Manager, Post-Approval Credit Review (Remote)

First Citizens Bank; Morristown (NJ); Remote; USD 115,000 - 160,000; Full time

Job summary

An established industry player is seeking a Post Approval Review Manager to lead the analysis of commercial lending activities. In this remote role, you will develop testing methodologies, evaluate transactions against policies, and prepare reports for senior leadership. This position offers the opportunity to work with a dedicated team of risk management professionals, ensuring alignment with the bank's risk appetite. If you possess strong analytical skills, a dedication to quality, and a passion for continuous learning, this is the perfect role for you to make an impact in the financial services sector.

Benefits

Competitive benefits program

Variable incentives

Bonuses

Professional development opportunities

Qualifications

• 8+ years of experience in Commercial credit administration required.
• Strong organizational and project management skills are essential.
• Effective communication skills for stakeholder interactions.

Responsibilities

• Develop testing methodologies for commercial lending origination activity.
• Analyze transactions and provide feedback to stakeholders.
• Prepare management reporting based on testing results.

Skills

Commercial credit administration

Project management

Problem-solving

Communication skills

Data visualization tools (Power BI, Tableau)

Attention to detail

Education

Bachelor's Degree

High School Diploma or GED

MBA or advanced degree

Tools

MS PowerPoint

Data visualization tools

Job description

Overview

This is a remote role that may be hired in several markets across the United States.

Credit Review (CR) is a key department within First Citizens Bank's (FCB's) second line of defense. Its mission is to provide executive management and the Board of Directors with an independent view of asset quality and credit risk management practices effectiveness across business units and support functions that originate or manage credit exposure. The team is comprised of risk management professionals with deep credit analysis, product knowledge, and transaction skills and experiences across various asset classes, industries, and stages of the client lifecycle.

The Post Approval Review team is a critical group within CR dedicated to sampling commercial loan origination activity across FCB, comparing originations to the bank's Credit Policy and Credit Underwriting Standards, and providing challenge feedback to 1^st and 2^nd Line teams involved in the loan origination process inclusive of steps taken to review and approve transactions.

Responsibilities

The CR Post Approval Review Manager position develops testing and sampling methodologies for commercial lending origination activity across FCB based on areas of growth and emerging risks. Evaluates transactions sampled versus risk appetite, policies and procedures and provide feedback to 1^st and 2^nd line stakeholders involved in the origination process. Prepares a quarterly assessment of sampled lending activities to determine alignment with Bank's risk appetite and provide reports to Senior Leadership. The CR Post Approval Review Manager role is part of Credit Review's Quality of Assurance Improvement Program team and reports to the Director of that unit.

Major Responsibilities:

• Analyze new originations activity to identify concentrations and areas of growth and use this analysis to develop risk-based samples of new origination activity
• Analyze Credit Policies, Standards and Procedures and develop test scripts to be applied for sampled loans
• Oversee testing activities (to be performed by an offshore team)
• Review testing results to determine accuracy, trending, and if any issues need to be raised
• Prepare management reporting based on testing results and outcomes
• Oversee talent/skill needs and resource requirements keeping in mind process evolution and emerging technologies.
• Provide direction of roles, responsibilities, individual goals, and performance objectives for the team.
• Provide regular, constructive feedback to maximize positive impact of individual team member's talent.
• Create and support a collaborative team environment.

Qualifications

Bachelor's Degree and 8 years of experience in Commercial credit administration OR High School Diploma or GED and 12 years of experience in Commercial credit administration

Preferred Qualifications

• BA or BS degree; MBA or other advanced degree or certification is a plus.
• 8-12 years of banking, financial services, consulting, or equivalent experience, including project, people, and/or operations management experience. Commercial Credit review and/or Commercial credit risk management experience at a large financial institution is strongly preferred.
• Strong organizational, problem-solving, and project management skills. Ability to breakdown processes into tangible steps, develop, execute, and manage project plans; and demonstrated success operating against deadlines.
• Strong MS PowerPoint and related skills for preparing effective presentations. Familiarity with data visualization tools including Power BI and/or Tableau and the use of key indicators to support monitoring of performance or process effectiveness.
• Effective communication skills, both oral and written, with strong process and control documentation skills.
• A high degree of professional maturity appropriate for interactions with Bank stakeholders beyond the CR department.
• Strong attention to detail, a dedication to quality and process discipline, and enthusiasm for learning. Eagerness to remain current on Bank, market, and industry developments to keep skills current and sharp.
• Credit Risk Certification (CRC)
• Willingness to travel 0-10% if needed.

This job posting is expected to remain active for 45 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.

The base pay for this position is generally between $115,000.00 and $160,000.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.