Director of Loan Review

We are seeking a dynamic and seasoned leader to formally establish the Bank’s internal Loan Review department as part of the second line of defense Risk Management function under the purview of the Chief Risk Officer.  As a direct report of the Chief Risk Officer, the Director of Loan Review will assume a key role in developing, implementing and maturing the Loan Review function in alignment with the Bank’s strategic objectives, size and complexity, credit risk appetite, and regulatory expectations.   This role is responsible for ensuring that Loan Review operates independently from Credit Administration and Lending, with appropriate reporting to senior management and the Board.

This will include developing appropriate Loan Review Policies, Risk Assessments and Reporting while leveraging analytical tools and techniques to facilitate the effectiveness of the function.  The Director will oversee risk-based and adequate coverage of the loan portfolio, and assessing loan rating accuracy, quality of loan underwriting, adherence to policy and monitoring requirements.  The individual will define the vision and direction needed to manage Loan Review in alignment with sustainable growth within the credit portfolio and in support of its credit risk profile.   The role will require strong governance, oversight, regulatory engagement, collaboration with key stakeholders, integrative thinking, and leadership to build a sustainable, high-performing Loan Review team.   This individual will be experienced in working cross-functionally across business lines and with Internal Audit and external parties supporting Loan Review activities.

 

Duties/Responsibilities:


* Establish, lead, and maintain the independent and objective Loan Review function ensuring the oversight of risk rating accuracy, assessing credit quality and underwriting in adherence to Loan Policy and regulatory expectations. 


* Manage the development, implementation, and execution of a risk-based and comprehensive loan review program, including policy, risk assessment, scope and methodology to assess the quality and risk of the loan portfolios.


* Lead, mentor and develop internal loan review talent providing guidance and support for performance and professional growth.


* Manage and oversee any related external outsourcing/vendor relationships which provide assistance to the Loan Review function. 


* Coordinate and oversee the day-to-day activities of loan reviewers to ensure timely and accurate completion of reviews.


* Conduct in-depth reviews of complex loans and loan portfolios, evaluating adherence to lending policies, the Bank’s credit risk appetite and regulatory standards.


* Reviews loan review reports on all area commercial loan officer’s portfolios and discuss loan grades that are different from those assigned by the loan officer, documentation and/or financial statement deficiencies discovered, and any potential concerns with portfoli...