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Credit Manager, Special Assets
First Republic Bank
San Francisco, CA, United States
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Overview
Manage credit risk and portfolio monitoring program for the Business Banking Portfolio. Create tracking methodologies, develop and support key credit risk identification process, manage and monitor overall credit quality of varied product in the Eagle suite of lending products. Identify and manage potential and actual problem asset transactions and keep senior management advised of suspect trends or transactions that require pre-emptive action or attention. Lead quarterly and annual loan and review processes, and follow up to ensure that deadlines are met.
Responsibilities
• Ensure stability of ongoing Business Banking lending portfolio, including monitoring existing credit facilities trends as well as for financial and reporting covenant compliance. Anticipate problem loans and workouts with Credit Administration to take appropriate action. Coordinate credit waivers, amendments, and policy updates with Credit Administration department.
• Oversee loan risk program, including assisting department management in tracking loan portfolio objectives and activities. Respond to questions on program performance, prepare monthly internal reports and respond to internal inquiries regarding performance and program activities
• Identify and determine proper course of action for exception situations that arise. Recommend loan modifications, requests for restructures and termed-out lines of credit. Recommend appropriate risk ratings and reserves for restructured loans. Negotiate mutually acceptable loan restructures between client and bank. Work with Loan Monitoring Group to establish financial reporting monitoring practices and procedures.
• Manage Business Banking special asset activities, including loan workouts, bankruptcy filings. Coordinate interaction with legal counsel regarding documentation and monitoring of legal efforts related to loans sent to outside counsel for collection. Coordinate recommendations/acceptances for legal settlements.
• Monitor Delinquency/Default of Business Banking loan portfolio as a whole. Manage and monitor reports monthly and track overall levels of delinquency. Provide information on the status of loan payments of current clients monthly, and assist in collection and provide post-loan closing technical assistance.
• Complete daily monitoring of loan Delinquency Reports, monthly covenant /agreement exceptions reports, identify and provide status updates for high risk credits to Credit Administration and Business Banking senior management
• Monitor annual review and loan covenant compliance process, ensure that client compliance with loan covenants is monitored. Manage any changes through loan workouts and other negotiation with clients.
• Perform duties & responsibilities specific to department functions & activities or as assigned by supervisor.
• Participate in the development of department policies and/or procedures and assist with client specific projects as assigned.
• Responsibilities include the following: 1) adhering to and complying with the applicable, federal and state laws, regulations and guidance, including those related to Anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.) 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting suspicious activity to the AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank.
Qualifications
Skills, Knowledge & Abilities:
• Bachelor’s degree or equivalent experience.
• At least 10 years of experience in managing portfolio monitoring and credit risk activities.
• Possess excellent communication and people skills, strong analytical and problem-solving skills, and the ability to work effectively in a team or independently.
• We also require strong analytical skills and attention to detail.
• Outstanding and effective oral and written communication skills are required along with a basic knowledge of economics, accounting, finance and the ability to apply that knowledge to understanding the overall lending and business environment.
Physical/Mental Requirements:
• Vision must be sufficient to read data reports, manuals and computer screens.
• Hearing must be sufficient to understand a conversation at a normal volume, including telephone calls and in person.
• Speech must be coherent to clearly convey or exchange information, including the giving and receiving of assignments and/or directions.
• Position involves sitting most of the time, but may involve walking or standing for brief periods of time.
• Must be able to travel in a limited capacity.