City National Bank header image
City National Bank
City National Bank proudly offers services, tools and technology that put our people and communities first.
Los Angeles, CA

Cred RiskRev Ofcr Sr 1LOD (Los Angeles, CA)

| Los Angeles, CA
Apply Now
By clicking continue you agree to Built In’s Privacy Policy and Terms of Use.
CREDIT RISK OFFICER QA/QC SENIOR FIRST LINE OF DEFENSE

WHAT IS THE OPPORTUNITY?

Provides comprehensive credit risk assessment of an assigned portfolio's credit quality, credit processes, risk concentrations and risk management practices through evaluating, monitoring and reporting on the credit portfolio. Performs ongoing credit risk monitoring and credit testing/reviews to ascertain the assigned Line of Business's (LOB) management of credit risk practices, process controls and portfolio quality, including the level of credit risk and its future direction. Provides prompt feedback to 1LOD Credit Risk/Front Line Units on the results of monitoring and scheduled credit review activities.



WHAT WILL YOU DO?

  • Reviewer-In-Charge (RIC) As RIC, direct the proactive, independent and objective evaluation of the LOB’s Credit Process by establishing an effective testing plan, testing scope and employing QC/QA standardized sampling techniques to achieve an appropriate risk-based sample.• Coordinate and oversee all aspects of assigned credit testing activities while focusing on quality control of transactional reviews and other work performed by the QC/QA team. • Effectively apply CNB Credit Policies and QC/QA testing practices.• Identify, analyze and prioritize deterioration or gaps in the management of credit risk practices and process controls that increase credit risk. • Identify Credit Policy exceptions or Credit Policy application gaps and provide feedback to the 1LOD Credit Risk Program Manager and LOBs; recommend Credit Policy enhancements that can be better interpreted and executed.• Analyze credit testing/assessment outcomes and recommend criticality ratings for identified Issues in the asset quality and credit process.• Present accurate and timely credit testing Self-Identified Issues to 1LOD Credit Risk leadership and Front Line management both orally and in writing.• Prepare timely, concise reports of the completed QC/QA testing, evidencing an appropriate Credit Process assessment and the criticality of Self-Identified Issues. • Follows up for the satisfactory remediation of outstanding Observations, Findings or MRAs, raised by internal (Credit Risk Review and Internal Audit) and external (Regulators) Reviewers/Examiners, respectively. • Positively influence the behavior of credit and lending staff to increase the effectiveness of credit risk management and promote a strong and proactive credit culture through common sense, value-added recommendations and guidance.• Identify and promote best practices and provide “training” to the line on both a formal and informal basis.
  • Performs Asset Quality evaluation at a micro/individual transaction and/or macro portfolio level to:• Identify, analyze and prioritize present and future credit risks to assist LOBs to minimize losses.• Determine industry/macro-economic stress indicators that affect the individual LOB and those factors that present leading indicators for higher risk in the near to medium term. • Evaluate major/complex higher risk portfolios for value-added recommendations/enhancements that assist the Front Line in improving the bank’s position.

WHAT DO YOU NEED TO SUCCEED

Must-Have*

  • Bachelor's Degree in finance, economics or accounting
  • Minimum 10 years of experience in credit risk portfolio management, credit administration, loan origination, and/or credit analysis as a commercial lender, regulator or credit review officer
  • Minimum of 5 years of MS Office experience; working knowledge of Sharepoint, Tableau and Salesforce is a plus


Skills and Knowledge

  • Prefer minimum 12 years of experience in credit underwriting, lending or review in a variety of industry types.
  • Highly conversant in GAAP financial principles.
  • Broad knowledge of corporate finance concepts and theories.
  • Strong understanding of credit processes and systematic controls.
  • Experience in a BASEL credit risk environment.
  • Proficient analytical skills in Credit, quantitative and statistical, including cash flow computations, complex financial statements & industry analyses, rent rolls, MIS data extrapolations and legal documentation.
  • Demonstrated knowledge of industry credit processes, lending policies, and current financial environments.
  • Ability to analyze portfolio trends at a macro level, identifying emerging credit risk levels/profiles and symptoms of process control breakdowns.
  • Ability to initiate and implement continuous improvement of the Quarterly Credit Risk Monitoring process by setting challenging goals and developing new and innovative approaches to deliver consistently high-quality results.
  • Thorough understanding of credit review/testing techniques, including control procedures and principles.
  • Ability to multi-task including working with large volumes of information, form conclusions, prioritize issues, determine appropriate action even with limited facts; and effectively communicate to 1LOD Credit Risk management including Credit Administration and Front Line Unit Leadership.
  • Provide training in all aspects of credit risk assessment and QC/QA testing to new/junior 1LOD Credit Risk staff, and to other CNB colleagues upon request.
Compensation
Starting base salary: $111,408 - $189,738 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.


