Sr. Real Estate Risk Reviewer

Job-:
Risk & Oversight

Location:

Pittsburgh, PA, United States;
Johnston, RI, United States

Schedule:

Full time, 1stPosted:
Closes:
Perform independent commercial real estate appraisal reviews on high complexity/risk properties.  The Senior Risk Reviewer will be assigned to larger exposure, more complex collateral typically resulting in greater risk to Citizens, whereby the reliance on experience is critical to identify major issues to protect the bank’s collateral position.  Ascertain compliance of appraisal reports with the applicable Citizens scope of work and federal regulatory requirements and guidance including, but not limited to:

Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA; 12 USC §3331, et seq.) and the implementing regulations promulgated thereunder by the Office of the Comptroller of the Currency (OCC) at 12 CFR Part 34 (“Real Estate Lending and Appraisals”) “Uniform Standards of Professional Appraisal Practice” (USPAP);“Interagency Appraisal and Evaluation Guidelines” (“Interagency Guidelines”), dated December 2010, issued by OCC as periodically supplemented by Financial Institution Letters;

and, “OCC Comptroller’s Handbook:
Commercial Real Estate Lending,” by the OCC, dated August 2013 (OCC Bulletin 2013-19). Responsibilities Manage risks associated with the commercial real estate appraisal and evaluation process for a given geographic market and/or assigned lending groups

Supervisory responsibilities may include administrative supervision and required process oversight, including adherence to internal policies and procedures to ensure regulatory compliance and appraisal industry requirements for assignments

Real estate risk identification, quantification and consulting (including discounted cash flow (DCF) analysis) for the various commercial lending and credit functions throughout Citizens Perform independent commercial real estate appraisal reviews of high complexity/risk properties including memorializing such review in a comprehensive written format for the benefit of internal customers (Relationship Managers/Portfolio Managers; Credit Officers);

Assist in the scoping and engagement of commercial appraisal/evaluation assignments, including third-party vendor selection, analysis type, report content, report format and contract authorization in accordance with policies and procedures.

Interact with senior management of Wholesale Credit Risk and Commercial Lending regarding projects especially for those properties that represented a higher degree or real estate risk or otherwise have identified appraisal issues or concerns.

Manage vendor relationships

Provide direct, responsive customer service to external vendors and internal customers (i.e., Relationship Managers/Portfolio Managers; Credit Officers) that RERS supports and serve as the primary liaison and point-of-contact with both internal customers and external vendors regarding regulatory requirements, identification and explanation of any issues of concern, and development/application of any potential risk mitigants.

Critical

Skills:

Risk Assessment Regulatory Environment Due Diligence Critical Thinking Analytical Reasoning Building Relationships Communicating Effectively Advising  Risk Exposure Calculation To thrive as a colleague at Citizens, candidates must demonstrate a strong customer-centric mindset, exhibit persistence and resilience in the face of challenges, and embrace continuous learning to adapt and grow in a dynamic environment.

Qualifications:

10+ years’ experience in diversified commercial appraisal experience and/or appraisal review positions

May either maintain or be pursuing their (MAI) designation

Thorough knowledge of real estate appraisal and valuations techniques as well as…