BankUnited
Credit Review Officer - Remote
This job is now closed
Job Description
- Req#: 5001048110106
- Analyze and review credit files to determine the accuracy of assigned credit risk ratings. 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 and laws and regulations.
- Evaluate adequacy of and adherence to policies and procedures and sound banking practices.
- Identify and review credit weaknesses in loans and/or portfolios reviewed, including specialized or complex loans
- Independently recognize market, industry and portfolio trends and their impact.
- Identify and communicate emerging and existing portfolio risks on a frequent and timely basis to key stakeholders. Keep abreast of management strategies, trends, strengths and risks of assigned portfolios. Evaluate and report on assigned portfolios on a periodic basis by reviewing and discussing portfolio metrics with line management.
- Efficiently develop, monitor and validate Risk Issues to ensure appropriate Management Action Plan execution, timely remediation, and understanding of all outstanding risks within the portfolio.
- Conduct examination pre-planning tasks. These tasks include, but are not limited to, conducting management interviews, analyzing portfolio data, partnering with the Credit Review Data Analytics team, developing loan review samples and examination resource budgets, writing pre-exam memorandums and conducting examination kickoff meetings with the examination team.
- Assign and manage Credit Review Officer (CRO) workflow, ensuring fieldwork is completed with high quality and according to examination plans and budgeted timelines.
- Perform quality control reviews and ensure examination work papers, including electronic documentation, are comprehensive, complete and fully supportive of examination findings and conclusions. Adhere to and champion Credit Review quality controls.
- Consolidate examination findings, perform root cause risk analysis and develop formal recommendations to remediate risk concerns.
- Plan and lead line of business update and exit meetings.
- Effectively communicate examination findings and conclusions with management. Consider feedback and develop formal, clear and concise written Risk Issues where required. As appropriate, draft Credit Review Reports.
- Understanding of common structured Investment products (CLO/CMBS/RMBS) is beneficial, but not required
- Assist Credit Review leadership with training needs including, but not limited to, mentoring CROs, driving product quality and consistency and best practices.
- Make recommendations to improve examination or other 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 activity.
- Supervises function, projects or services and/or one or more employees, as applicable.
- Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws.
- Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance coaching; rewarding and disciplining employees; addressing complaints and resolving problems.
- Supervisory experience required
- 10+ Years Credit and credit analysis experience and have been involved in the analysis of complex corporate lending, commercial real estate, or related fields required, including specialized industries and products (eg Healthcare, Non-Depository Financial Institutions, leveraged lending) required or an equivalent combination of education, experience, and certification/designation required.
- Formal credit and audit principles training preferred preferred
- Prior credit review, bank examiner, complex underwriting, or problem loan workout experience preferred preferred
- Certified Public Accountant (CPA) preferred Or
- Chartered Financial Analyst (CFA) preferred Or
- BAI Loan Review Certification preferred Or
- RMA Credit Risk Certification (CRC) designation preferred
- National Bank Examiner (or similar regulatory title)
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 a Commercial Credit Review Group Manager, the Credit Review Officer conducts independent, objective and timely assessments of the condition of commercial and/or retail borrowers and loan portfolios or other 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. A CRO is expected to maintain a high level of communication during all activities and e.g., may lead update meetings with senior leaders, prepare and socialize reports and Risk Issues, monitor and report on associated Action Plans, and prepare for and lead introductory and/or exit meetings. CROs have responsibility for examination as well as monitoring activities and are expected to meet or exceed production standards (quantity and quality), monitor assigned portfolio(s), and communicate effectively within Credit Review as well as with line of business partners or other third parties.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned.
SUPERVISORY RESPONSIBILITIESEDUCATION
Bachelor's Degree and significant and relevant experience as a commercial loan officer, underwriter, credit reviewer, or similar or closely aligned function required Master's Degree preferred
EXPERIENCECERTIFICATES, LICENSES, REGISTRATIONSAbout the company
BankUnited provides a full range of online banking solutions, including personal, commercial, and small business financing, checking, savings and lending.