Description
The Senior Credit Officer (SCO) is generally responsible for supporting our “Statement of Credit Risk Appetite” and Loan Policy and Procedures. The Senior Credit Officer supports the maintenance and review of lending policies and procedures consistent with guidelines established by FCB. Provide credit support services to all commercial business lines, including C&I, Sponsor Finance, Dealer Floor Plan, SBA and Commercial Real Estate, as well as credit support to Consumer, Indirect, Business Solutions, Credit Cards, Mortgage, Treasury Management and Equipment Finance loans and leases.
Essential Job Responsibilities
1. Assists with the administration of the adjudication and loan portfolio management for each business line to ensure a proper mix of loan types, maximize yield, maintain quality control, and minimize losses.
2. Informs the Chief Credit Officer and Deputy Chief Credit Officer, of any material considerations affecting the loan portfolio, loan policy, and individual loan transactions.
3. Advises and guides lending officers and corporate leadership. Assists Chief Credit Officer, Deputy Chief Credit Officer, and Senior Credit Officers in assessing the overall soundness of the loan portfolio, advising on policy questions, business development and staff requirements as they relate to the lending function.
a. Supports a Region as assigned.
b. Supports loan officers on more complex and larger loans across footprint
c. Consults with and supports loan officers seeking to meet the needs of larger, more critical borrowers.
d. Assists in the training of loan officers, disseminates loan policies and procedures, and ensures that deviations from policy are corrected.
e. Works to ensure loan services are provided to loan officers, including credit analysis, evaluation of financial statements, credit investigations, and collection of past due loans.
4. Works with the Chief Credit Officer, Deputy Chief Credit Officer, and Senior Credit Officers to set strategy for problem loan accounts, monitors progress on workout plans and reaches resolution.
5. Recommends actions to be taken on loans to assign regulatory classification, set loss reserves and determine accrual status.
6. Ensures Watch List properly captures all problem credits. Works with Finance staff to ensure provision expenses and credit costs are recognized in the appropriate accounting periods.
7. Personally handles large, complex problem accounts as directed by the Chief Credit Officer, Deputy Chief Credit Officer, or Special Assets Manager.
8. Works with the Credit Analysis Department to assess risk and prepare materials used in the approval and review of credit exposure. Works with Credit Analysis Department to assign Risk Ratings on all existing and prospective customers. Interviews and hires potential credit analysts.
9. Works with the Secured Credit Department on all aspects of collateral administration, including valuing collateral, ordering and reviewing appraisals, trending advances on collateral against borrowing base limitations, conducting collateral audits, performing lien searches, administering advances on construction loans, tracking recover rates by collateral type and quantifying loss given default.
10. Supports the direction of the risk rating and the review of underwriting, documentation and administration of loan portfolios of the affiliates. Monitors Risk Rating migration.
11. Performs management related administrative tasks pertaining to the loan review schedule and planning.
12. Reviews, drafts and recommends policies and procedures for lending and credit administration. Ascertains the extent to which policies and procedures are properly followed; takes appropriate action to correct improper activities with respect to internal procedure, external regulation, etc. by performing the following:
a. Follows trends in the market place which relate to credit services financing; maintains a current awareness of market conditions, competitive rates and product designs,
b. Recommends adjustments in product lines in terms of product designs, rate, etc.
c. Maintains an accurate awareness of the credit quality of the portfolio and the inherent credit risk.
d. Continually reviews journals, articles, publications, and other material to review regulatory and legal changes pertinent to the credit/lending operation and to ensure that department policies and procedures comply with all applicable laws and regulations.
e. Works as a member of the credit services team to identify and correct problems relating to the lending function – customer service, internal operations credit control procedures, etc.
13. Produces reports and materials for the Board of Directors as directed by the Chief Credit Officer or Deputy Chief Credit Officer.
14. As directed by the Chief Credit Officer, or Deputy Chief Credit Officer, provides critical inputs needed for the preparation of the Allowance for Credit Losses (ACL).
15. Has extensive understanding of accounting terminology, financial analysis techniques and standards, and the process related to financial reporting. Maintains knowledge and skill sets.
16. Coordinates specific work tasks with other personnel within the unit or department as well as with other units and departments in order to insure the smooth and efficient flow of information.
17. Maintains a wide range understanding of bank terminology, process, and products.
18. Understands SOX, and other significant control related regulations. Understands and recognizes the inherent business risks facing the banking industry and the related controls. Has an extensive understanding of risk assessment concepts. Understands basic General and Application Controls.
19. Assists auditors and management in the development of process for maintaining business walk-throughs and highlighting the associated risks and controls. Understands and recommends control concepts to manager as they relate to business processes and risks.
20. Has familiarity with regulatory guidelines for key processes. Interfaces as needed and assists in representing the bank with regulatory authorities and external auditors.
21. Assures on an ongoing basis the timely completion full and interim credit risk assessments. Continually monitors the loan underwriting and approval processes.
22. Responds to loan review, internal reports, Committees and Regulators.
23. Assists in the preparation of the budget for Credit Administration annually and monitors year-to-date performance with respect to the budget monthly.
24. Performs the quarterly risk assessment to determine the level of credit risk.
25. Performs due diligence in relation to bank mergers and acquisitions.
Bona Fide Occupational Qualifications
1. Bachelor's degree or related equivalent experience. A master's degree, preferred.
2. Minimum of fifteen (15) years related experience and previous commercial and/or consumer credit department management in a production environment.
3. Thorough knowledge of current lending regulation, proficient interpersonal relation skills, working knowledge of bank operating policies and procedures and demonstrated leadership skills.
4. A valid driver's license and the ability to travel within our footprint.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
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