Commercial credit reviewer job description

Responsibilities

• Review CRE appraisals to ensure accuracy, compliance, and collateral risk mitigation
• Document work by providing review documents that describe and support conclusions.
• Perform corrective reviews when necessary
• Mitigate collateral risk by advising lending personnel on appraisal valuation issues
• Provide feedback, technical coaching and counseling to fee appraisers and review appraisers with respect to service level expectations in valuation assignments in terms of product quality, efficiency, and customer service
• Provide assistance to appraisal managers as necessary, including the preparation of evaluations, market analysis, sale/rent comp surveys, etc.
• Participate in the training and development of junior staff and support staff orientations
• Perform backup duties for other positions in the group as necessary
• Other duties and special projects may be assigned by senior management

Requirements

• Bachelor's degree
• 4+ years' of commercial appraisal experience
• Candidate must have current certified general California state appraisal license. Appraisal experience with different types of commercial real estate (multifamily, retail, office, industrial, hospitality, subdivisions, etc.) is desired
• This position requires excellent verbal/written communication skills with the ability to effectively communicate with all levels of personnel
• Oral/written communication- speaks clearly, professional in positive or negative situation, and writes clearly and informatively
• This position requires the ability to type 50wpm
• Applicant must be proficient with appropriate software, including Microsoft Excel, Microsoft Word, Adobe Acrobat, and Microsoft Outlook
• Ability to create and maintain advanced Microsoft Excel spreadsheets that contain various formulas
• Skilled with financial mathematics, including the ability to perform statistical analysis and discounted cash flow analysis with financial calculator and Microsoft Excel
• Additionally, the individual in this position must be highly flexible, proficient at multitasking, organized, and a self -motivated teamplayer

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Born digital, Axos Bank has reinvented the banking model and grown to over $15 billion in assets since our founding in 2000. With a broad and ever-growing range of financial products, Axos Bank is rated among the top 5 digital banks in the country! Axos Financial is our holding company and publicly traded on the New York Stock Exchange under the symbol "AX" (NYSE: AX).

We bring together human insight and digital expertise to anticipate the needs of our customers. Our team members are innovative, technologically sophisticated, and motivated to achieve.

Learn more about working here!

Pre-Employment Drug Test:

All offers are contingent upon the candidate successfully passing a credit check, criminal background check, and pre-employment drug screening, which includes screening for marijuana. Axos Bank is a federally regulated banking institution. At the federal level, marijuana is an illegal schedule 1 drug; therefore, we will not employ any person who tests positive for marijuana, regardless of state legalization.

Equal Employment Opportunity:

Axos Bank is an Equal Opportunity employer. We are committed to providing equal employment opportunities to all employees and applicants without regard to race, religious creed, color, sex (including pregnancy, breast feeding and related medical conditions), gender, gender identity, gender expression, sexual orientation, national origin, ancestry, citizenship status, military and veteran status, marital status, age, protected medical condition, genetic information, physical disability, mental disability, or any other protected status in accordance with all applicable federal, state and local laws.

Job Functions and Work Environment:

While performing the duties of this position, the employee is required to sit for extended periods of time. Manual dexterity and coordination are required while operating standard office equipment such as computer keyboard and mouse, calculator, telephone, copiers, etc.

The work environment characteristics described here are representative of those an employee may encounter while performing the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.

Since 1973, East West Bank has served as a pathway to success. With over 120 locations across the U.S. and Greater China, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates' potential for career advancement.

Headquartered in California, East West Bank (Nasdaq: EWBC) is a top performing commercial bank with an exclusive focus on the U.S. and Greater China markets. With a strong foundation, and enterprising spirit and a commitment to absolute integrity, East West Bank gives people the confidence to reach further.

East West Bank is currently seeking a Credit Reviewer. The Credit Reviewer will conduct loan and credit file reviews to assess the adequacy and effectiveness of the Bank's credit risk management policies and processes (e.g., loan classification, loan risk grading, identification of potential credit weaknesses, etc.

+ Attempt to obtain all possible evidence through loan files, Relationship Managers, and management prior to determining risk rating differences; explain IAR's position in a factual, non-judgmental, and unbiased manner. Note: given the same facts, two equally qualified professionals may come to different conclusions;

+ Ensure that the results of asset reviews are adequately documented and the conclusions reached are sufficiently supported so that work papers (e.g., lineslips or other standardized template) should be complete and self-explanatory to an equally-qualified credit reviewer and internal and external auditors;
+ Be knowledgeable of IAR policies and procedures;

+ Be knowledgeable of the Bank's lending policies, guidelines and practices;

+ Be aware of applicable federal and state banking regulations related to credit risk management and governance to identify gaps in the Bank's credit and underwriting policies and procedures;

+ Knowledgeable of the Bank's loan products and applicable policies and procedures of the Bank related to credit and underwriting;

+ Perform continuous monitoring of product-based portfolios, as assigned;

+ Understand the importance of building rapport with Relationship Managers and their teams, and other departments of the Bank in order to conduct asset reviews in a professional and efficient manner with minimal disruption to the Bank's operations;

+ Understand that the impact of regulatory, economic and industry developments may significantly affect the risk profile of the Bank's credit portfolio;

+ Execute on special projects and other assignments, as assigned.

