What are the responsibilities and job description for the Asset Quality Review Officer II position at Comerica Bank?
The Asset Quality Review Officer II supports an independent assessment of credit risk within the Bank by leading and/or participating in risk-based examinations of loan portfolios and centralized underwriting and support functions.
- Proficient in reviewing individual loan relationships by analyzing financial statements, collateral reporting, covenants, etc. to assess credit ratings, identify strengths and weaknesses in credit underwriting and evaluate monitoring processes.
- Assists with the planning and execution of portfolio exams as the Examiner In Charge by managing a team of examiners and coordinating the completion of exam reports.
- Writes individual report sections that detail strengths and weaknesses with the composition of loan portfolios and the execution of the associated administrative processes by analyzing portfolio data and examination findings.
- Assists in special projects as requested by AQR management.
- Understands and interprets Comerica credit policy and ensures that lending departments adhere to credit policy and quality standards.
- Coordinates the communication of exam results to senior management with the AQR Manager.
- Develops recommendations to correct underwriting and credit quality deficiencies.
- Works closely with other AQR examiners.
- Able to research industry trends.
- Experienced in proof reading and editing business reports to ensure accuracy and consistency in tone, formats and messaging.
- Able to combine and relate data from multiple sources into a cohesive analysis.
- Bachelor's degree from an accredited university
- 4 years of experience in commercial lending, loan review, or bank regulatory experience
- Experienced user of Excel and Word
About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
