Credit Risk Management - Director of Portfolio Management

Who We Are

Cross River is a highly profitable fast-growing financial technology company recognized for the third year in a row by CB Insights as one of the 250 best global fintechs. Our comprehensive suite of innovative products powers financial solutions with a strong focus on regulatory compliance for our partners and their millions of consumers around the world.

We are on a mission to build the infrastructure that propels access, inclusion and the democratization of financial services. While our company has tripled in size over the last three years, our strong sense of purpose led Cross River to be named to American Banker’s list of Best Places to Work in Fintech for the last 4 consecutive years. The reason for this success is simple --- our nimble, adaptive, and collaborative family culture lives in every member of our growing team. Together we are at the forefront of technology and innovation in financial services and we invite collaborative and motivated high performers to join our rapidly expanding team.

What we’re looking for

The Bank’s Credit Risk Management group led by the Chief Credit Officer is seeking a seasoned commercial loan expert with experience managing existing portfolio of commercial loans across CRE, C&I and SBA products.  The Director of Portfolio Management will serve as a second line of defense for on-going monitoring of the existing commercial loans.  This role will analyze borrower financial documents, property appraisals and reports, environmental reports, credit and public record reports, to confirm rating actions proposed by 1st line of defense.   This candidate will collaborate with the loan origination and loan servicing team to actively monitor the performance of the existing commercial portfolio and covenant compliance.

Responsibilities:

• Conduct independent analysis of financial and collateral information to confirm rating actions form annual review
• Collaborate with loan origination and loan servicing teams to ensure accurate collection of loan data for portfolio reporting
• Manage and support the semi-annual loan reviews with third party vendor
• Monitor closing conditions for commercial loans, including the release of reserves, construction draws, financial and non-financial covenants
• Support external and internal audits and regulatory examinations
• Ensure 1st line of defense correctly apply the rating scorecards, loan modification procedures and loan impairment analysis
• Other Ad-hoc credit risk management projects

Qualifications:

• Bachelor’s degree in Accounting, Finance and/or equivalent experience preferably with formal credit training
• Minimum of 7 years of underwriting experience in CRE lending, with additional experience or desire to learn C&I, Healthcare and SBA lending
• Strong knowledge of commercial banking credit policies and procedures, credit/financial statement analysis, loan structuring and cash flow analysis.
• Advanced knowledge of accounting principles, tax return analysis and analytical interpretation of balance sheet and income statements.
• Knowledge of loan grading systems, relevant factors in loan grading and best practices in periodic loan reviews.
• Strong oral and written communication skills
• Ability to build partnerships across departments
• Fluency with Microsoft Word, Excel and Powerpoint
• SQL and database expertise with the ability to develop custom reports is a plus

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