Director, Credit Job Description
Director, credit
provides timely credit decisions within delegated credit authority and ensure credit approvals are within credit policy standards, and compliant with applicable US regulations.
Director, Credit Duties & Responsibilities
To write an effective director, credit job description, begin by listing detailed duties, responsibilities and expectations. We have included director, credit job description templates that you can modify and use.
Sample responsibilities for this position include:
Recommend policy and procedural changes to executive management and business and credit units to correct deficiencies identified during credit reviews and strengthen the credit process
Create and deliver monthly credit score card/credit statistics reports to senior field management, and highlight areas of concern/opportunities
Collaborating with Line and Risk staff on the writing of new and revised credit policies, and managing these through the vetting and approval process which culminates with our Commercial Chief Credit Officer
Maintains abreast of industry and other financial institution developments to remain informed of trends in consumer credit, private banking, and credit risk management
Work with the Head of Credit Products British Isles to further develop and execute the delivery of credit marketing strategies throughout The British Isles
Assists the Credit department in its business development activities, including client visits, participate in credit
Responsible for the independent risk management role over the $70 billion structured credit portfolio (CMBS, Non-Agency RMBS, GSE Agency MBS, ABS, and CDO)
Coordinate review of credit relationships to validate accuracy of risk ratings, quality of analysis, adequacy of documentation and collateral valuation
Assist in the development of a credit review staff that is experienced with skill sets that are commensurate with the U.S. loan portfolios’ size and complexity
Assist in the development of a credit review staff that is experienced with skill sets that are commensurate with the EMEA loan portfolios’ size and complexity
Director, Credit Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Director, Credit
List any licenses or certifications required by the position: SAS, CFA, PMP, NACM, MBA, FRM, CA, CPA, CBF, CBA
Education for Director, Credit
Typically a job would require a certain level of education.
Employers hiring for the director, credit job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Business, Accounting, Economics, MBA, Education, Statistics, Management, Business/Administration, Engineering
Skills for Director, Credit
Desired skills for director, credit include:
Applicable Microsoft Office applications
Regulations impacting area supported
Risk and the regulatory environment
Especially those of regulatory entities that perform oversight of the banking industry
Credit
Retail and Consumer sectors
Credit cards
Current federal and state laws and regulations
Applicable product related regulations
CRE market conditions
Desired experience for director, credit includes:
Provide top level findings and recommend strategies from these analyses
Identify third parties for brand right partnership efforts with the focus of driving new customers to the brand
Provide counsel to business partners including senior business leaders portfolio management, traders, product development, research, audit, and finance on overall risk management issues
Ability to interact with portfolio managers, traders and research analysts and challenge the effectiveness of strategies and models employed
Ability to think critically, comprehend detailed business, technology and risk concepts and develop and defend an independent position based on a pragmatic and balanced assessment
Graduate degree in Finance, Business or quantitative discipline accompanied by a relevant professional designation
Director, Credit Examples
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Director, Credit Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of director, credit. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for director, credit
- Working with the Line of Business and the Risk Organization on changes in approval rules and credit authorities to enhance efficiency, clarity, and oversight
- Being a policy Subject Matter Expert available to answer questions on approval and other rules governed by Credit Policy
- Regulatory or other specialized credit expertise
- Approves credit risk management decisions
- Responsible for recommending credit applications over assigned approval limits to senior approval authority
- Partner with Credit Managers and Underwriters to develop effective and complete loan application packages to ensure a streamlined application/approval process
- Developing creative and customized credit structures tailored to the needs and financial position of the high net worth customer base
- Develop & Maintain NPV Models for the Credit Cards, Personal Lending & Auto Finance Portfolios and develop new Segmentation techniques to improve portfolio profitability
- Support the development and maintenance of the data infrastructure as it relates to Credit Cards, Personal Lending and Auto Finance portfolios and provide clear, concise and insightful reporting to senior management on all relevant matters related to portfolio quality
- Continuously review credit processes, and make recommendations for enhancements
Qualifications for director, credit
- Proficient programming skills
- Solid capability and interest in excel / financial modeling / technology
- Ensuring property oriented lending and analysis is consistent with the Bank's lending parameters and in line with the lending strategy
- Formulating and following through on any questions and confirming that the structure and risk of transactions are appropriately aligned with the Bank's parameters
- Researching, analysing and developing a comprehensive database of market information for utilisation at both a transactional and portfolio level
- Working in partnership with a number of real estate businesses, you will assess a range of complex transactions, from opportunistic higher risk debt and equity positions with appropriate return profiles to lower risk lending, including to support advisory or debt and equity underwriting mandates
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Director, Credit Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of director, credit. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for director, credit
- Ensure the Credit team provides appropriate and responsive service to the service delivery principals through understanding the client base, collection goals and day-to-day performance management of the A/R team
- Develop and direct the preparation and communication of credit management reports addressing the needs of each respective audience
- Establish credit/collection management and project goals, monitor/measure performance redirecting activities as required to achieve desired result and with an eye toward continuous process improvement
- Clearly and continually communicate credit policies and procedures in a manner understandable to the service delivery teams
- Detailed analysis and credit approvals/requirements for new proposals
- Train and develop group in higher levels of credit and financial analysis
