Director, Independent Loan Review & Corporate Governance

Firstcommercialbk; Jackson (MS); On-site; USD 120,000 - 180,000; Full time

Job summary

Firstcommercialbk seeks a Director of Loan Review and Corporate Governance to oversee the Bank’s independent loan review function and support robust governance practices. The role reports to executive management and the Board, maintaining independence from lending activities while guiding credit risk assessments and policy compliance.

The position also serves as Director of Corporate Governance, coordinating board governance, records management, and regulatory documentation.

Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, Economics, or related discipline.
• Five or more years of commercial banking experience with significant expertise in commercial credit analysis.
• Minimum five years of experience in loan review, commercial credit administration, credit risk management, or commercial underwriting.
• Demonstrated experience evaluating commercial real estate, commercial and industrial, construction, and complex commercial loan relationships.
• Thorough knowledge of FDIC examination expectations, commercial lending practices, and regulatory credit classification standards.
• Thorough knowledge of consumer compliance regulations, including fair lending.
• Thorough knowledge of corporate governance principles applicable to FDIC-supervised financial institutions.
• Familiarity with Board governance best practices and committee administration.
• Knowledge of state corporate law applicable to financial institutions.
• Strong understanding of the Current Expected Credit Loss (CECL) methodology and its relationship to independent loan review.
• Excellent analytical, communication, presentation, and leadership skills.
• Strong organizational and project management skills.
• Exceptional written communication and minute-writing abilities.

Responsibilities

• Administer an independent, risk-based loan review program appropriate for the Bank’s size, complexity, and commercial lending activities.
• Develop and execute an annual Board-approved loan review plan using a risk-based methodology.
• Ensure sufficient review coverage of commercial, commercial real estate, construction, agricultural, and other higher-risk lending portfolios.
• Work alongside the Director of Loan Compliance in the review of consumer loans for underwriting, fair lending, and consumer compliance regulations.
• Perform independent evaluations of credit quality, underwriting, collateral protection, guarantor support, and repayment capacity.
• Validate the appropriateness of the Bank’s internal credit risk ratings and recommend changes where warranted.
• Evaluate compliance with Board-approved loan policies, underwriting standards, and regulatory guidance.
• Identify emerging credit weaknesses and adverse portfolio trends before they materially impact asset quality.
• Evaluate criticized and classified assets for consistency with regulatory definitions.
• Assess adequacy of borrower financial analysis, global cash flow analysis, guarantor support, collateral valuation, covenant monitoring, and ongoing credit administration.
• Evaluate concentrations of credit by borrower, industry, geography, collateral type, and other meaningful risk characteristics.
• Assess the effectiveness of problem asset identification, monitoring, and resolution practices.
• Prepare comprehensive written reports for Executive Management, the Board of Directors, and the Risk Management Committee on a quarterly basis.
• Report trends in asset quality, underwriting exceptions, policy exceptions, portfolio concentrations, and credit administration practices.
• Monitor management’s corrective action plans and report the status of outstanding findings.
• Escalate significant credit concerns promptly to Executive Management and the Board.
• Maintain a loan review program that meets FDIC supervisory expectations for independent credit risk review.
• Assist management during FDIC examinations and external loan review audits by providing loan review reports, supporting documentation, and portfolio analyses.
• Monitor changes in banking regulations and supervisory guidance affecting commercial credit risk management.
• Recommend revisions to Bank policies and loan review procedures as regulatory expectations evolve.
• Leadership and governance responsibilities to maintain independence and governance standards.

Skills

Analytical skills

Leadership

Communication

Regulatory knowledge

CECL understanding

Independent judgment

Education

Bachelor’s degree in Finance, Accounting, Business Administration, Economics, or related discipline

Job description

Firstcommercialbk seeks a Director of Loan Review and Corporate Governance to oversee the Bank’s independent loan review function and support robust governance practices. The role reports to executive management and the Board, maintaining independence from lending activities while guiding credit risk assessments and policy compliance.

The position also serves as Director of Corporate Governance, coordinating board governance, records management, and regulatory documentation.