Director of Loan Review

Job Summary

The Director of Loan Review is responsible for leading the independent loan review function for the Bank and providing objective assessment of credit quality, underwriting practices, risk rating accuracy, policy compliance, and portfolio trends. This role serves as a key component of the Bank's overall risk management framework and is expected to proactively identify emerging credit risk issues, evaluate the effectiveness of credit administration processes, and communicate findings clearly to executive management and the Board of Directors.

The Director of Loan Review operates independently from loan production and credit approval functions and is expected to maintain strong working relationships across business lines while providing credible challeng and objective oversight consistent with regulatory expectations for institutions supervised by the Federal Reserve System. 

 

Key Responsibilities / Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Lead the Bank's independent loan review strategy in accordance with regulatory guidance, Board-approved policies, and industry best practices, including:
  • Developing and executing a comprehensive, risk-based annual loan review plan approved by executive management and the Board, or committee thereof.
  • Ensuring loan review coverage is sufficient to evaluate material portfolios, higher-risk lending activities, and proactively indentify emerging areas of concern.
  • Maintaining methodologies, work programs, and reporting practices consistent with supervisory expectations and internal standards.
  • Overseeing loan review scheduling, scoping, testing procedures, file documentation, and issue tracking. 
  • Coordinating and leading outsourced loan review partners to conduct and report loan review work in accordance with bank expectations. 
  • Conducting periodic quality control analyses of outsourced loan review results for adequacy. 
  • Conducting loan review analyses to identify systemic weaknesses in underwriting quality, portfolio management, servicing, or credit administration processes and recommending corrective actions. 
  • Assessing the accuracy and timeliness of risk ratings and ensuring criticized/classified assets are appropriately identified. 
  • Coordinating and communicating findings and corrective action activities with the line of business and market presidents. 
  • Ensuring timely validation of management action plans and remediation efforts. 
• Serve as primary liaison with regulators and external parties regarding loan review activities. Support examinations and audits through timely and accurate information sharing. 
• Maintain awareness of changes in regulatory expectations, accounting standards, and industry practices impacting credit risk assessment. 
• Review adequacy of the Allowance for Credit Losses (ACL/CECL) support related to credit quality trends and risk identification. 
• Prepare clear, concise, and actionable reporting on observations, trends, and emerging risks for executive management, Board committees, and regulators. Communicate findings in a constructive and collaborative manner while maintaining independence and objectivity. 
• Escalate significant credit concerns policy expectations, deterioration trends, or control weaknesses to the Chief Risk and Chief Credit Officer on a timely basis. 
• Foster strong working relationships with Credit Administration, Lenders, Risk Management, Finance, Internal Audit, Compliance, and executive leadership. 
• Lead, mentor, and develop loan review personnel to maintain a high-performing and credible independent review function.
• Promote a culture of accountability, professionalism, collaboration, and continuous improvement.
• Encourage effective communication and partnership across all lending and risk functions. 
• Provide leadership of assigned team by leading efforts in recruitment, interviewing, and training employees. 
• Plan, assign, and direct departmental work that aligns with the Company's strategic direction.
• Set realistic and measurable performance goals and ensure employees have appropriate professional development opportunities. 
• Effectively manage performance by providing consistent feedback and assisting employees in meeting established company standards and expectations.
• Maintain confidentiality and security of sensitive information.
• Adhere to all corporate policies and procedures, Federal and State regulations, and laws.
• Complete all mandatory annual compliance training.
• Follow regulatory requirements including those pertaining to the Bank Secrecy Act (BSA), Anti-Money Laun