Credit Review Audit Team Lead

$105,000 - $120,000/Yr

Northwest Bank - Warren, PA

Full-time - Mid Level

Warren, PA

Credit Intermediation and Related Activities

About the position

The Credit Review Audit Team Lead is responsible for conducting objective evaluations of the Bank's performance monitoring, internal controls, risk identification, and collections practices. This role involves gathering, reviewing, testing, and analyzing documentation for credit review audits, ensuring compliance with the Bank's risk profile and policies. The position also focuses on risk assessment, portfolio management, and the preparation of reports for management, ensuring comprehensive coverage of credit audit engagements.

Responsibilities

• Monitor compliance with credit risk appetite and ensure alignment with assigned metrics and KRIs.
• Identify early signs of stress along with actual and potential credit weaknesses.
• Assist in the preparation of reports for use by management.
• Assess the adequacy of and adherence to internal credit policies and loan administration procedures.
• Monitor compliance with applicable laws and regulations.
• Communicate review progress and emerging risk factors.
• Assess the accuracy and effectiveness of the risk rating scorecard.
• Evaluate the timeliness and accuracy of risk ratings assigned to borrowers.
• Manage personal pipeline (workload/workflow).
• Plan credit audit approaches under the direction of supervisor.
• Determine required audits for relevant segment/special projects.
• Develop scope, audit objectives, and program based on assessed risk of subject matter.
• Determine staffing requirements for Audit.
• Ensure document and data integrity.
• Oversee/compile working papers as appropriate.
• Prepare meeting materials (soft, and final exits).
• Present relevant findings appropriately to department manager and auditors.
• Obtain and analyze evidence, ensure audit conclusions are well-documented.
• Timekeeping/updating schedule of whereabouts during audits.
• Produce plan for completing field work.
• Oversee/collect specific samples/data.
• Identify and communicate issues raised, recommend solutions relevant to business units and risk management.
• Summarize results/findings.
• Appraise adequacy of the corrective action taken to improve deficient conditions.
• Meet departmental continuing education requirements and proactively seek relevant education and training opportunities.
• Self-learn/maintain extensive knowledge of Northwest's Risk Appetite Policy, SOX internal control narratives and test scripts, Call Reports and supporting schedules, Business Unit Risk Assessments.
• Ensure compliance with Northwest's policies and procedures, and Federal/State regulations.
• Navigate Microsoft Office Software, computer applications, and software specific to the department to maximize technology tools and gain efficiency.
• Work as part of a team.
• Work with on-site equipment.

Requirements

• Bachelor's degree in Accounting, Finance or Business preferred.
• 6-8 years of Credit Review related experience required.
• 5-6 years of Bank Auditing preferred.
• Extensive knowledge of and fluency in the review of commercial/consumer credit, regulatory exam reports, compliance reports, and third-party risk associated with various business units.
• Ability to apply advanced financial analysis techniques.

Benefits

• Bonus earning opportunities
• Health insurance
• 401k plan