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Position Summary

The Director of Corporate Credit Risk oversees the bank’s loan loss reserve and CECL (Current Expected Credit Loss) modeling processes, leveraging accounting and risk data models. This leader will play a crucial role in ensuring accurate loan portfolio analytics and credit modeling, using Moody's models to assess asset quality and risk. Additionally, this role will manage a dynamic team responsible for producing asset quality reports, PowerBI development, and credit system administration. The role requires collaboration with multiple departments and ownership of the relationship with Moody’s, which is integral to credit portfolio modeling.

Key Job Functions

• Directs creation and execution of methodologies to identify, measure, monitor, and control credit risk.
• Direct the bank’s efforts in CECL modeling and loan loss reserve estimation, ensuring compliance with regulatory requirements and accuracy in financial reporting.
• Conduct detailed analysis, utilizing sophisticated analytical and financial modeling and statistical techniques to predict, evaluate, and manage the credit risk across various loan portfolios.
• Assesses lending product/portfolio performance specific to credit loss and financial elements.
• Provides guidance on product credit quality performance and potential loss
• Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled.
• Identifies and manages existing and emerging risks that are identified in the course of performing the job role.
• Engages with bank leaders to ensure that credit risk policies are aligned with the continually changing credit environment and maintains dialogue with other stakeholders such as Risk and Compliance.
• Maintains knowledge of regulatory environment and promotes compliance.
• Provides reports to first line of defense business unit managers to inform them of their level of effectiveness and to engage with them to obtain effective responses for any noted risk-management deficiencies.
• Provides reports and data to Senior Management, aimed at informing, helping support accountability for execution, and in support of the enterprise risk management program.
• Provides summary reports and opinions of management effectiveness for credit risk management to Senior Management or a Board designated committee.
• Evaluates the adequacy and execution of the bank’s credit risk culture, policies, procedures, and processes.
• Leads credit risk identification and assessment process on acquisition opportunities.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

       Skills

• Ability to read and interpret documents such as procedure manuals, general business correspondence and/or journals or government regulations
• Ability to read, analyze and interpret financial report and/or legal documents
• Ability to write routine reports, procedures and business correspondence
• Ability to respond in writing to customer complaints, regulatory agencies or member of the business community
• Ability to effectively present information in one-on-one and small group situations, to customers, clients and other employees in the organization
• Ability to effectively present information to top management, public groups and/or boards of directors

       Education and/or Experience  

• BS/BA in Finance. Accounting, Economics or related field. MBA is preferred
• 6-8 years of experience in Credit Risk Management, CECL modeling, loan loss reserve estimation and portfolio analytics

       Computer Skills 

• MS Office programs  
• Experience working with Moody’s models for credit risk assessment.

       Certificates, Licenses, Registrations 

• CFA/FRM certification a plus

       Other Qualifications (including physical requirements)

• Portfolio assessment, including reporting and analysis of problem loans, preparation and analysis of concentration of credit reports, stress-testing and credit/loan underwriting experience preferred.

Other

Please note this job description is not designed to cover or contain a compr