VP, Assistant Loan Review Manager

Company: Cathay Bank
Location: El Monte
Posted on: June 13, 2022

Job Description:

This position currently allows for a hybrid work arrangement.

People Drive Our Success

Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank - we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities.

We offer a competitive benefits package and comprehensive training programs so you can focus on your long-term professional career and your next steps at Cathay Bank. Apply today!

What our team members are saying:

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Learn more about us at cathaybank.com

GENERAL SUMMARY

Analyze loans for credit quality and adherence to bank policy. Act as Examiner-In-Charge of assigned lending unit reviews and prepare comprehensive reports for distribution to management. Assist in the loan sampling process for lending unit reviews and in other departmental functions as necessary.

DIRECT REPORTS

The incumbent has no direct reports. Provide guidance or mentorship to junior staff.

ESSENTIAL FUNCTIONS

1. Perform detailed loan file reviews as well as secondary reviews of completed linesheets of lending unit's portfolios. The reviews evaluate loan credit quality, Risk Identification, Policy Compliance, Support for the Credit Decisions, and Loan Structure.
2. Act as Examiner-In-Charge for assigned lending unit reviews and host the Exit Meeting for the respective units to discuss findings, issues and/or concerns.
3. Prepare and draft the Loan Review Report that communicate findings to Unit Management, Senior Management, and the Audit Committee.
4. Identify and elevate significant credit risk issues, trends and exceptions to Loan Review Manager.
5. Track and log in all risk rating recommendations determined as a result of a lending unit review.
6. Track appropriate financial and documentation exceptions or unresolved issues identified during a review.
7. Collaborate with the Loan Review Manager to ensure timely and effective execution of the Loan Review Plan.
8. Periodically attend assigned PLR meetings and act as a back-up to Loan Review Manager to ensure loans reviewed are appropriately risk rated.
9. Complete special projects, such as due diligence for acquisitions and mergers, and targeted reviews at the direction of Executive Management.
10. Partner with Loan Review Manager in the development of monitoring procedures or analysis of the Bank's loan portfolio to ensure that significant trends are identified and researched and make recommendations to mitigate the level of risk.
11. Participate in efforts to enhance department and Bank procedures for loan review, processes, methodology, risk ratings, exceptions monitoring, portfolio analysis, management reporting and other areas as necessary.
12. Interact with personnel from other departments in connection with the scheduled reviews.
13. Act as a back-up to Loan Review Manager, interact with external entities (i.e. KPMG, regulators, etc.)

QUALIFICATIONS

--- Education: College degree in Accounting, Finance, or business related discipline preferred.
--- Experience: Five or more years of commercial lending experience with at least three years in a credit/loan review function with a commercial bank preferred. Experience as a bank examiner, or with a consulting/accounting firm is also acceptable.
--- Skills/Ability: 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. Good risk analysis skills. Good cash flow analysis skills. Ability to manage high-volume work flow. Good interpersonal, verbal and written communication skills. Experience using computer related software applications, (i.e. Word, Excel, Outlook, etc.).

Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policy.

Cathay Bank is an equal opportunity employer. We believe in diversity, equity, and inclusion in the workplace. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or mickey.hsu@cathaybank.com.
This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

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Keywords: Cathay Bank, El Monte , VP, Assistant Loan Review Manager, Executive , El Monte, California