- Training Line and Risk staff on changes in Policy
- The ability to work independently and deliver high quality work product
- The ability to create and deliver presentations
- Collaborates with Bancorp and Affiliate business partners (Commercial, Investment Advisors, Mortgage/Retail/Affiliate Administration) to achieve Consumer Lending strategic objectives
Qualifications for director, credit
- Well developed negotiation and influencing skills
- Aptitude to utilize major mainframe operating systems (Salesforce, PeopleSoft, Oracle, SAP, ) and Microsoft Excel, PowerPoint, Word and Access
- 5 years of experience in supporting, partnering, and interacting with internal business partners
- Excellent communication – written and verbal in both English and French
- Resolve or facilitate resolution of escalated issues
- In-depth knowledge of the Bank’s lending policies, practices and procedures, awareness of business trends economic, technological, social, legal and political conditions and factors which could affect the viability of a credit
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Director, Credit Job Description
Job Description Example
Our growing company is looking for a director, credit. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for director, credit
- Provide input on strategic direction of improvement initiatives related to core credit systems and credit applications
- Lead the research, strategy and business case development, PAR creation, and implementation of leading-edge credit processes for Commercial clients
- Lead a team of direct reports, project personnel and stakeholders in the development and implementation of a series of specific initiatives to transform the end-to-end credit process for Commercial clients
- Lead a team of 3 direct FTEs in the development, implementation and on-going management of Commercial credit strategies, policies and processes
- You are expected to influence executives and other key decision makers by leveraging his/her extensive sales, risk, product and credit experience and, logical approach to problem solving his/her excellent ability to present and communicate
- Improve client LTR ratings related to the extension of credit
- Implementation of high-level data-flow and functionality enhancements identified as part of ongoing development of ESN-D
- Definition, development and implementation of Foreign Banking Organization (FBO) requirements
- Definition, development and implementation of requirements associated with Risk Data Aggregation and Reporting (RDARR) requirements
- Identification of incorporation of residual ESN-M information (such as capital) and functionalities into ESN-D to ensure smooth transition from ESN-M to ESN-D
Qualifications for director, credit
- Knowledge of quantitative concepts, for the development of credit scoring and market risk models, is an asset
- Demonstrable experience of conceptual design and implementation of management information systems
- Minimum 5 years Credit Sales experience in Investment Bank based in Japan
- Monitor and manages cash flow, and bad debt expense to ensure business goals are met and maintained
- Document processes for SOX compliance
- Prepare Accounts Receivable customer summary reports on highest risk accounts including recommendations for resolution and effectively initiate corrective actions on negative trends
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Director, Credit Job Description
Job Description Example
Our company is looking for a director, credit. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for director, credit
- Administer bank policies and procedures
- Develop plans for expansion of lending into new product and markets
- Successfully leveraging and partnering with other areas of expertise within the bank to develop comprehensive solutions
- Acting as a key member of the senior management team within Canadian Private Banking, you will work within a strategic market segment with strong growth opportunities and have the opportunity to manage a diverse and growing team, while working with high net worth customers and their financial advisors
- Manage analyst(s)
- Analyze delinquent accounts and high risk accounts
- Minimize bad debt exposure/risk, balancing with sales optimization
- Effectively manage collection efforts for invoices and chargebacks
- Manage chargeback deduction process, including internal authorizations for markdowns, advertising allowances, and other valid deductions
- Partner with Compliance Department to drive chargeback expense reductions
Qualifications for director, credit
- Experience in wholesale banking, including some experience in of Leveraged Finance, Investment Banking, Commercial Banking, Markets/Treasury/Credit
- Good leadership, communication and negotiating skills including ability to articulate the case for risk management recommendations and decisions in the language of business
- Good understanding of other areas of risk, market, operational, legal, reputational
- Working knowledge of Commercial Banking Systems (eg., the HUM, SDR, e-tracker, PMR, ClientNet)
- Bachelor’s degree in business, math, economics, statistics, or technology and seven years of experience in a credit card environment focused on analytics and/or data management
- May require several business trips per year with overnight travel
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Director, Credit Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of director, credit. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for director, credit
- Perform strategic planning and priority setting for credit management and cash applications department
- Primarily concentration on root cause/resolution of new payment/credit discrepancies
- Develop written process documentation for the credit management and cash applications cycles for multiple legal entities
- Establish work standards, develop objectives and design/maintain effective work-flows and operating procedures for staff
- Provide effective and timely hands-on support to the service delivery teams and finance department, comprehensive, proactive and timely updates to leadership, CEO, President of US Operations, President of Global Shared Services, CFO and other service delivery leads
- Develop the A/R organization through on-going coaching, goal-setting, performance management and training
- Develop and maintain close working relationships across the organization and with clients
- Negotiate the resolution of collection matters with customers, engaging service delivery, third-party collection agencies and legal counsel, as necessary
- Continuously identify and develop people, process and system improvements to maximize the efficiency and effectiveness of the department in serving the service delivery organization and our clients
- Establish appropriate metrics to measure and monitor performance
Qualifications for director, credit
- MBA (or equivalent) with finance or economic focus or equivalent professional experience
- Charter Financial Analyst (CFA) or Financial Risk Manager (FRM) designations
- Knowledge of trading products and related documentation
- Experience in modeling and evaluating CRE lending programs
- Ten+ years related work experience or six to eight years with advanced degree or professional certification (MBA, CPA)
- Demonstrated ability to understand and study underlying industry related data and factors