What are the responsibilities and job description for the Senior Credit Officer position at IDB?
Company Description
For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to our people. Here at IDB, you’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.
Job Description
The Senior Credit Officer - US Private Banking works with both client and Bankers and is responsible for the integrality and overall performance of the US private banking loan portfolio.
- Interact with clients and bankers to facilitate the proper structuring of credit facilities by evaluate client needs and tailoring appropriate solutions while managing client expectations throughout the process.
- Oversee all renewals, past dues and overdrafts
- Assis middle office underwriting and portfolio manager by providing coaching and instructions as needed.
- Ensure that the U.S. Private Banking is in compliance with all policies, procedures, regulations, audit standards and risk guidelines
- Work with the team (bankers and middle office) to ensure the timely renewal and extension of credit facilities.
- Provide subject matter expertise and relivant bank products and assist relationship managers in identifying potential cross sales opportunities.
- Ensure all relevant documents are collected in a timely manner.
- Provide guidance (especially with more complicated request) to private banking, middle office, underwriters/ portfolio managers in the preparation of all credit memorandums and negotiations to achieve all require credit approvals.
- Ensure adherence to all auditing and compliance requirements
- Train and coach middle office underwaters to better develop their analytical skill with respect to private banking credits.
- Wiliness to take on special projects as they arise.
- Work with middle office management to best utilize underwriting resources.
Qualifications
- Bachelor’s Degree or MBA (preferred)
- At least 10 years of credit and lending experience for high net worth individuals
- Broad understanding of underwriting for business loans and real estate loans
- Knowledge of Federal Lending Regulations
Additional Information
Reports to head of UPB divistion
All your information will be kept confidential according to EEO guidelines.
IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.
