Credit Risk Review Manager

Description

JOB SUMMARY :

Responsible for assisting the Credit Risk Review (CRR) team in executing its mandate of providing a fully independent assessment of credit risk management (1st line) and control (2nd line) to the Board of Directors and stakeholders of Seacoast Banking Corporation of Florida (SBC). The primary goals of the Credit Risk Review Manager are the accurate and timely evaluation of credit ratings, credit practices and credit risk monitoring to ensure the proper identification and management of credit risk across SBC.

ESSENTIAL DUTIES AND RESPONSIBILITIES :

• Manage a team of approximately 3-5 full time employees and / or third-party contractors.
• Conduct regular risk assessments to assess the quantity of credit risk, quality of credit risk management, aggregate credit risk and direction of credit risk in accordance with regulatory guidance for an assigned portfolio of facilities.
• Assist in the planning, preparation, management and execution of credit reviews as directed.
• Supervise the execution of credit reviews for all divisions including, but not limited to, reviewing loan terms and structures, analyzing borrowers / guarantor / counterparty financial performance, assessing economic / industry operating environment, and other relevant risk factors.
• Assess the accuracy of regulatory classifications, internal risk ratings, probability of default (PD) and loss given default (LGD) analysis and recommend changes as necessary.
• Ensure all credit extensions have been made in compliance with lending policies, procedures and U.S. regulatory guidance and identify deficiencies in credit processes.
• Discuss potential issues with responsible account officers, credit officers, CRR management and other relevant stakeholders as necessary and / or directed.
• Prepare review reports of examination based upon CRR guidelines, as necessary.
• Verify adequacy of the Current Expected Credit Loss (CECL) process and reserve levels as necessary.
• Proactively recommend changes to credit policies and procedures as necessary.
• Maintain up-to-date knowledge of assigned industries and / or portfolios, regulatory policies and requirements and new / pending laws and regulations and their potential impact on the bank and CRR.
• Maintain a thorough understanding of bank compliance rules and regulations.

EDUCATION and / or EXPERIENCE

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