Senior Credit Risk Review Officer: Private Credit

Location:

For Those Who Work At Home, Ohio

Job Summary Credit Risk Review (CRR) is considered part of the third line of defense. CRR is accountable to the organization's Chief Risk Review Officer and Key Corp Board of Directors and is responsible for performing the organization's loan review function. This is accomplished through completion of an annual review plan, which may include both periodic and continuous file review. The CRR team is responsible for ensuring accurate and timely risk ratings to assess the credit quality and identification or confirmation of problem credit risk exposures.

The team is also accountable for providing an objective, independent and timely assessment of the overall quality of the loan portfolio. The team is responsible for evaluating the activities of lending personnel and management, including compliance with lending policies and the quality of their loan approval, monitoring, and risk assessment. Lastly, the team will perform continuous loan review and monitoring including interaction with Line of Business executives and Credit Risk Management to identify potential shifts in credit risk.

The Senior Credit Risk Reviewer will work with a team of reviewers to conduct individual credit file reviews to assess the quality of underwriting and portfolio management activities of the lending relationship and principally to independently validate and, if necessary, adjust the risk ratings; perform active, dynamic, and comprehensive credit risk intelligence with the ability to leverage insights to determine loan sample selection;

identify loans with potential or well-defined weaknesses; perform timely and comprehensive analysis to identify trends that affect the quality of the loan portfolio and potential problem areas; assess the adequacy of and adherence to internal credit policies and procedures and monitor compliance with applicable laws and regulations; and maintain an up-to-date working knowledge of consumer credit review methodologies and regulatory expectations.

During a CRR exam, the Senior Credit Risk Reviewer, in addition to individual credit file reviews, will be asked to lead a team of reviewers, conduct reviews of credit portfolios, and write reports of conclusions and recommendations resulting from the reviews. The Senior Credit Risk Reviewer will be an advisor to junior team members. Reviewer will also participate in special projects, and complete ongoing credit risk intelligence activities and related training.

Essential Functions Assess complex commercial private credit transactions, including evaluation of underwriting structure, borrower performance, cash flow adequacy, covenant compliance, collateral coverage, and repayment capacity.

Evaluate the effectiveness of First and Second Line credit risk management activities, including independent challenge of underwriting decisions, risk rating practices, portfolio monitoring processes, and risk governance frameworks.

Review portfolio-level credit performance, concentration risk, industry exposure trends, and emerging credit risk themes to identify potential adverse impacts to portfolio quality.

Assess alignment of lending activities with the Bank's approved Risk Appetite Statement, credit policies, and regulatory expectations.

Evaluate ongoing portfolio surveillance methodologies, including watchlist management, criticized asset identification, stress testing, and early warning indicator monitoring.

Demonstrate advanced knowledge of private credit and direct lending structures, including sponsor-backed financings, unitranche facilities, mezzanine debt, recurring revenue lending, and other complex lending arrangements.

Partner effectively with business leaders, Credit Risk Management, Portfolio Risk teams, and regulators to provide independent insight regarding emerging credit risks and portfolio quality.

Demonstrate expert credit skills including the ability to independently assign risk ratings based on Key’s internal policies and risk rating methodologies, as well as external regulatory guidance.

Exhibit ability to work independently towards goals, seeking information and collaborating, as necessary.

Consistently demonstrate expert business writing skills and the ability to cohesively present information effectively to others including the delivery of findings and other credit risk matters to senior and executive management.

Prioritize and execute multiple assignments; identify obstacles within the scope of assignments; proactively…