Credit & Counterparty Risk Manager

Position Information

Job Title: Credit and Counterparty Risk Manager

Department: Warehouse Lending

FLSA Status: Exempt

Reports to: Head of Warehouse Lending

Full/Part Time Status: Full-Time

Work Location: Los Angeles, CA

Travel Requirement: 0-30%

Introduction

Headquartered in Los Angeles, Bank of Hope has been providing financial services to the largest Korean American community in the country for 40 years and is today one of the leading Asian American banks in the United States.

Bank of Hope serves a multi-ethnic population of customers through 53 full-service branches across eight states and 13 Loan Production Offices adding presence in three additional states. With $17.2 billion in assets, the strength of the Bank lies in our experienced management team, focus on sound risk management and governance practices, and commitment to the communities that we serve. We are committed to improving the value of our services as Bankers, providing comprehensive financial solutions as Experts, and being good Neighbors that foster growth for our customers and communities.

At Bank of Hope, our employees are our most valuable assets and recruiting talented people is critical to delivering the best, client-focused service possible. We are looking to hire people who have a passion for delivering innovative products and excellent service - all as a part of a team dedicated to making our clients the number one priority. We believe in investing in our staff by providing an industry leading benefits package. 100% employer paid medical insurance (including vision and dental) and generous employer matched 401(k) benefit.

As a Bank of Hope employee, you will be part of a culture that encourages growth and provides development opportunities to help you achieve your professional goals.

Overview

We are currently seeking a “Credit and Counterparty Risk Manager” to support our “Warehouse Lending Group”. As the “Credit and Counter Party Risk Manager”, you will be responsible for management of the Warehouse Credit Team.

Supervisory Responsibilities:

• Perform training and support to direct reports including Credit Officer I, II and III roles within the department.
• Perform direct reports annual review and recommends merit and/or promotional increases.
• Review and update policies as needed to ensure they are up to date and adhere to regulatory requirements.
• Ensure warehouse loan terms comply to banks approved lending limits and guidelines.
• Identify credit risks and recommend appropriate mitigants to meet banks risk appetitive.
• Prepare credit recommendation for management team related to warehouse lines of credit.
• Review client performance to ensure they remain in good standing and comply with terms and conditions set forth in warehouse line MRA and VTL.
• Maintain knowledge of trends and developments in the real estate finance market. Report emerging risks related to warehouse lending to management team.
• Present Commercial Credit Report (CCR) to loan committees for the purpose of obtaining credit approval.
• Ensure targets and departmental deadlines are on track and are being met.
• Ensure departmental Service Level Agreements (SLA) are being met.

Responsibilities & Duties

• Assist sales with prospect clients with preliminary review and discussion.
• First line of review for warehouse related Commercial Credit Report (CCR) and Commercial Credit Memorandum (CCM).
• Perform client visits as part of periodic site visitation, on site due diligence review and perspective warehouse clients.
• Make credit recommendation related to warehouse lines of credit the bank is in consideration of.
• Present CCR and CCM to management team, including loan committees for the purpose of obtaining credit approval.
• Evaluate the financial position and character of mortgage originator clients to ensure clients represent safe and profitable
• relationships for the Bank.
• Monitor and manage warehouse credits with respect to financial covenants, bank policies and procedures and borrower relationships.
• Review takeout investors submission package and provide recommendation to management team.
• Present client reporting as it relates to performance and covenants.
• Assist with internal and external exams and audits related to warehouse line of business.
• Monitor CRM dashboard to ensure deals are up to date and on track for target deadlines.

Job Qualifications/Requirements

• Minimum Education Level: Bachelor’s Degree
• Minimum Job Experience: 5-10 Years
• Current hands-on underwriting experience.
• Good knowledge of banking procedures and regulations, credit fundamentals and business transactions.
• Superior customer service skills.
• Self-starter with excellent time management skills.
• Ability to maintain the highest level of confidentiality.
• Excellent problem-solving skills.
• Excellent communication skills – written, verbal with an ability to present ideas clearly and concisely.
• Ability to multi-task in a fast-paced environment.
• A professional work ethic and attitude.

Bank of Hope is an equal employment opportunity employer and does not discriminate on the basis of race, color, gender, religion, age, sexual orientation, genetic information, national or ethnic origin, disability, marital status, veteran status or any other basis protected by federal, state, or local law.