*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.

ABOUT CITY NATIONAL

We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.

See More
Apply Now
By clicking continue you agree to Built In’s Privacy Policy and Terms of Use.

Technology we use

  • Engineering
  • Product
  • Sales & Marketing
    • C#Languages
    • C++Languages
    • JavaLanguages
    • JavascriptLanguages
    • KotlinLanguages
    • PerlLanguages
    • PHPLanguages
    • PythonLanguages
    • RLanguages
    • RubyLanguages
    • ScalaLanguages
    • SqlLanguages
    • SwiftLanguages
    • jQueryLibraries
    • jQuery UILibraries
    • ReactLibraries
    • Twitter BootstrapLibraries
    • ASP.NETFrameworks
    • Backbone.jsFrameworks
    • CakePHPFrameworks
    • HadoopFrameworks
    • Node.jsFrameworks
    • Ruby on RailsFrameworks
    • SparkFrameworks
    • SpringFrameworks
    • AccessDatabases
    • Microsoft SQL ServerDatabases
    • MongoDBDatabases
    • MySQLDatabases
    • SalesforceAnalytics
    • AxureDesign
    • IllustratorDesign
    • InVisionDesign
    • SketchDesign
    • ConfluenceManagement
    • JIRAManagement
    • TrelloManagement
    • SalesforceCMS
    • SalesforceCRM
    • SalesforceEmail
    • Adobe CampaignLead Gen
Previous
Next

What are City National Bank Perks + Benefits

City National Bank Benefits Overview

We strive to be the best at whatever we do, and that includes the benefits and perks we offer our colleagues.
We understand that colleagues have different needs. As a result, we look to offer a holistic program to support and address physical, emotional, financial and social needs.

Culture
Volunteer in local community
Partners with Nonprofits
Friends outside of work
Eat lunch together
Intracompany committees
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Unconscious bias training
Diversity Employee Resource Groups
Our 11 Colleague Resource Groups (CRGs) help colleagues deepen their relationships and knowledge at work, encouraging more people to connect, learn and celebrate with each other.
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
FSAs allow colleagues to set aside pretax dollars to help pay for medical and/or dependent day care expenses.
Disability Insurance
Coverage generally begins the first day of the month following hire date. Short- and long-term disability benefits are available to colleagues to assist with periods of injury or illness.
Dental Benefits
Preventive care as well as basic and major dental services are provided through either a preferred provider plan (PPO) or a dental maintenance plan (DHMO).
Vision Benefits
Coverage is available for vision exams, contact lenses, glasses and frames.
Health Insurance Benefits
Coverage generally begins on the first day of the month following employment, and colleagues are able to cover spouses, domestic partners and/or dependent children.
Life Insurance
When you become eligible for CNB Benefits, the company will provide you with basic life insurance equal to 1½ times your annual base salary, up to a maximum of $100,000 of coverage – at no cost to
Wellness Programs
Enjoy access to a wide range of health tools and resources, including health screenings, coaching and/or fitness challenges – all kept confidential and secure.
Mental Health Benefits
Colleagues have access to a number of mental health resources including the Employee Assistance Program (EAP), a free, confidential counseling service (also available to eligible family members).
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Pretax and Roth 401(k) - the company matches 60% of the first six percent of eligible pay a colleague contributes each pay period. Match dollars are immediately vested.
Company Equity
Colleagues share in the success of the company through employer profit-sharing contributions based, in part, on the change in the company’s net profit from the prior year.
Performance Bonus
Child Care & Parental Leave Benefits
Generous Parental Leave
Family Medical Leave
Adoption Assistance
Vacation & Time Off Benefits
Generous PTO
Paid Volunteer Time
Paid Holidays
Paid Sick Days
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement
Diversity Program
Lunch and learns
Cross functional training encouraged
Promote from within
Mentorship program
Time allotted for learning
Customized development tracks
Paid industry certifications

An Insider's view of City National Bank

More Jobs at City National Bank