Credit Manager at Northern Trust managing credit risk and real estate lending programs. Leading teams, ensuring compliance, and advising on policies and regulations.
Responsibilities
Develops Credit Risk standards to integrate environmental Risk Management and Reporting into Commercial and Residential Real Estate Lending Programs, owns Problem loan administration standards and standards related to Intraday credit risk
Manages a team of individual contributors handling problem loans through loss mitigation. Determines staffing needs, makes hiring and firing decisions, handles salary administration, and ensures resources are available to accomplish priorities.
Conducts the performance management process, identifies training and development needs, and establishes performance standards for the unit.
Ensure compliance with internal credit policies/procedures, and federal/state banking laws, rules, regulations.
Supports interactions with internal partners and regulatory bodies on all elements related to Climate Risk and Real Estate lending programs.
Ensures that material risk exposures and related issues are reported to the responsible risk governance committees in a timely manner.
Responsible for dispensing a detailed knowledge of regulations and an awareness of broader banking regulations, market trends, competitor activity and products/services.
Counsels lenders on specific loan situations and calls problem loans to their attention via stress testing and loan committee governance.
Advises senior credit and loan personnel on the company's overall lending policy; noting significant trends and recommending policy changes if necessary.
Serves as a Risk Representative by participating with approval and other committees as appropriate and independently exercising approval authority, depending on experience
Oversees the collection, restructuring, and monitoring of troubled loan portfolios
Provides required documentation and responses to questions on loan portfolios.
Keeps abreast of economic, political, and legislative factors that could affect the quality of loan portfolios.
Requirements
10+ years of commercial or real estate lending, or loan underwriting and structuring experience.
Experience in risk appetite setting, credit metrics development, and establishing limits and thresholds.
Knowledge of credit analysis, commercial real estate lending policies and procedures, loan documentation requirements, and applicable laws and regulations usually acquired through formal education and previous experience.
Analytical skills to analyze risk of loan portfolios, and communication skills needed to report to senior management.
Leadership and organizational skills to determine the unit goals, resources needed, and to assess and develop the skills of the staff.
Benefits
retirement benefits (401k and pension)
health and welfare benefits (medical, dental, vision, spending accounts and disability)
paid time off
parental and caregiver leave
life & accident insurance
other voluntary and well-being benefits
discretionary bonus program that may include an equity component
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