NPAworldwide · 3 weeks ago
Director of Credit Risk Management
Allentown, PA
Full-time
Onsite
Director/Executive
$185K/yr - $275K/yr
10+ years expNPAworld is seeking an extraordinary leader for the role of Director of Credit Risk Management. The successful candidate will oversee the credit risk management function, ensuring compliance with regulations and enhancing risk-return trade-offs while managing a team and reporting to senior executives.
Recruiting
Responsibilities
Provide in-depth evaluations of individual loan quality, portfolio quality, loan documentation adequacy, compliance with loan policy, compliance with federal and state regulations and evaluate concentrations of credit for all loan portfolios
Advise on credit risk within enterprise-wide strategies
Advance and employ vigorous risk management policies, procedures, and frameworks in alliance with regulatory requirements and industry best practices
Work in partnership directly with senior management, involving the Chief Credit Officer, to enhance risk-return trade-offs and reinforce strategic decision-making
Present to Board level committees and senior executives
Contribute in annual risk appetite reviews, particularly concerning establishing, back testing and calibrating credit metrics, limits and KRIs
Manage the Residential Mortgage Quality Control process, quarterly reports and annual policy approval
Safeguard the timely and precise reporting of risk metrics, key risk indicators (KRIs), and risk appetite metrics to senior management and applicable committees
Provide the Board of Directors and Executive Management with unbiased and timely reporting on credit risk
Support long- and short-term planning, new product development and risk management meetings
Manage a team presently comprising of Portfolio Analytics Officer, Loan Review Manager and Residential Mortgage Quality Control Manager
Interact with industry peers via meetings, events and participation with trade organizations to better identify emerging risk trends and credit products
Measure the validity of the assumptions and the tolerability of specific loan loss reserve provisions for corresponding credits in accordance with Topic 310-40 (formerly FAS 114) and the suitability of the general adequacy of the banks Allowance for Loan and Lease Losses through FAS 5 calculations
Administer and supervise commercial industry concentration limits policies and procedures
Stay abreast of market developments, regulatory changes, and industry trends impacting financial risk management, providing insights and recommendations to senior leadership
Contribute to the early warning processes for problem loan identification by anticipating applicable trends that affect the collectability of loan payments from problem loans. Execute a continuing assessment of loan policy relevance
Promote and uphold effective relations with regulators, auditors, and external partners, guaranteeing compliance with regulatory requirements and audit standards
Deliver strategic guidance and guidance to the Chief Risk Officer as well as the Chief Credit Officer advancing a culture of excellence, collaboration, and continuous improvement
Throughout the active supervision of the Loan Review Department, independently validate loan grade assignments.Adversely categorize those credits identified with potential weakness and those credits identified with well-defined credit weaknesses that risk loan repayment
Accountable for credit risk analytics, monitoring, and reporting and related procedures
Evaluate the underwriting practices and activities of lending employees, counting the compliance with lending policies, the quality of loan approvals, monitoring of loan terms and conditions, and credit risk assessment and the prompt identification of problem loans
Answerable for compliance with laws and regulations that concern to this role
Assess borrower performance relative to the terms and conditions of the loan agreement. Supervise the process, policy, scope, and presentation of audit results
Supervise monthly commercial delinquency list for risk rating exactness
Supervise the institutions Reg O annual approval and reporting process
Dynamically contribute to regulatory examinations as requested
Lead the advancement and execution of stress testing, scenario analysis, and sensitivity testing frameworks to evaluate the resilience of the bank's portfolios under numerous economic circumstances
Execute comprehensive portfolio analysis & assessment of risk exposures along with, identifying emerging risks and prospects
Qualification
Required
10 or more years related credit underwriting experience, at minimum five of which should be in a senior leadership capacity in a similar role, with competence in loan documentation and securing collateral interests of the bank
Bachelors degree required in finance, accounting or associated discipline, with formal credit training in a regional bank or regulatory environment with vast expertise of commercial credit
Sophisticated knowledge of underwriting, structuring, covenanting and risk rating commercial loan transactions
Robust, well-mature relational skills, along with exceptional organizational and analytical skills needed to maintain an independent perspective obtained via fact-based examination and models of performance
Established leadership proficiency, with the ability to supervise and develop teams, exercise sound judgment, and think strategically to solve complex problems
Robust comprehension of credit risk principles, regulatory requirements, and industry best practices
Company
NPAworldwide
NPAworldwide is a global recruiting network that facilitates placements that result in split fees.
2-10 employees
Funding
Current Stage
Early StageRecent News
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