BankUnited
Retail Credit Review Officer - Miami, NY or Remote
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Job Description
- Req#: 5001093740406
- Excellent verbal and written communication and interpersonal skills with ability to effectively communicate including providing effective challenge and delivering examination/monitoring findings and conclusions with peers, management, and senior leaders. Build and maintain relationships with senior leaders and stakeholders while maintaining independence.
- Conducts and manages examination and ongoing portfolio monitoring including management interviews, monitoring emerging risk, and analyzing portfolio data.
- Manages examination activities, including but not limited to: sample identification, pre-exam memos, coordinating meetings with line of business partners, managing timelines, performs review of reviewer's work, and report writing.
- Analyzes and review credit files to determine the accuracy of assigned credit risk ratings. Identify, review and report on potential credit weaknesses in loans and/or portfolios. Review may include analysis of the borrower's financial statements or other information, evaluation of the source(s) of repayment and the potential for default, reviewing financial statement and/or collateral documentation, and determination of compliance with the bank's lending policies/procedures, laws and regulation and sound banking practices.
- Manages a post-loan acquisition assurance process of residential loans; analyzing 3rd party vendor output, prepares final reports and communicates results to a senior level committee.
- Consolidates examination findings, considers feedback and develops formal, clear and concise Risk Issues to remediate risks; effectively communicates findings and conclusions with management. Monitor and validate Risk Issues to ensure appropriate Management Action Plan execution, timely remediation and sustainability.
- Provides ongoing monitoring for assigned portfolios. Independently recognize market, industry and portfolio trends, management strategies, trends, strengths, risks, etc. of portfolio. Evaluate and report on assigned portfolios periodically with line management.
- Perform quality control reviews and ensure all documentation is comprehensive, complete, and fully supports findings and conclusions. Adheres to and champions Credit Review quality control standards.
- Assists Credit Review leadership with training needs including, but not limited to: mentoring other CROs, driving product quality and consistency, and best practices. Makes recommendations to improve Credit Review processes.
- May participate and/or lead assigned special projects as needed.
- Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti- money laundering (i.e., Bank Secrecy Act, US PATRIOT Act, etc.).
- Adheres to Bank policies and procedures and completes required training.
- Identifies and reports suspicious
- Identifies and reports suspicious
- May serve as activity lead. Provides support and guidance to staff and provides high quality assessments while meeting deadlines. Provides feedback on staff performance to Credit Review leadership.
- Minimum Bachelor's Degree.
Advanced Degree preferred.
- Experienced credit professional with a minimum of 10 years of consumer (residential lending) and/or small business credit experience, preferably with a background in consumer credit underwriting
- Demonstrated understanding of consumer and commercial credit risk management, retail and commercial credit principles, financial analysis and strong analytical skills
- Experience in a credit or loan review department and formal credit training preferred
- Experience as a Bank examiner preferred
- Graduate degree and/or professional certification, and supervisory experience preferred
- National Bank Examiner (or similar regulatory title)
- Chartered Financial Analyst (CFA)
- BAI Loan Review Certification
- RMA Credit Risk Certification (CRC) designation
- Certified Public Accountant (CPA)
Who We Are
BankUnited (NYSE: BKU) is a national bank headquartered in Miami Lakes, Florida with banking centers in Florida, the New York metropolitan area, Dallas and Atlanta. BankUnited has two subsidiaries, Pinnacle Public Finance headquartered in Scottsdale, Arizona and Bridge Funding Group headquartered in Hunt Valley, Maryland. We pride ourselves on our entrepreneurial and collaborative culture encompassing the best minds, the brightest talent and the boldest decision makers.
BankUnited is honored to announce that we have been included on the Newsweek and Statista America’s Most Trusted Companies Award List!
BankUnited has been recognized by Newsweek for two outstanding awards in 2023 as one of America’s Greatest Workplaces and as one of America’s Greatest Workplaces for Job Starters , which acknowledges our commitment to creating an exceptional workplace.
Our Culture
At BankUnited, we foster a diverse and inclusive environment where all employees have the opportunity to advance, grow and achieve their goals. Our rally cry is to GO FOR MORE™, a call to action to go above and beyond to provide the best customer experience to every client and to GO FOR MORE in your career.
Why BankUnited
Working for BankUnited offers you exciting challenges and opportunities to advance your professional development, while empowering you to deliver and be your best. We are happy to report the average tenure according to LinkedIn insights is 8.3 years. We strive to provide a competitive benefits plan to our employees and are proud to have been nationally ranked #1 as one of the 2023 Healthiest 100 Workplaces in America by Springbuk and awarded HEALTHIEST EMPLOYER by the South Florida Business Journal since 2020.
As a company, we believe we are only as successful as our people and are committed to providing training and innovative resources that prepare you to reach your full potential. That's why in addition to tuition reimbursement, we provide our employees with exciting career coaching, courses and training through our own GO FOR MORE™ Academy and mentoring opportunities through our iCARE™ (Inclusive Community of Advocacy, Respect and Equality) program.
At BankUnited, we strive to provide our employees with a work life balance. Specifically, retail branches operate 5 days a week Monday – Friday, excluding evening and/or weekend hours. For many of our positions, we offer a hybrid work environment, as well as a remote work environment for designated positions.
If you thrive in a fast-paced collaborative work environment, Apply Now and start your journey with BankUnited today!
Job Description
SUMMARY: Reporting to the Retail Credit Review Group Manager, the Credit Review Officer (CRO) provides credit risk assurance for residential, mortgage warehouse lending, and small business banking retail products including Small Business Administration - SBA, commercial credit cards, Homeowners Association-HOA and municipal loans. May also support review and examination of commercial loan portfolios (up to 50% of time). Credit Review conducts independent, objective and timely assessments of the condition of credit risk exposure and credit risk management practices through the identification, evaluation, measurement and reporting of the level and type of credit risk and the effectiveness of portfolio oversight. The position may be responsible for scoping, planning, conducting and documenting activities, drafting reports, and providing guidance and support to management and peers. CROs have responsibility for examination as well as ongoing monitoring activities for assigned portfolios. Must maintain a high level of communication during all activities and may plan and lead meetings with senior leaders. Prepare, socialize, deliver reports, and Risk Issues as well as monitoring and validating their progress. Expected to meet or exceed production standards (quantity and quality) and communicate effectively within Credit Review and across the organization.ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned.SUPERVISORY RESPONSIBILITIESEDUCATIONEXPERIENCECERTIFICATES, LICENSES, REGISTRATIONSSalary Range $120,000 - $165,000
About the company
BankUnited provides a full range of online banking solutions, including personal, commercial, and small business financing, checking, savings and lending.