Lendistry
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VP Credit Review
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Lendistry 1 day ago Be among the first 25 applicants Join to apply for the
VP Credit Review
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Lendistry Get AI-powered advice on this job and more exclusive features. A Day in the Life
The A Day in the Life
The
VP Credit Risk 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 VP Credit Risk Review will examine,⯠monitor and assess credit decisions, portfolio management and the effectiveness of credit processes across the Company’s credit platform. They will identify existing and emerging risks, and report findings to various stakeholders, including Chief Risk Officer, Chief Executive Officer, and Risk Management Committee.â¯
â¯The VP Credit Risk Review will have a track-record of excellence for both Commercial and Industrial (“C&I”) and Commercial Real Estate (“CRE”) lending. They must be able to 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, have 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. Some travel may be required.â¯â¯
Lendistry: Who We Are
We’re proud to be the nation’s largest minority-led, tech-savvy lender for small businesses and commercial real estate. As a certified Community Development Financial Institution (CDFI) and Community Development Entity (CDE), our mission is all about creating economic opportunities and fueling growth for small business owners and their communities. Join us as we pave the way with innovative financing and financial education!
What You’ll Be Doing
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.
Your Areas of Knowledge and Expertise
A minimum of 10 years of credit and credit review experience is preferred, but competent candidates with solid potential and less experience are also encouraged to apply. Bachelor’s Degree with a preference in finance, accounting, economics, or other business concentration A commercial credit background and expertise in credit analysis/underwriting are required. Additionally, experience in credit review or credit audit is highly desirable. Strong knowledge of GAAP principles And Regulatory and banking Policies and Procedures. Experience in first-line underwriting and second-line credit risk management/ adjudication or loan review is required. License(s) or Certification(s) in Certified Internal Auditor (“CIA”), Certified Public Accountant (“CPA”), or Certified Regulatory Compliance Manager (“CRCM”) desired, but not required. Working expertise with Microsoft Office software, especially Excel, PowerPoint, and Word. Credit expertise must include at least three of the following segments - C&I; CRE; financial statement analysis; loan underwriting and structure; valuation; highly leveraged transactions; accounting standards; Uniform Commercial Code; capital markets and other non-traditional credit areas, including off-balance sheet credit risk; etc. Ability to support conclusions through fact-based analysis and ability to influence senior leaders Excellent credit review/analysis, project management, and leadership skills Strong organizational and communication skills, both written and verbal Ability to manage multiple complex tasks while delivering high-quality results Drives the Issues Management Tracking process of exams for which they have acted as Crew Chief, including Issue Remediation Testing and closure process activities, with Sr. Manager support Assist with special projects assigned by Credit Review Sr. Managers, Sr. Managing Director, or Head of Credit Review.
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 Referrals increase your chances of interviewing at Lendistry by 2x Sign in to set job alerts for “Vice President of Credit” roles.
Glendale, CA $227,000.00-$284,000.00 4 days ago Redondo Beach, CA $175,000.00-$225,000.00 3 weeks ago Los Angeles, CA $180,000.00-$225,000.00 1 month ago Los Angeles Metropolitan Area 2 weeks ago Culver City, CA $235,000.00-$275,000.00 1 day ago Los Angeles Metropolitan Area $250,000.00-$300,000.00 2 weeks ago Los Angeles, CA $250,000.00-$300,000.00 2 weeks ago Pasadena, CA $250,000.00-$350,000.00 3 weeks ago Downey, CA $170,000.00-$180,000.00 3 days ago Director Finance, Henkel Consumer Brands Professional
Culver City, CA $160,000.00-$180,000.00 1 week ago Los Angeles, CA $285,000.00-$350,000.00 1 month ago Beverly Hills, CA $170,000.00-$200,000.00 1 week ago Pasadena, CA $150,000.00-$200,000.00 2 days ago Vice President of Finance (VP of Finance)
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VP Credit Review
role at
Lendistry 1 day ago Be among the first 25 applicants Join to apply for the
VP Credit Review
role at
Lendistry Get AI-powered advice on this job and more exclusive features. A Day in the Life
The A Day in the Life
The
VP Credit Risk 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 VP Credit Risk Review will examine,⯠monitor and assess credit decisions, portfolio management and the effectiveness of credit processes across the Company’s credit platform. They will identify existing and emerging risks, and report findings to various stakeholders, including Chief Risk Officer, Chief Executive Officer, and Risk Management Committee.â¯
â¯The VP Credit Risk Review will have a track-record of excellence for both Commercial and Industrial (“C&I”) and Commercial Real Estate (“CRE”) lending. They must be able to 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, have 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. Some travel may be required.â¯â¯
Lendistry: Who We Are
We’re proud to be the nation’s largest minority-led, tech-savvy lender for small businesses and commercial real estate. As a certified Community Development Financial Institution (CDFI) and Community Development Entity (CDE), our mission is all about creating economic opportunities and fueling growth for small business owners and their communities. Join us as we pave the way with innovative financing and financial education!
What You’ll Be Doing
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.
Your Areas of Knowledge and Expertise
A minimum of 10 years of credit and credit review experience is preferred, but competent candidates with solid potential and less experience are also encouraged to apply. Bachelor’s Degree with a preference in finance, accounting, economics, or other business concentration A commercial credit background and expertise in credit analysis/underwriting are required. Additionally, experience in credit review or credit audit is highly desirable. Strong knowledge of GAAP principles And Regulatory and banking Policies and Procedures. Experience in first-line underwriting and second-line credit risk management/ adjudication or loan review is required. License(s) or Certification(s) in Certified Internal Auditor (“CIA”), Certified Public Accountant (“CPA”), or Certified Regulatory Compliance Manager (“CRCM”) desired, but not required. Working expertise with Microsoft Office software, especially Excel, PowerPoint, and Word. Credit expertise must include at least three of the following segments - C&I; CRE; financial statement analysis; loan underwriting and structure; valuation; highly leveraged transactions; accounting standards; Uniform Commercial Code; capital markets and other non-traditional credit areas, including off-balance sheet credit risk; etc. Ability to support conclusions through fact-based analysis and ability to influence senior leaders Excellent credit review/analysis, project management, and leadership skills Strong organizational and communication skills, both written and verbal Ability to manage multiple complex tasks while delivering high-quality results Drives the Issues Management Tracking process of exams for which they have acted as Crew Chief, including Issue Remediation Testing and closure process activities, with Sr. Manager support Assist with special projects assigned by Credit Review Sr. Managers, Sr. Managing Director, or Head of Credit Review.
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 Referrals increase your chances of interviewing at Lendistry by 2x Sign in to set job alerts for “Vice President of Credit” roles.
Glendale, CA $227,000.00-$284,000.00 4 days ago Redondo Beach, CA $175,000.00-$225,000.00 3 weeks ago Los Angeles, CA $180,000.00-$225,000.00 1 month ago Los Angeles Metropolitan Area 2 weeks ago Culver City, CA $235,000.00-$275,000.00 1 day ago Los Angeles Metropolitan Area $250,000.00-$300,000.00 2 weeks ago Los Angeles, CA $250,000.00-$300,000.00 2 weeks ago Pasadena, CA $250,000.00-$350,000.00 3 weeks ago Downey, CA $170,000.00-$180,000.00 3 days ago Director Finance, Henkel Consumer Brands Professional
Culver City, CA $160,000.00-$180,000.00 1 week ago Los Angeles, CA $285,000.00-$350,000.00 1 month ago Beverly Hills, CA $170,000.00-$200,000.00 1 week ago Pasadena, CA $150,000.00-$200,000.00 2 days ago Vice President of Finance (VP of Finance)
We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr