Sr. Credit Risk Officer II

Truist; Woodbridge Township (NJ); On-site; USD 225,000 - 275,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

401k plan

Paid vacation

Paid sick days

Paid holidays

Job summary

Truist is seeking a Senior Credit Risk Officer to oversee large and complex wholesale lending segments. You will promote a strong credit culture, align risk and profitability, and provide thought leadership across LOB leadership, product partners, and credit delivery teams.

You will exercise prudent credit judgment, stay current with evolving laws and market trends, and manage portfolio risk while presenting updates to senior executives and risk committees.

Qualifications

• Bachelor's degree or equivalent education and related training.
• Strong communication and interpersonal skills with demonstrated leadership ability.
• Solid accounting/financial analysis skills.
• Widespread financial credit risk and regulatory knowledge.

Responsibilities

• Serve as a senior credit risk officer for large and complex segments within wholesale lending or specialty lines of businesses.
• Promote consistency of Bank's credit culture and lending strategies throughout the organization.
• Communicate effectively as a thought leader to support development and maintenance of a strong credit culture.
• Partner with segment leaders to develop, communicate, and execute credit strategies, limits, and policies.
• Stay abreast of laws, regulations and risk management techniques to ensure compliance and best practices.

Skills

Leadership

Communication

Financial analysis

Credit risk knowledge

Education

Bachelor's degree

Job description

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Regular or Temporary

Regular

Language Fluency

English (Required)

Work Shift

1st shift (United States of America)

Please review the following job description

Responsible for optimizing profitability of a segment(s) of the wholesale loan portfolio by maintaining proper balance among quality, profitability and compliance in the assigned portfolio. Partner with LOB segment leadership to provide thought leadership and execute credit strategy in line with LOB targets and Truist stated risk tolerance. Communicates effectively through guidance, training and development in support of building and maintaining a strong credit culture. Models behaviors that reflect strong judgment capabilities gained through deep and comprehensive credit experience across multiple types of portfolio and business segments, constructive partnership and ability to navigate complex challenges that have potential impact on Truist profitability.

Essential Duties And Responsibilities

• Serve as a senior credit risk officer for large and complex segments within wholesale lending or specialty lines of businesses. Promote consistency of Bank's credit culture and lending strategies throughout organization. Responsible for leading the advancement of the organization's risk management culture, framework, and appetite throughout the assigned segment within the LOB
• Communicate effectively as a thought leader to support development and maintenance of a strong credit culture. Provide risk leadership through ongoing active engagement with LOB, Product Partner, and Credit Delivery teams including guidance, coaching and mentoring to teammates on sound principles of lending and support their development through regular feedback and constructive dialogue
• Partner with segment leaders to develop, communicate, and execute credit strategies, limits, and policies that support LOB targets while maintaining disciplined approaches to optimizing capital deployment and mitigating risk. Exercise prudent credit judgment through individual delegated loan authority to shape portfolio within risk appetite guidelines and concentration management approaches that create sustainable profitability
• Stay abreast of laws, regulations and risk management techniques to ensure compliance and best practices in risk management. Stay abreast of local, national, and global economic trends and market conditions
• Manage highly complex decisions that could have significant impact to risks and profitability
• Ensure appropriate Risk Rating for the portfolio, monitor portfolio performance, identify areas of emerging risks. Develop strategies and action plans for emerging risk, and elevate to Senior Credit Officer and present portfolio updates and recommendations to senior executives, Risk Oversight Committees, and regulators as requested

Qualifications

Required Qualifications

• Bachelor's degree, or equivalent education and related training
• 15 years of experience in lending and/or credit experience
• Widespread financial credit risk and regulatory knowledge
• Solid accounting/financial analysis skills
• Strong communication and interpersonal skills with demonstrated leadership ability to collaborate across teams and build strong relationships

Preferred Qualifications

• 20 years of experience in commercial lending and/or credit experience
• Master's degree in business administration, finance, or accounting
• Broad product knowledge and experience, including Debt and Equity Capital Markets, Asset Finance, and Treasury Management product categories Experience across a broad span or industries or deep experience within a specific industry
• RMA - Credit Risk Certification

The annual base salary for this position is $225,000 - $275,000. Additional incentive pay is available for this position.

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation

All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace. EEO is the Law E-Verify IER Right to Work