VP, Commercial Credit Risk

Responsibilities

• Second Line Review of Commercial Loan Originations
• Perform independent second line of defense review of all commercial credit originations
• Provide risk-based challenge to first-line underwriting assumptions
• Document independent risk opinions and escalate material credit concerns to the CCRO and/or Credit Committee
• Conduct financial and risk assessment reviews (payer mix, reimbursement rate sensitivity, regulatory/compliance risk) of Health Care providers (skilled nursing, assisted living, hospitals)
• Review credit exposures associated with Fintech partnership lending programs, ensuring appropriate risk assessment of program-level and individual credit risk characteristics
• Risk Rating Scorecard Enhancements
• Support the design, development, and ongoing enhancement of internal credit risk rating scorecards and methodologies
• Collaborate with credit risk analytics and data teams to validate scorecard performance, calibrate rating thresholds, and ensure alignment with regulatory expectations (FDIC guidance, Interagency Policy Statements)
• Review of Annual Reviews, Rating Upgrades/Downgrades & Impairment Analysis
• Oversee and independently validate the annual review process for the commercial loan portfolio, ensuring timely completion, appropriate financial analysis, and accurate risk rating assignment
• Review and approve/challenge proposed rating upgrades and downgrades, ensuring consistency with the bank's rating philosophy and supportable by borrower financial performance and market conditions
• Conduct or validate impairment analyses (ASC 310/326) for credits exhibiting signs of deterioration
• Portfolio Monitoring & Reporting
• Monitor portfolio-level credit quality indicators across all segments, including delinquency trends, watch list migration, concentration levels, and criticized/classified asset ratios
• Partner closely with the Allowance/CECL team to support specific reserve (individual assessment) analysis for impaired or deteriorating commercial credits
• Policy & Governance
• Maintain, review and update the Commercial Lending Policy and Procedures

Qualifications

• Bachelor's degree - in Finance, Accounting, Economics, or a related field (required)
• Master's degree (MBA) or professional certification (e.g., CFA, CRC, FRM, RMA-CCRM) (preferred)
• Minimum 10 years of progressive experience in commercial credit risk, underwriting, or credit portfolio management within a banking environment, preferably at a community or regional bank
• At least 5 years in a second line of defense, credit review, or senior credit risk management role
• Demonstrated experience with CRE, Construction, Lender Finance, C&I, SBA and/or Health Care lending portfolios
• Understanding of CMS/Medicaid/Medicare reimbursement dynamics and Health Care regulatory and licensure risk factors
• Experience with FDIC and/or OCC regulated institutions strongly preferred
• Prior involvement in regulatory examination preparation and response
• Experience with or exposure to Fintech/BaaS lending programs and third-party risk management is a significant plus

Salary Range

$200,000.00 - $225,000.00

Benefits

Commensurate with experience

Pay

TBD

Schedule

TBD

Company Information

Guided by a culture of collaboration, curiosity, and purpose, Cross River has been named one of American Banker’s Best Places to Work in Fintech year after year.

All employment is decided on the basis of qualifications, merit, and business need.

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