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Cathay Bank · 6 days ago

VP, Loan Review Team Lead

El Monte, CA

Full-time

Onsite

Mid, Senior Level

$140K/yr - $165K/yr

7+ years exp

Cathay Bank is a well-established financial institution committed to fostering a caring culture and supporting the development of its team members. The VP, Loan Review Team Lead will analyze loans for credit quality, oversee the Loan Review Plan, and manage a team of direct reports to ensure effective execution of loan reviews and compliance with bank policies.

BankingFinanceFinancial Services

Responsibilities

Collaborate with the Loan Review Manager to ensure timely and effective execution of the Loan Review Plan

Directs Loan Review services performed by internal staff and third party, co-source firms

Assist in the development and execution of the annual Loan Review Plan for comprehensive portfolio reviews to determine asset quality and portfolio management effectiveness, continuous portfolio monitoring, and targeted reviews

Ensures assigned staff have the proficiency required to perform portfolio reviews

Serves as Examiner-In-Charge for assigned lending unit reviews, host kick-off, update, and exit meetings for the respective units to discuss findings, issues and/or concerns

Prepares and drafts Loan Quality Review Reports that communicate findings to Unit Management, Senior Management, and the Audit Committee of the Board of Directors

Ensures the Loan Review team validates the accuracy and timeliness of asset quality risk ratings, accrual status, and portfolio management requirements are met

Ensures that credit review examiners have analyzed and reviewed financial statements, cash flow analysis, third party reporting, industry trends, collateral condition and values, loan structure, and guarantor personal financial statements and tax returns

Ensures loan review examiner workpapers/linesheets are complete, accurate, documented, and provide credit analysis, opinions, and recommendations regarding credit risks

Manages and develops internal staff and supervises the daily activities of the team including, but not limited to, effective delegation of assignments, developing work schedules and providing necessary training. Establishes annual goals, performs performance appraisals, disciplinary actions, and interviews candidates for employment

Participates in due diligence reviews for portfolio acquisitions, and mergers

Supports regulatory examinations and internal audit engagements

Provides guidance or mentorship to junior staff

Qualification

Commercial lending experienceCredit/loan review functionDepartment oversight/managementRisk analysis skillsCash flow analysis skillsLending productsRegulatory requirements exposureTeam environment contributionDecision making accountabilitySound judgmentSoftware applications proficiencyLeadership qualitiesInterpersonal communication skills

Required

Bachelor's degree in accounting, business administration, finance, or economics strongly preferred

Minimum of seven years of commercial lending experience with at least five years in a credit/loan review function, preferably in a commercial banking environment

Three years of department oversight/management with personnel management required

Experience as a bank examiner, or with a consulting/accounting firm is also acceptable

Leadership qualities: ability to plan, organize and motivate

Ability to create and/or contribute to a positive team environment

Accountable; ability to make decisions and assume responsibility for those decisions

Ability to exercise sound judgment

Knowledge of the various factors related to commercial and industrial and commercial and residential real estate lending products

Exposure to regulatory requirements, economic factors, and standards applicable to commercial lending, commercial real estate, construction, and residential lending products

Excellent risk analysis skills

Excellent cash flow analysis skills

Ability to manage high-volume workflow

Excellent interpersonal, verbal and written communication skills

Experience using computer-related software applications, (i.e. Word, Excel, Outlook, etc.)

Preferred

Experience in specialized lending such as asset-based lending (ABL), energy (including oil & gas), shared national credits (SNC), and syndicated lending is a plus

Benefits

Coverage for medical insurance

Dental insurance

Vision insurance

Life insurance

Long-term disability insurance

Flexible spending accounts (FSAs)

Health saving account (HSA) with company contributions

Voluntary coverages

401(k)

Company

Cathay Bank

Glassdoor3.1

Cathay Bank is a financial services company originally founded to support Los Angeles’ growing Chinese American community. It is a sub-organization of Cathay General Bancorp.

Founded in 1962

El Monte, California, USA

1001-5000 employees