GENERAL SUMMARY:
Evaluates new borrowing credits, renewals, and extensions. Consults with the Chief Credit Officer regarding significant matters related to the credit process and credit quality of the loan portfolio of Manufacturers Bank. Assists officers with credit evaluations/analysis, structuring and presentation of credit requests. Ensures loans are originated, processed, and underwritten in compliance with relevant policies, procedures and regulations.
This 2nd Line of Defense position reviews and challenges the information provided by the 1st LOD sales/underwriting team – to enhance the understanding of the requested credit – ensuring that all aspects of the loan are understood, that potential stresses are considered, that the inherent and residual risks are transparent to all decision makers, that all risks are within the stated tolerances of the bank, and that the transaction adheres to MB’s General Lending Policy.
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POSITION SPECIFICATIONS
Credit Analysis:
Evaluate loan applications and perform thorough financial analysis to assess the creditworthiness of commercial borrowers.
Analyze financial statements, tax returns, credit reports, and other relevant documents to determine the financial stability and repayment capacity of potential borrowers.
Conduct comprehensive risk assessments by considering factors such as industry trends, market conditions, related collateral, idiosyncratic risks, and borrower's ability to support the loan – all under the various conditions that could exist during the life of the loan.
Assess the appropriateness of credit structures, terms, pricing, and conditions based on the risk profile of the borrower and the organization's lending policies.
Prepare detailed credit proposals and present findings to senior management, highlighting key risks, mitigants, and recommended actions.
Interactions with 1st LOD / 2nd LOD:
Collaborate with relationship managers and other stakeholders to gather necessary information and ensure a thorough understanding of borrower / loan.
Industry Knowledge:
Stay updated on industry regulations, economic trends, and market developments to effectively identify emerging risks and adapt underwriting strategies accordingly – to an individual borrower and for the bank’s risk appetite, credit policy, and lending standards.
Develop and maintain strong relationships with internal and external stakeholders, including borrowers, to facilitate effective communication and information exchange.
Credit Policy:
Ensure all loans are underwritten and remain in compliance with internal policies, procedures, and regulatory requirements throughout the underwriting process and life of the loan.
Surface issues to executive attention with proposed solutions that reduce risk and/or remedy the issue.
Portfolio Analysis
Monitor the credit portfolio – considering risks related to the specific borrowers, and to the industries/geographies in which the borrowers are operating - proactively identify potential credit issues, proposing timely corrective actions and risk mitigation strategies
- Loan Policy Exceptions:
- Participate in the creation of MB’s exception reporting – noting issues related to the loans administered, also identifying critical issues with actions that should be taken – recommended in a timely manner.
