Sr. Manager, Loan Review
WFA Digital Insight
As demand for skilled credit risk managers continues to rise, with a 25% increase in job openings over the past year, professionals with a strong background in loan review and credit analysis are in high demand. Raymond James is seeking a seasoned expert to join their team, leveraging their expertise to drive informed lending decisions. With the shift to remote work, companies are looking for candidates who can work independently and collaboratively in a digital environment. Before applying, candidates should be prepared to showcase their technical skills, business acumen, and ability to communicate complex ideas effectively.
Job Description
About the Role
The Sr. Manager, Loan Review position at Raymond James is a critical role that involves conducting thorough credit risk assessments and loan reviews to ensure the bank's lending practices are aligned with its risk appetite and regulatory requirements. As a key member of the loan review team, the successful candidate will be responsible for evaluating the creditworthiness of borrowers, analyzing financial statements, and identifying potential risks. This role requires a high level of technical expertise, strong analytical skills, and excellent communication abilities.The loan review team plays a vital role in maintaining the bank's credit quality and minimizing potential losses. The Sr. Manager, Loan Review will work closely with loan officers, credit managers, and other stakeholders to ensure that lending decisions are informed and prudent. This is a remote position, offering the opportunity to work from anywhere in the United States.
What You Will Do
- Conduct independent loan reviews to evaluate the creditworthiness of borrowers and ensure adherence to the bank's credit underwriting standards and regulatory requirements
- Develop quantitative analysis to assess credit risk at the portfolio level
- Analyze financial statements and other required data to ensure that risk ratings are appropriate and upgrades/downgrades are done in a timely manner
- Identify and discuss noted deficiencies and weaknesses with loan officers and managers, and recommend corrective actions
- Assist in preparing reports summarizing portfolio quality and risk issues, including recommended corrective actions
- Maintain a strong understanding of credit risk policies, regulatory expectations, and industry best practices
- Collaborate with cross-functional teams to improve the effectiveness and efficiency of credit risk analysis processes and methodologies
- Stay up-to-date with changes in regulatory requirements, industry trends, and emerging risks
- Provide training and guidance to junior team members as needed
- Participate in special projects and initiatives to enhance the bank's credit risk management capabilities
What We Are Looking For
- Bachelor's degree in Business, Economics, Accounting, or Finance
- At least 7 years of experience in CRE or C&I lending, credit/loan review, or a similar role requiring strong business knowledge and credit judgment
- Strong credit skills, including experience in Corporate Lending (CRE, REIT, C&I) and/or Private Bank Lending (Residential Mortgages, Securities Based Loans, and/or Structured Loans)
- Financial statement analysis skills, including a comprehensive understanding of balance sheet, income statement, and cash flow drivers impacting critical credit risk metrics
- Experience in evaluating or assigning risk ratings
- Knowledge of regulatory definitions and classifications of loans
- Working knowledge of lending practices, policies, procedures, disclosures, and terminology related to banking laws, regulatory requirements, and legal documents
- Well-developed interpersonal and written/verbal communication skills
- Strong organizational, time management, and follow-up skills
Nice to Have
- Experience with credit risk management software and systems
- Certification in credit analysis or a related field (e.g., CFA, CCE)
- Knowledge of data analytics and data visualization tools
Benefits and Perks
- Competitive salary
- Comprehensive benefits package, including medical, dental, and vision insurance
- Life insurance and critical illness insurance
- Opportunity to work remotely from anywhere in the United States
- Professional development and growth opportunities
- Collaborative and dynamic work environment
- Recognition and reward for outstanding performance
How to Stand Out
- Ensure your resume and cover letter are tailored to the loan review and credit analysis field, highlighting your technical skills and experience.
- Prepare to discuss specific examples of loan reviews you have conducted, including your analysis and recommendations.
- Familiarize yourself with the bank's credit risk management policies and procedures to demonstrate your understanding of the role and its requirements.
- Be prepared to explain your experience with financial statement analysis and risk rating assignments.
- Consider obtaining a certification in credit analysis or a related field to enhance your credibility and competitiveness for the role.
- Research the bank's culture and values to understand their expectations and how you can contribute to the organization's success.
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