Credit Risk Associate Jobs in Cincinnati, OH (NOW HIRING)

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GENERAL FUNCTION: Under minimal supervision, perform duties that are highly complex and require specialized knowledge of loan and line products as well as collateral documentation. Specialists II are responsible for loan documentation review from internal and external counsel, and processing within stringent timeframes in order to reduce risk of financial loss and reputational risk for the Bancorp. The Specialist II is also responsible to insure all document and collateral perfection requirements have been met in order to satisfy the Bancorp's position and security interest.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Performs in-depth review of loan packages valued between $50k and $600mm, insuring that all required loan documents are received from the loan closing and properly executed per required credit approval. These documents will vary greatly from loan to loan, due to preparation by various external legal firms. This process review will include loan life-cycle reconstruction, perfection of all new collateral (e.g. file UCC, mortgage recordings, insurance assignments, etc) and the creation/update of collateral records.

• Identifies any missing required documents and inputs, updates and deletes exceptions on the banks exception system.

• Proactively communicates issues with RMs, PMs, U/W, BBOs, Branch Managers and Middle Office, External Council, Courthouses, and Federal and State Agencies.

• Partners with key line-of-business stakeholders to minimize risks in the end-to-end Commercial loan process.

• Proactive in identifying potential risks and concerns while consulting with management to resolve issues within the guidelines established.

• Initiates the collateral and guarantor release process in conjunction with appropriate credit approval

• Works with internal departments during Credit Risk Reviews and Internal Audits regarding loan document questions, tickler monitoring and exceptions.

• Assists Banking Center and Relationship Manager personnel with questions and information

• Utilizes complete understanding of state laws related to commercial notes and perfection and full understanding of executed new and renewal loan packages.

• Conveys ability to negotiate and collaborate with others, initiate action, adapt to change, make difficult decision while considering the risk and accepting challenging assignments.

• Initiates holds on various Retail and/or Brokerage accounts from intensive review of required legal language contained within loan documentation.

SUPERVISORY RESPONSIBILITIES: None.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• Associates degree or 2+ years experience of review and/or processing of legal documents.

• 3 years experience with a focus on internally and externally prepared loan documentation, collateral perfection, or related work experience.

• Knowledge of Pre and Post Article 9 rules governing the perfection of UCC related collateral.

• Knowledge of filing requirements for unique collateral such as equine, airplane engines, assignment of contracts and assignment of membership interests.

• Knowledge of federally regulated programs such as Reg H, Flood, CIP

• Strong time management and organizational skills evidenced in previous assignments.

• Demonstrates an understanding of applicable bank policies and procedures.

• Strong knowledge of loan documents and requirements.

• Strong knowledge of commercial lending and loans.

• Thorough understanding of all Business Banking and Commercial loan products.

• Thorough knowledge of Business Banking and Commercial Lending Credit Policy/Guidelines.

• Thorough knowledge of loan documentation, collateral evaluation, lien perfection, local, state and federal regulatory requirements.

• Strong knowledge of states laws related to commercial notes and collateral perfection.

• Strong knowledge of B2B, CCAS, AFS, ACBS, Loan Doc Prep System, and other banking systems preferred.

• Strong personal computer skills with demonstrated knowledge of Microsoft Excel, Word, an Outlook.

• Self-starter and works with minimal direction.

• Strong analytical, verbal and written communication skills.

• Strong negotiation skills.

• Strong interpersonal skills and team orientation.

• Ability to meet deadlines under pressure.

• Ability to appropriately escalate issues requiring problem solving and decision making.

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At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes - no matter how they are submitted - will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.