+ Must have actual prior underwriting and lending experience in C&I loans;

+ Internal transfers preferred;

+ Bachelor's or Master's degree, preferred in Accounting, Finance, Business, Economics, or other related fields; other industry recognized professional certifications;

+ Experience in financial services or with a regulatory agency; demonstrated expertise in credit risk management including commercial lending, credit administration, or credit review;

+ Must have a clear understanding of credit principles and strong analytical skills in, including but not limited to, cash flows (both operating and guarantor/sponsor level), perfecting collateral/security interests based on the review of documents (e.g., problem loan reports, operating statements, rent rolls, personal financial statements, tax returns, credit reports, appraisal reports, property inspections, broker price opinions, asset-based collateral reports, title insurance policies, payment histories and loan workout plans, loan documents, etc.);

+ Strong verbal and written communication skills. Must be aware of the need to identify and describe weaknesses noted during reviews including, but not limited to, underwriting, monitoring, collateral and documentation in order to provide support for decisions to upgrade or downgrade loans during the review, and render a conclusion on the portfolio examined, as well as make recommendations for the improvement of the underwriting and credit administration processes;

+ Personal computer skills must include proficiency in the use of Microsoft Windows, Office and other related PC applications;

+ Aware of the need to work in other areas of Internal Audit to support the broader audit function by leveraging credit knowledge to the best use of the department;

+ Aware of the importance of building credible relationships with management and external parties (i.e., examiners, external auditors, vendors, etc.);

+ Aware of the concept of the review planning memoranda including identifying and evaluating key risks, setting review scope, determining budgets and staff assignments;

+ Be open to new ideas and flexible in adapting to new processes and procedures;

+ Ability to work in, and contribute to, a collaborative, team-oriented work environment;

+ Must have the ability to develop detail-oriented skills in order to preparation work papers to ensure the factual accuracy of all findings/grade differences and that the work papers meet department standards;

+ Must be organized and self-motivating;

+ Must have the ability to meet deadlines;

+ Ability to recognize the develop project management skills with the potential to manage multiple tasks concurrently, with a high sense of urgency, to meet budgets and deadlines;

+ Ability to recognize the importance of sound judgment in assessing potential findings for significance.


Street: 135 N Los Robles Ave

Who we are looking for

We are looking for a Global Credit Review, Vice President, versatile and talented business professional to join our Global Credit Review Team, within Corporate Audit Division. As part of our leadership team, you will be responsible for overseeing our continuous monitoring program through the execution of detailed assessments and development of innovative analytics. You will participate in the execution of targeted credit review examinations, and provide independent assurance over State Street's credit risk practices executed in the first and second lines of defense.

Your scope of coverage will include traditional credit lending, counterparty credit risk (i.e., trading book activity) and non-traditional activities that may give rise to credit risk. Additionally, you will be responsible for ensuring credit risk practices are executed in line with regulatory expectations / requirements across the various jurisdictions where State Street operates.

In this role you will be based out in Boston, Massachusetts.

This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Global Credit Review, Vice President you will:

• Conduct independent risk analyses and assessments of the Bank's credit products and processes.
• Maintain and oversees the continuous monitoring approach to ensure portfolio risk is understood, properly managed, emerging risk are identified and concerns are appropriately escalated/actioned.
• Engage with business partners at various levels, including executive management.
• Develop appropriate data analytic tools to be used across the Global Credit Review team (e.g., portfolio monitoring, portfolio sampling, test execution).
• Prepare and deliver periodic updates to senior governance committees.
• Serves on relevant committees and participate/lead in a variety of task force assignments.
• Participate in / leads Global Credit Review examinations evaluating the effectiveness of credit processes and guidelines, identifying gaps and recommending improvements and changes as appropriate.
• Act as a subject matter expert / point of contact for business partners.
• Provide mentoring to more junior members of the team.

What we value

These skills will help you succeed in this role:

• Strong leadership skills and project management.
• Demonstrated ability to evaluate complex credit relationships.
• Experience with leveraged loans, commercial real estate loans, capital markets and / or collateral management is preferred.
• Excellent interpersonal communication, organizational and writing skills, as well as proficiency with financial modeling, portfolio analytics and data analysis.
• Proven ability to work independently and within a team.

Education & Preferred Qualifications

• 10+ years of experience within a financial services organization, focused on credit and / or capital markets risk management.
• Bachelor degree in Business, Finance or related field.
• Advanced degree, professional certification or formal bank credit training preferred.

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

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