CREDIT RISK OFFICER QA / QC FIRST LINE OF DEFENSE WHAT IS THE OPPORTUNITY? Provides comprehensive credit risk assessment of an assigned portfolio's credit quality, credit processes, risk concentrations and risk management practices through evaluating, monitoring and reporting on the credit portfolio

Performs ongoing credit risk monitoring and credit testing / reviews to ascertain the assigned Line of Business's ("LOB") management of credit risk practices, process controls and portfolio quality, including the level of credit risk and its future direction

Provides prompt feedback to 1LOD Credit Risk / Front Line Units on the results of monitoring and scheduled credit review activities

What you will do Credit Risk EvaluationPerforms individual credit assessment / testing of individual Wholesale lending portfolios

Utilizes the 1LOD automated line sheets and Testing Procedure / guidelines including reference materials / job aids as key tools in the analysis and support of assessments.

Analyzes credit structures : Identifies diverse credit structures that increase credit risk or are non-compliant with bank policy including the appropriateness / accuracy of the individual credit risk ratings including AIRB ratings (i.e

Probability of Default (PD) / Loss Given Default (LGD).Performs financial statement analysis, noting cause and effect of changes to the income statement and balance sheet.Analyzes borrower cash flow

Analyzes and conceptualizes repayment capacity, including Debt Service / Cash Flow / Fixed Charge Coverage (DSC / FCCR), working capital / turn day analysis, and CRE Debt Service Coverage.

Analyzes tax returns and determines the individual and global cash flow of individuals / estates / trusts.Analyzes and determines appropriateness of collateral valuations / evaluation including the evaluation of CAP rates, vacancy factors & comparable valuations / evaluations and borrowing bases.

Utilizes well-developed analytical concepts to evaluate complex transactions such as Highly Leveraged Transactions (HLTs) to determine enterprise value through discounted cash flow analysis;

projects financing / leasing / construction for renewable energy industry (solar / wind) and; public finance entities

Ongoing Credit Risk MonitoringPerforms on-going credit risk monitoring of assigned LOBs and executes a risk-based desk testing / review process by identifying areas of increasing risk

Ongoing monitoring is a forward-looking process designed to identify leading indicators that pose increased risks.Monitors credit risk in assigned portfolios to identify asset quality deterioration or negative management control trends;

and review compliance with credit policies / underwriting guidelines and regulations.Assesses the effectiveness of the management of credit risk practices through the periodic Quarterly Credit Risk Monitoring Reports by identifying key credit risk factors and allocating appropriate resources to monitor those credit risks, emerging issues, trends and / or vulnerabilities

Reviews and analyzes individual credit applications and / or credit relationships for quality, adherence to approval conditions, and accuracy of loan quality, AIRB risk ratings and adequacy and accuracy of documentation

Identifies and evaluates the effectiveness of credit risk process controls including in-depth discussions with the division / region’s senior management as necessary

Analyzes credit files, financial statements, projections and search industry trends to identify risk potential within portfolios.

On a quarterly basis, compiles / assesses Emerging Credit Risk Profiles to detect and identify the risks in the assigned portfolios

Documents results / trends of ongoing monitoring according to the Quarterly Credit Risk Monitoring Standards and provides periodic risk assessments of assigned portfolios including the level / characteristics of the emerging credit risk profiles and the direction of risk

Evaluates MIS data and identify adverse trends of leading and lagging performance indicators

Analyzes trends and shares results with 1LOD Risk & Compliance, Front Line Units and other senior bank management

Front Line Unit / LOB PartnerClearly communicates sensitive issues at the highest level of management

Fosters internal and CNB-wide peer relationships that support a culture of trust and interdependence.As a resource for credit risk identification, provides technical guidance to the credit underwriting / approval units on credit policies and control procedures / best practices to enhance quality and consistency

Interacts as requested with 2LOD and 3LOD (Credit Risk Review, and Internal Audit)

Must-Have* Bachelor's Degree or equivalent Minimum 5 years of experience in credit risk portfolio management, credit administration, loan origination, and / or credit analysis Minimum 5 years of experience in a banking environment or risk management consulting or in the financial services industry in risk related roles Minimum 5 years of advanced level experience in Microsoft Office skills, including Word, Excel, Access and PowerPoint Skills and Knowledge Prefer a minimum 8 years of experience in credit analysis, underwriting, or lending in a variety of industry types including Leveraged lending, C&I, CRE, specialized industries including Healthcare, Aerospace & Defense, Food & Beverage, Municipality, Renewable Energy, Capital Markets, Diversified Industries, Mortgage Warehousing, Franchise Finance, ABL

Previous credit review experience highly preferred

Highly conversant in GAAP financial principles

Broad knowledge of corporate finance concepts and theories

Strong understanding of credit processes and systematic controls

Experience in a BASEL credit risk environment

Proficient analytical skills in Credit, quantitative and statistical, including cash flow computations, complex financial statements & industry analyses, rent rolls, MIS data extrapolations and legal documentation

Demonstrated knowledge of industry credit processes, lending policies, and current financial environments

Ability to analyze portfolio trends at a macro level, identifying emerging credit risk levels / profiles and symptoms of process control breakdowns

Ability to initiate and implement continuous improvement of the Quarterly Credit Risk Monitoring process by setting challenging goals and developing new and innovative approaches to deliver consistently high-quality results

Compensation Starting base salary : $92,114 - $156,880 per year

Exact compensation may vary based on skills, experience, and location

This job is eligible for bonus and / or commissions

To be considered for this position you must meet at least these basic qualifications The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification

It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job

Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues

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INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank is an equal opportunity employer committed to diversity and inclusion

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.

Since day one we've always gone further than the competition to help our clients, colleagues and community flourish

City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today

City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.

Last updated : 2024-08-30