Loan Review Officer Sr

About the role

The Loan Review Officer (LRO) Sr. is a member of the Corporate Risk Department of UMB Financial Corporation. The role involves executing the internal loan review program to assess the quality, quantity, direction, and overall credit risk in the organization.

Responsibilities

• Operate within the Loan Review Charter and Loan Review Manual as approved by the UMBFC Board Risk Committee.
• Conduct individual loan reviews within the schedule determined by the Director and approved by the Risk Committee.
• Review individual loans and loan portfolios to ensure underwriting credit analysis is sound and justifies/mitigates the identified credit risk.
• Absess the overall quality of the loan portfolio and the adequacy of loan administration practices by reviewing a pool of individual loans.
• Identify actual and potential loan problems at the earliest possible time and make recommendations to remediate credit weaknesses.
• Measure compliance with established policies/procedures and with laws and regulations.
• Interact with loan officers, commercial team leaders, and commercial group managers to discuss and evaluate individual credits, compliance with policy, and appropriateness of loan administration functions.
• Act as Reviewer in Charge by coordinating the review process of a lending unit or portfolio of loans. This includes identifying the scope of loans to review, developing a timeline for the review, consolidating the data from the individual loans review, writing the Loan Review Report, presenting findings to senior and executive management.
• Aid in training, development, and mentoring of new associates in the department.

Requirements

• Minimum Bachelor’s degree in Business, Finance, Accounting, or an equivalent combination of education and experience.
• Minimum 8 years of commercial banking experience in credit analysis, credit administration, lending, or loan review.

Preferred

• 5 years of Loan Review or Bank Examiner experience.

Bonus Points

• Demonstrate ability to work with highly confidential and sensitive information.
• Demonstrate extensive lending knowledge and experience with complex credits.
• Demonstrate well-developed credit analysis abilities.
• Demonstrate the ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents.
• Demonstrate strong written and verbal communications skills.

Qualifications

• Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents.
• Strong written and verbal communications skills.

Skills

• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Proficiency in Microsoft Office Suite.

Benefits

• Compensation Range: $83,200 - $131,000
• Benefits: Paid Time Off, 401(k) matching program, annual incentive pay, paid holidays, comprehensive benefit plan including medical, dental, vision, and other insurance coverage, health savings, flexible spending, and dependent care accounts, adoption assistance, an employee assistance program, fitness reimbursement, tuition reimbursement, an associate wellbeing program, an associate emergency fund, and various associate banking benefits.