Flexible work arrangements

Education reimbursement

Wellness programs

Paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States

Company

Citizens

Glassdoor3.6

At Citizens, we recognize that the journey to accomplishment is no longer linear and that individuals are made of all they have done and all they are going to do.

Founded in 1828

Providence, Rhode Island, USA

10001+ employees