Credit Review Audit Team Lead

Northwest Bank
United States, New York, Buffalo
375 Essjay Road (Show on map)
Nov 08, 2024
Description Job Summary The Credit Review Audit Team Lead will be responsible for providing objective evaluations of the Bank's performance monitoring, internal controls, risk identification, portfolio management activity, and collections practices in adherence to the Bank's risk profile, policies and procedures by gathering, reviewing, testing and analyzing internally and externally generated guidance/documentation for credit review audits. The Credit Review Audit Team Lead responsibilities will also be focused on risk assessment, portfolio administration, ACH risk, assessing and monitoring credit risk metrics (KRIs and KPIs), and assist in the creation and preparation of reports for use by management. This position will review, trace, test and summarize results against samples for proper evidence and present results to department manager and auditors. The Credit Review Audit Team Lead will ensure comprehensive coverage of credit audit engagements, from start to finish, inclusive of scoping, testing, and follow up activities. Essential Functions Work with management and to 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 of 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 seeking relevant education and training opportunities Knowledge of Crowe Credit360, BancAudit/Nautilus/CBS/Data Analysis Tool/Audit Management Software 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 Education + Experience Bachelor's degree in Accounting, Finance or Business preferred 6-8 years of Credit Review related experience require 5-6 years of Bank Auditing preferred Extensive knowledge of and fluency in the review of, but not limited to commercial/consumer credit, regulatory exam reports, compliance reports, third party risk associated with various business units Ability to apply advanced financial analysis techniques The pay range for this position is generally $105,000 - 120,000 annually. Actual pay is based on various factors including but not limited to the successful candidate's experience, skills, and knowledge. Additional bonus earning opportunities and benefits are also available. #LI-EK1 #LI-Hybrid Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)