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Citizens · 1 day ago

Credit Officer - Business Banking

Iselin, NJ

Full-time

Onsite

Senior Level, Lead/Staff

$150K/yr - $170K/yr

10+ years exp

Citizens is currently recruiting for a Senior Credit Officer to support its Business Banking line of business. The Senior Credit Officer will be responsible for evaluating, analyzing, and approving credit proposals for companies with revenues up to $50MM and transaction sizes up to $15MM, ensuring credit quality and regulatory compliance while supporting business objectives.

BankingCredit CardsFinancial ServicesFinTechRetail

H1B Sponsor Likely

Responsibilities

Serve as the primary credit approver for transactions across multiple industries

Evaluate and act on credit opportunities including new originations, renewals, and modifications by approving, declining, or escalating recommendations to the appropriate higher authority

Provide independent credit risk assessment and decision-making in alignment with the bank’s risk appetite and regulatory expectations

Partner with front-line business units to structure transactions that balance client needs with prudent risk management

Objectively identify risk and proactively partner with coverage, product and portfolio teams in the areas of customer selection and creation of protective, balanced credit structures with a focus on maintaining portfolio quality and protecting the Bank's balance sheet

Oversee portfolio monitoring, including risk rating accuracy, concentration risk, and early identification of problem credits

Communicate with executive risk management and loan workout specialists to effect restructure of problem credits and minimize losses

Lead or contribute to credit policy development, underwriting guidelines, and risk-adjusted return frameworks specific to leasing

Engage in client facing due diligence and assist business partners with originating and onboarding new credit relationships

Ensure all credit delivery activities have been completed in a timely, efficient and prudent manner while facilitating an environment for the efficient delivery to customers of products and services that require credit exposure

Provide leadership in conjunction with first line business partners in establishing credit culture, risk appetite, and business strategy

Follow defined processes, procedures and credit policies to accomplish all defined objectives

Qualification

Credit risk analysisUnderwriting experiencePortfolio managementFinancial analysisAsset valuationJudgmentRisk managementCommunication skillsInterpersonal skillsNegotiation skills

Required

10 years of combined experience in underwriting and credit risk approval

Extensive experience with non-investment grade credit analysis, underwriting and portfolio management

Experience partnering with multiple commercial banking product areas to responsibly allocate capital across a credit relationship

Strong administrative, communication, interpersonal and negotiation skills

Demonstrated ability to exercise sound judgment and act independently in a dynamic environment

Demonstrated ability to balance risk and return, promoting responsible expansion of credit relationships while leading stewardship of the Bank's balance sheet

Bachelor's degree in finance, economics, accounting, or a related quantitative field

Preferred

Significant experience with both C&I and investment commercial real estate

Benefits

Competitive pay

Comprehensive medical, dental and vision coverage

Retirement benefits

Maternity/paternity leave

Flexible work arrangements

Education reimbursement

Wellness programs

Paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States

Company

Citizens

Glassdoor3.6

At Citizens, we recognize that the journey to accomplishment is no longer linear and that individuals are made of all they have done and all they are going to do.

Founded in 1828

Providence, Rhode Island, USA

10001+ employees

https://www.citizensbank.com/

H1B Sponsorship

Citizens has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

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2020 (1)