VP Credit Review

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About Lendistry

Lendistry is the country’s largest minority-led and technology-enabled small business and commercial real estate lender with Community Development Financial Institution (CDFI) and Community Development Entity (CDE) certification. We are a national employer whose mission is to provide economic opportunities and progressive growth for small business owners and their underserved communities as a source of financing and financial education.

About Lendistry

Lendistry is the country’s largest minority-led and technology-enabled small business and commercial real estate lender with Community Development Financial Institution (CDFI) and Community Development Entity (CDE) certification. We are a national employer whose mission is to provide economic opportunities and progressive growth for small business owners and their underserved communities as a source of financing and financial education.

Position Overview

The Vice President of Credit Review is part of Lendistry’s Risk Management Organization, functioning as a Third Line of Defense (“TLoD”) to independently assess the effectiveness of the First and Second Lines of Defense’s Risk Management Activities to identify, measure, monitor, and control risks. The Credit Risk Review (“CRR”) team fulfills the responsibilities of the Credit Review (or Loan Review) function of Lendistry, consistent with the May 2020 Interagency Guidance on Credit Risk Review Systems. Through examinations and monitoring, Credit Review provides an independent assessment of credit decisions, portfolio management, and the effectiveness of credit processes across the Company’s credit platform, identifies existing and emerging risks, and reports its findings to various stakeholders, including the Chief Risk Officer, Chief Executive Officer, and Risk Management Committee.

The position requires an individual who has a track record of excellence in both Commercial and Industrial (“C&I”) and Commercial Real Estate (“CRE”) lending, ideally gained in underwriting, deal structuring, second-line credit adjudication or credit review function, or a combination thereof. The candidate must demonstrate solid expertise in credit analysis, financial and quantitative analysis, deal structuring, and determination of risk rating (including familiarity with PD / LGD rating models and methodology and use of scorecards). In addition, knowledge and insights into the economic environment and its impact on different industry sectors, awareness of competitive dynamics in the financial services sector, experience with higher risk credits, working knowledge of Small Business Administration (“SBA”) requirements, and the intellectual curiosity to learn will be key success factors in the role and help facilitate career growth.

The candidate’s technical expertise will be complemented by excellent communication skills (both verbal and written) and the ability to successfully engage in complex discussions with unit heads of business divisions being audited (auditees).

General Responsibilities

• The VP / Credit Review Leader is primarily responsible for the day-to-day delivery of credit review work on the audit they have been assigned to, including conducting necessary research, coordinating, and contributing to the management of the assigned projects.
• Perform a comprehensive credit review of a judgmentally selected sample of higher-risk commercial credits. The credits will involve loans from various business platforms and industries.
• Use credit and financial analysis expertise to examine and opine on the quality and adequacy of underwriting, including analysis of borrowers' operational and financial strengths / weaknesses, cash flow, leverage, liquidity and net worth, competitive positioning, and external / industry factors impacting the business.
• Review credits and hold discussions with the underwriting and Credit Administration teams as required to opine on comprehensiveness in underwriting relative to risk identification and mitigation (financial and business risks), deal structure, and collateral analysis and take all analyzed factors into account to opine on the appropriateness of the credit risk rating assigned to the borrower.
• As necessary, engage in discussions with underwriting and credit administration teams to communicate the decision to downgrade the risk rating of reviewed credits.
• Use Risk-Based Audit principles to review governance, risk, and control frameworks / processes, including reviewing credit policies and procedures, identifying process risks and controls, assessing controls, and sample-testing them.
• Responsible for writing exam reports and applying exam rating methodology to generate exam report ratings, with guidance from a manager.
• Act as the Examiner in Charge (“EIC”) on credit reviews, managing the end-to-end execution exams, including planning and sampling, training reviewers, overseeing fieldwork, and reporting process.
• Drive the Issues Management Tracking process of exams, including Issue Remediation Testing and closure process activities.
• Supports Continuous Monitoring activities, including regular communication with the Lending Unit, participation in key Lending Unit meetings, monitoring Key Risk Indicators (“KRIs”), and review of Lending Unit reports.
• Discuss exceptions / issues with the Chief Risk Officer, draft findings, and engage in discussions with auditees to communicate findings.
• Understand the underlying risks applicable to audit responsibilities through continuous monitoring activities. Strong credit risk, audit, compliance, banking, and product knowledge are required.
• Review and prepare ongoing risk assessments of the Company’s business platforms (auditable entities).
• Maintain updated knowledge of industry developments in affected areas of assigned responsibilities.
• Complete audit recommendation validation work.
• Communicate effectively, clearly, concisely, and accurately using written and verbal communication with all levels of management.
• Perform other duties as assigned.

PROFICIENCIES

Education And Experience

Compensation Range

The US base salary range for this full-time position is $114,000-$170,000 annually.

Our salary ranges are determined by role, level, and location.

The range displayed on each job posting reflects the minimum and maximum base salary for new hires for the position across all US locations. Within the range, individual pay is determined by multiple factors like job-related skills, experience, and state of residence. Your recruiter can share more about the specific salary range during the interview process.

Please note that the compensation details listed in US role postings reflect the base salary only, and do not include any variable compensation elements.

Physical Requirements

This is a stationary position that requires frequent sitting (approximately 95%), repetitive wrist motions, grasping, speaking, listening, close vision, and the ability to adjust focus. It also may require occasional standing, lifting, carrying of 20lbs or less, walking, kneeling, bending / stooping, twisting, pulling / pushing, and reaching above the shoulder. Employees in this position must be physically able to efficiently perform the essential functions of the position.

Seniority level

Seniority level

Executive

Employment type

Employment type

Full-time

Job function

Job function

Finance and Sales

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