The bank for a changing world

Head of Credit Review / Credit & Counterparty Audit

Contract

Full-time

Location

United States-California-San Ramon

Job function

Audit

Reference

026477

 
Our Brand
 
What sets Bank of the West apart from other banks is our team members–they embody the optimistic spirit of the West. There is a spirit here that drives us to do more. Our team of more than 10,000 employees is vital to the success of our Bank. They reflect our modern western values—straightforward, entrepreneurial and optimistic. We seek to create a corporate culture that fosters and rewards excellence, encourages creative thinking and respects diversity – an environment where team members are engaged, supportive of one another and enthusiastic about serving our customers. Bank of the West offers the stability of a company that has a 135 year history and is part of BNP Paribas, a European leader in global banking and financial services and one of the 6 strongest banks in the world. We offer opportunities across our diverse business lines – Retail Banking, Commercial Banking, National Finance, and Wealth Management.
 
Position Summary
 
The Inspection Group, as the Bank’s periodic control function (i.e., third line of defense), independently assesses the effectiveness of the permanent control function (i.e., first and second lines of defense) to identify, measure, monitor, and control risks.  The Credit and Counterparty Audit (CCA) Director reports directly to the General Auditor of the Bank and manages audit delivery for the area of assigned audit responsibilities.  The Credit and Counterparty Audit Team managed by the CCA Director fulfills the responsibilities of the Credit Review (or Loan Review) function of the Bank of the West, as defined by the 2006 Interagency Guidance on the Allowance for Loan and Lease Losses. 
 
 
Key Responsibilities
 
  • Directs, mentors, trains, and evaluates assigned staff.
  • Directs and supervises to ensure BNPP Inspection Generale and Bank of the West Inspection Group policies and procedures are adhered to on audit assignments.
  • Develops, directs, and/or executes the audit plans, and may also be responsible for various projects to improve efficiencies.  May complete 2nd level of review over audit recommendation closure for complex issues
  • Responsible for managing the assigned Head of Assignment for an audit project to include the related audit scoping, planning, evaluating, reporting, and supervising.
  • Understands the underlying risks applicable to the related audit disciplines through continuous monitoring activities from the team.
  • Supports special investigations or unplanned audits at the request of the General Auditor
  • Mentors and develops necessary talent to achieve audit discipline/functional strategic objectives
  • Reviews and effectively challenges completed risk assessments for the CCA assigned auditable entities.  Also support the credit related auditable entities with the other Audit teams (example: National Finance Group).
  • Possesses strong audit, risk, compliance, banking, and/or product knowledge.  Expected to be subject area expert in one (or more) specific skill sets, business areas or products. 
  • Works and collaborates to assure that the sub-audit discipline activity effectively supports the strategy of the audit discipline/function.

 

 
Job Specifications
 
Education 
Required Education or Equivalent Experience
  • Bachelor’s Degree in applicable and related field
  • Required license(s) or certification(s) CIA, CISA, CPA, CAMS, and/or CRCM
     
 
Required Experience
  • Minimum 15 years of audit and/or risk experience
  • Financial institution experience preferred
  • Candidates with an advanced degree or recognized certification in risk or lending (examples include graduates of Pacific Coast Banking School or RMA/Wharton Advanced Risk Management) is considered a strong plus.
 
 
Administrative/Technical Skills/ Other Information
  • Understanding of the regulatory policies that directly impact the Credit Review function to include the following:
    • 2006 Interagency Policy Statement on the Allowance for Loan and Lease Losses
    • 2011 Interagency Counterparty  Credit Risk Management Guidance
    • 2013 Interagency Guidance on Leveraged Lending
  • Understanding of the 2016 New Accounting Standard on Financial Instruments – Credit Losses (also known as Current Expected Credit Losses or CECL)
  • Strong understanding of commercial and consumer lending segments such as large corporate, leveraged lending, real estate construction and development, and mortgage lending.
  • Strong understanding of credit processes and credit related controls
  • Supports the Head of Assignment and Audit team leads in their execution of their respective audit project.  The CCA Director acts to review and discuss issues with HOAs and Team Leads throughout the audit process.  The CCA Director with positively impact the audit process by providing timely review and challenge of key milestones (for example: planning scope memo, risk and related control matrix, sampling, etc.…).
  • 50% Tactical / 50% Strategic – The CCA Director is always involved in the audit process and always planning ahead to be successful in achieving the audit plan.
  • Maintains current on industry developments affected areas of assigned responsibilities
  • Demonstrates strengths in Credit and Counterparty Activities
 
 
 
Administrative/Technical Skills/ Other Information
 
Bank Audit Activities
 
•           Banking laws and regulations; region and branch banking operations; asset and liability management; treasury (including derivatives); lending (including evaluation of loan loss reserve, syndication desk, and other real estate owned); expenditures; deposits; PC and telephone banking (including FCC requirements); related systems; etc.
 
Credit and Counterparty Activities
 
•           Commercial and industrial lending; commercial real estate; trade finance; consumer lending; financial statement analysis; loan underwriting and structure; valuation;  highly-leverage transactions; accounting standards; Uniform Commercial Code; capital markets and other non-traditional credit areas including off-balance sheet credit risk; etc.
 
 
Level Supervised
 
  • Directly manages professional audit staff
 
The above statements are intended to describe the general nature and level of work being performed.  They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
 
Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law.   Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.  Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.