The Credit Review Officer provides independent, objective, reliable, valued, and timely assurance to the Board of Directors, the Risk Oversight Committee (ROC), the Chief Risk Officer (CRO), senior management, and regulators over the effectiveness of credit, capital and collateral risk management and the ability to identify, monitor and mitigate current and emerging risks.
Key Responsibilities:
Perform loan reviews of complex loan types and sample standardized portfolios including large or high-risk lending areas.Conduct credit risk assessments by evaluating the financial position of borrowers considering prudent lending practices through financial/cash flow analysis and applying credit principles and banking regulations.Conduct an independent evaluation of the Bank’s consumer loan portfolio quality.Recommend appropriate loan risk scores or adversely classify loans, especially those with well-defined credit weaknesses that jeopardize the repayment.Identify potential systemic problems in the life cycle of credit from origination, underwriting, documentation, and problem loans.Develop problem loans in a timely manner in order to minimize loan losses and ensure effective credit risk management practices.Ensure compliance with established policies, regulatory guidelines, sound lending practices, and the stability of lending practices and activities.Cooperate with external auditors and regulators, as necessary.Conduct credit risk assessments based on the bank’s identified risk appetite.Exercises good leadership and ensures harmonious working relationships among the team and other bank personnel.Discuss all noted deficiencies and identified weaknesses, and any existing or planned corrective actions, including time frames for correction, with appropriate loan/account officers or branch personnel.A. Minimum Job Requirements:
o Bachelor’s degree in Accountancy, Business Administration, Management Accounting, Finance, Economics, Business Statistics, or any similar discipline is required for this position.
o Master’s degree in Business Administration, or any similar discipline, is an advantage.
o Certification/professional license (Certified Financial Risk Manager, Certified Public Accountant, Certified Internal Auditor) is preferred but not required.
o Must have at least 5 years of relevant experience as an Account Officer/Credit Reviewer/Credit Analyst in any BSP-supervised financial institution (BSFI) at the supervisory level.
B. Knowledge, Skills, and Abilities Required:
o Strong proficiency in MS Office and general computer use.
o Ability to effectively manage competing deadlines for projects in a high-pressure work environment, with varying degrees of supervision.
o Ability to analyze cash flows, leverage, collateral, and customer strength.
o Strong attention to detail and ability to notice discrepancies in data.
o Impeccable understanding of financial statements, ratios, and concepts
o Up to date with legal, compliance, and market risk-related issues.
o Strong communication and presentation skills.
o Ability to lead and manage teams.
o Strong critical thinking and problem-solving skills to be able to formulate and execute effective and relevant risk management programs.