Posted in General Business 30+ days ago.
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Location: Westbury, New York
The ERM Credit Risk Manager (â€CRMâ€) reporting directly to the Chief Risk Officer ensures the risk management oversight of Credit by managing and coordinating the responsibilities in accordance with Risk Appetite Statement and ERM Policy. The ERM Credit Risk Manager manages team members that are responsible for identifying, measuring, monitoring and reporting on credit related risk within the bankâ€™s portfolio so that credit risk can be managed within identified risk tolerances. The ERM Credit Risk Manager is responsible for the enhancement of portfolio insight and management decision-making through the use of leading edge analytics, methods and tools to measure the current health of the portfolio and for early detection of opportunities, trends and anomalies.
Monitors the overall composition and quality of the credit portfolio . Produces a monthly Credit risk assessment report to the CRO. Produces quarterly Credit risk aggregation in accordance with ERMâ€™s risk governance and reporting requirements. Identifies credit risk inherent in all products and activities with an emphasis on multifamily / CRE lending and concentration. Measures the credit risk inherent in all on and off-balance sheet activities. Ensures adequate controls over credit risk. Tracks and reports on levels and trends of delinquencies, Non-Performing Loans and problem assets, risk ratings and related reserves. Tracks and reports on trends in growth and volume of lending activities including off-balance sheet (unfunded commitments). Stratifies, tracks, and reports on concentrations within the portfolio. Monitors the appropriateness of credit policies and practices. Monitors credit related risk limits, concentration limits, and prudent remediation actions if limits are broken. Proactively engages with key Credit Business Process Owners through continuous monitoring meetings to obtain and share relevant information, including emerging risks and planned initiatives. Participates in on-going internal and external training programs as required or recommended by Manager. Remains informed of new trends and developments in the real estate market and changing rules and regulations. Proactively reviews real-estate publications to stay abreast of current developments and trends in across the industry. Oversees the monitoring and ERM reporting of potential reputational risk issues associated with current and potential borrowers, including escalation and discussion of these matters at the weekly MCC/MREC meetings, as applicable. Designs sustainable risk management and compliance processes and structures, including governance and oversight, standards and processes, tools and technology, metrics and reporting. Provides credit risk oversight of the commercial loan portfolios (MF/CRE, C&I, Specialty Finance) and investment portfolios by engaging the following strategies:
Monitors macro and industry trends
Identifies emerging issues in various sectors
Monitors risk concentrations in the portfolio
Manages risk information flow to various risk committees and key individuals
Develops and enhances ERM Credit Risk reporting
Oversees and directs the work of ERM Credit Risk team members that are involved in risk identification, measurement, aggregation, and monitoring of all credit related activities. Administers personnel-related matters including employment, performance evaluations, disciplinary actions and training and development of staff.
Performs special projects, and additional duties and responsibilities as required. Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes-Oxley compliance and adhere to internal control policies and procedures.
EDUCATION AND EXPERIENCE
Bachelorâ€™s degree in Accounting, Finance or Business Administration or related field. Masterâ€™s degree preferred. Formal credit training and/or prior credit related roles required. Minimum of five years of professional level experience in financial services environment. Five to ten years of experience in loan origination and/or asset management. Experience with multifamily and CRE lending in the NY metro area with exposure to large corporate and middle market lending a plus.
KNOWLEDGE, SKILLS AND ABILITIES
Strong credit and management skills. Strong analytical skills with the ability to interpret data, innovate and make strategic decisions. Knowledge of credit risk databases that provide data and analytical support to senior management team. Excellent verbal, written and interpersonal communication skills. Strong knowledge of Banking, including but not limited to operations, compliance/regulatory and credit. Good presentation skills. Computer literate with advanced proficiency in internet navigation, word processing, power point, spreadsheet and database applications. Ability to liaise with senior executives. Ability to identify deviations from forecast/expectations and explain variances. Ability to identify risk and/or opportunities. Ability to maintain confidentiality with regard to bank information. Ability to train, delegate, and review the work of lower level employees. Ability to prioritize and organize work assignments for a work group.
ABOUT NEW YORK COMMUNITY BANK.
Based in Westbury, NY, New York Community Bancorp, Inc. is the parent of a New York State-chartered bank - New York Community Bank. At September 30, 2019, the Company had assets of $52.5 billion, deposits of $31.6 billion, and stockholders' equity of $6.7 billion. Our bank subsidiary features a divisional structure. New York Community Bank serves customers through 239 branches encompassing eight divisions: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona. With a longstanding reputation of strength, stability and service, NYCB is proud to be committed to the communities it serves.
Branch Out and help recruit top talent for NYCB through the employee referral program. All NYCB employees are encouraged to submit referrals. Locate top talent right in the community where you live, work and play. Amazing individuals are all around be sure to let them know how they can become a part of the NYCB family.
NYCB is an equal opportunity employer that prohibits discrimination in hiring or terms and conditions of employment on the basis of race, color, age, sex, national origin, ethnicity, religion, marital status, disability, military status, veteran status, domestic violence victim status, gender identity or expression, sexual orientation, genetic information or any other classification protected by the federal, state, and local laws and ordinances.
This policy is applicable to all terms and conditions of employment including, but not limited to: recruitment and selection, promotion and demotion, transfer, training and development, compensation, benefits, leaves of absence and termination. When necessary, NYCB will reasonably accommodate employees and applicants with disabilities or with religious requirements necessitating accommodation.
In addition, NYCB complies with all applicable laws which govern nondiscrimination in employment in every location in which NYCB does business.