Asset Backed Finance Senior Credit Officer
Fifth Third · New York, United States +4 · 9d ago
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GENERAL FUNCTION:
Directs Credit Risk Management (2nd Line of Defense) responsibility for one or more of the Bancorp Segmented Lines of Business (Middle Market Lending, Commercial Real Estate, Large Corporate Banking, etc.). Pursuant to the Bancorp Risk Framework, executes credit risk management strategies and policies, exercising independent judgement and providing constructive and credible challenge to credit risk recommendations, approves credits, providing feedback on proper structuring and pricing. Monitors ongoing credit administration and attends Line of Business pipeline meetings to ensure credit standards are followed across assigned business segment. Participates in customer calls as needed. Monitors credit quality through reviewing system-generated reports. Provides guidance on ways to improve strategic execution, effectiveness, efficiency and profitability in all aspects of the Commercial divisions of the assigned business area.
Responsible and accountable for credit risk management by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES & RESPONSIBILITIES:
- Accountable for issues relating to policy, underwriting, risk appetite, etc. for assigned areas of responsibility.
- Attend and provide effective, credible challenge to the Line of Business (LOB) in various meetings including prospect, customer strategy discussions, administrative loan meetings and portfolio reviews.
- Approve credit requests within individual lending authority and recommends larger credit requests to higher authority levels.
- Make customer calls with relationship managers and product partners when appropriate.
- Review credit packages for those loans approved within the LOB’s lending limits. Provide feedback to the LOB when necessary, to ensure consistent application of Bancorp underwriting and risk appetite standards.
- Review periodic Bancorp credit quality reports to assess assigned business areas’ adherence to Bancorp commercial goals and objectives. Provide guidance where necessary to ensure compliance with standards.
- Monitor portfolio health based on current asset quality profile and forward-looking considerations, including but not limited to: macroeconomic factors, industry or geographic trends, and other risks that may impact asset quality.
- Perform various other oversight activities including individual loan relationships and portfolio reviews.
- Determine reporting needs regarding covered LOB and recommends solutions to improve efficiency and accuracy of various tasks/reports.
- Escalate material credit risk issues to Credit Risk Executive.
- Performs other duties as assigned.
SUPERVISORY RESPONSIBILITIES: May supervise others. Responsible for providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential and provide challenging opportunities that enhance employee career growth; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.
MINIMUM KNOWLEDGE, SKILLS & ABILITIES REQUIRED:
- Bachelor's Degree in Finance, Business Administration, or Accounting. Master's Degree preferred.
- 7-10 years of progressive commercial lending experience and five years of direct experience with credit risk management.
- Three – five years’ experience leading teams.
- Knowledge of the banking industry, relevant banking regulation, commercial banking, capital markets, and treasury management products and the associated risks.
- Proficient in basic spreadsheet applications such as Excel, Word, etc.
- Demonstrated ability to learn and understand various computer systems.
- Excellent communications, organizational, and follow up skills.
- Excellent people/relationship building skills.
WORKING CONDITIONS:
- Normal office environment with little exposure to dust, noise, temperature and the like.
- Extended time at desk, viewing computer screens.
At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.
The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.
Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.
LOCATION -- New York, New York 10020Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.