Wholesale Portfolio Risk Officer III
Job ID
2024-4902
Category
Risk Administration
Type
Full-Time
Workplace policy
Hybrid
Overview
The Wholesale Portfolio Risk Officer, ensures the overall quality of the portfolio is maintained. Handles the client's financial needs, ensuring that the overall client experience is favorable and that the bank is in a position to expand the relationship. Takes the lead where debt product opportunities are identified and is accountable for all aspects of due diligence, underwriting, structuring and preparing the credit package for review and approval. Interfaces directly with the client and participates in building the client relationship. Additionally, to maintaining and updating as necessary credit policy and underwriting guidelines for debt products for this line of business.
Principal Duties & Responsibilities:
Given the lack of automated systems and lack of automated preliminary decisions by scheduled systems for portfolio loans, you will be responsible to make sound decisions within own lending authority and makes recommendations for loans requiring exception approval authority, based on your own independent analysis and interpretations of cash flows, and banking lending risk guidelines (100% manual non-automated portfolio- Commercial, Industrial Underwriting; Consumer Underwriting and Commercial Real Estate underwriting).
Responsible for the ongoing management of the Wholesale Risk portfolios including underwriting.
Manages relationships via a master portfolio report for tracking all renewals, annual reviews, servicing events, covenant checks and borrowing base reports by relationship.
Makes independent decisions on the creditworthiness of commercial clients of the Bank which includes: determining financial trends based on financial analysis; determining appropriate credit grading; determining, negotiating and finalizing appropriate credit structures; and providing independent recommendation of final credit decisions as per the Bank's credit policies and guidelines.
Work closely with lines of business to obtain supporting information and data to develop a consistent view of portfolio trends.
Drives analysis of wide-ranging business risks that have financial impact and provide insight into trends in portfolio performance and profitability.
Monitors portfolio activity for the following:
180 day Maturing Report
Upcoming and Past Due Servicing tickler reports
Upcoming and Past Due Financial Statement tickler reports
Interface with Collateral Control Department for monthly borrowing base reports and field exams as required per loan approvals
ACH Expiration Report
Remote Deposit Capture Report
Monthly Reconciliation of the loan policy exception waivers
Coordinates the requisition of upcoming financial statement requirements from clients in conjunction with Wholesale Banking Relationship managers.
Provides appropriate lead time to ensure compliance and to coordinate renewal or servicing timeframes are met.
Manages high volumes of documents (financial statements) for upcoming portfolio events until documents have been reviewed, ticklers updated and uploaded in Web Director.
Attends joint appointments.
Required to visit Clients at place of business.
Primary duties and responsibilities include Commercial and Industrial Underwriting and Commercial Real estate renewals and opening of new loans to render a lending decision, portfolio loans while maintaining quality control of new loans which is essential to the sound business operations of the bank.
- 5-7 years of small business banking credit risk and some small business lending experience.
- Completion of formal credit training.
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Strong communication and analytical/technical skills are required, including financial accounting and loan structuring.
Demonstrated business calling and negotiation experience are necessary.
Exposure to multiple business lines is required with experience at handling more complex transactions
Good interpersonal skills are required to deal with banking professionals with various skill sets, risk management staff, clients and auditors.
- Bachelor's Degree in a business-related major.
- Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
- Please view Equal Employment Opportunity Posters provided by OFCCP here.
- 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)
- Reasonable accommodation may be made to assist individuals with disabilities to complete the online application process. Please contact our Human Resources Department at 305-577-7680 or by e-mail at