This job has expired, please see additional jobs below
Senior Manager Credit Portfolio
TCF Bank
Plymouth, MN, United States
Job Details - this job has expired, please see similar jobs below
The Credit Portfolio Manager is responsible for the major areas of accountability as outlined below. Assist in developing strategy for asset allocation and risk mitigation. Lead and assess the creditworthiness of the Bank’s credit portfolio risk, evaluate portfolio performance, and conduct portfolio reviews across distinct asset classes (Commercial & Consumer):
• Consumer: Residential Mortgage
• Commercial: C&I, CRE
• Specialty Finance: Floor Financing, Equipment Finance
This position focuses on monitoring portfolio risk by reviewing assigned business lending units on a periodic basis, and communicating changing trends in credit risk to management. Areas of emphasis for assigned lines of business include analyzing and communicating adherence to credit policy; regularly analyzing and communicating concentration limits and recommending risk trigger thresholds as market conditions change; is responsible for directing TCF Bank’s enterprise-wide stress testing initiatives, executing stress tests in collaboration with the business, developing and administering the stress testing policies and guidelines, and producing results required and other stress tests.
Major Areas of Accountability
Portfolio Management / Reporting
• For assigned lines of business, provide prudent credit risk management through monitoring of the portfolio composition, large dollar borrowers, industry analysis, credit quality metrics, trend analysis and sensitivity analysis with respect to organizational risk.
• Assist where required with Board of Director, executive management, Enterprise Risk Management and line of business reporting.
• Participate in evaluating and introducing new products and businesses.
• Work in conjunction with assigned lines of business to establish, implement and monitor specific front end guidance parameters for adherence by the respective businesses.
• Work with Model Development, ALLL, Credit/ UW teams and the Business Unit by applying subject matter expertise to compare/contrast financial projections to prior economic cycles. Incorporate analytical conclusions to enhance risk measurements and credit portfolio mgmt.: test hypotheses using rigorous monitoring, assessments, and credit portfolio mgmt. discipline and practices.
Concentration / Risk Trigger Thresholds
• Report on specifically established concentration limits within the market and submarket levels for assigned lines of business. In addition, utilize portfolio analytics, trending data, market conditions and market data to anticipate and make recommendations with respect to portfolio performance and how that translates to proper limits.
• Communicate regularly to management both the current and forecasted state of the assigned portfolios
Stress Testing
• Direct TCF Bank’s enterprise-wide stress testing initiatives, executing stress tests in collaboration with the business.
• Contribute to loan loss forecasts related to ongoing stress test initiatives for assigned business lending units.
• Prepare reporting for credit risk sensitivities, stress and stress testing analytics to facilitate the identification of major credit risk drivers and any impact on capital planning and stress testing.
Credit Policy / Methodologies / Procedures
• Make recommendations for the development and management of credit policy methodologies for assigned lines of business to ensure there is adherence to policy and procedures, and exceptions are accurately monitored and reported on.
• Effectively communicate changes to credit policy, methodologies and procedures to assigned lines of business to ensure compliance is addressed efficiently.
Regulatory / Loan Review / Audit Findings
• Support, where assigned, the resolution of respective findings
Leadership
• Lead a team of analyst – and provide thought leadership on structuring and executing on analytical design to facilitate credit portfolio mgmt.:
• Credit performance
• Credit Trending
• Credit performance drivers: related to (1) current credit policies, practices – through the entire customer cycle: originations, portfolio mgmt., and attrition/ charge-off. (2) macro-economic environment.
• Coordinate, regular, ad-hoc and special analytical assessments and evaluation of the risks and implications the business plan and loan portfolio. Research projects, present and defend conclusions to relevant stakeholders.
• Collaborate: Help research and execute corporate and departmental cross-functional initiatives supporting strategic plan and portfolio growth. Able to work in consensus driven organization and use strong follow-up and problem-solving skills to satisfy multiple constituencies.
• Self-motivated: being self-directed and able to prioritize and handle multiple assignments simultaneously. Being comfortable with uncertainty and able to conceptualize and execute projects with limited information.
• Partnership: Work closely with colleagues across Risk, Compliance, Underwriting, and the Line of Business.
Process Improvement
• Identify opportunities for process improvement, emphasizing efficiency and effectiveness.
• Identify the need for report format changes and develop concise, focused formats
Minimum Qualifications
Education
Required:
• MBA, MS or Ph. D. degree in quantitative disciplines (mathematics, statistics, finance, economics, econometrics, etc.)
Required Work Experience / Skills
• A minimum of 10 years of experience in bank lending, loan review or quantitative financial analysis.
• Use of advanced technical & analytical competencies in driving effective strategic goals within a significant functional area
• Familiarity with consumer and commercial lending products and practices.
• Self-starter and ability to independently move projects forward and to resolution.
• Advanced user of Microsoft (Excel, Access, Power Point and Word)
• A comprehensive understanding of statistical modeling tools and techniques providing the ability to drive top rate performance. Experience and proficiency with analytical tools for data mining and statistical analysis e.g. SAS.
• Experience gained by working in a regional or super-regional banking environment.
• Ability to apply credit knowledge toward developing effective portfolio reporting and management of credit risk.
• Strong communication and presentation skills
• Knowledge of credit risk-related bank regulations, processes and requirements, plus familiarity with other bank regulatory requirements.
• Broad financial expertise with knowledge of financial and economic fundamentals, as well as with business policies, products, processes, systems and roles.
• Excellent leadership skills, demonstrated through the ownership of issues and seen through to resolution; proven experience providing sound guidance to others and positively influencing organizational culture; a strong leader of people.
• Strong communication skills, both oral and written, and the ability to communicate clearly at all levels of the organization.
• Expert abilities to visualize data/ data mining and direct supervision of analysts
Preferred Work Experience / Skills
• A minimum of 10 years of experience in bank lending, loan review or quantitative financial analysis.
• Public company experience is desired.
• Large national bank experience
Supervisory Responsibilities
• Perform supervisory functions, including but not limited to, making employment decisions regarding hiring, promoting, demoting and terminating, conducting performance appraisals and coaching and developing staff.