Senior Credit Risk Review Officer – Private Credit

This is a fully remote position, open to applicants in Ohio.

📋 Description

• Conduct thorough reviews of individual credit files to evaluate the quality of underwriting and portfolio management.

• Independently verify and adjust risk ratings as deemed necessary.

• Execute comprehensive credit risk assessments and select loan samples based on risk insights.

• Identify loans exhibiting potential or clearly defined weaknesses.

• Analyze trends impacting the quality of the loan portfolio and pinpoint potential problem areas.

• Evaluate compliance with internal credit policies, procedures, laws, and regulations.

• Lead reviewer teams during Credit Risk Reviews (CRR) examinations.

• Review credit portfolios and compile reports with conclusions and recommendations.

• Assess complex commercial private credit transactions, including underwriting structures, borrower performance, cash flow sufficiency, covenant compliance, collateral coverage, and repayment capacity.

• Evaluate activities related to First and Second Line credit risk management, independently challenging underwriting decisions, risk ratings, portfolio monitoring, and risk governance.

• Review portfolio credit performance, concentration risks, industry exposure trends, and emerging credit risk themes.

• Assess lending alignment with the Bank’s Risk Appetite Statement, credit policies, and regulatory expectations.

• Evaluate portfolio surveillance, management of watchlists, identification of criticized assets, stress testing, and early warning indicators.

• Collaborate with business leaders, Credit Risk Management, Portfolio Risk teams, and regulatory bodies.

• Present findings and credit risk issues to senior and executive management.

• Lead or oversee complex reviews and ad-hoc projects.

• Mentor and guide junior team members.

• Engage in special projects, ongoing credit risk intelligence efforts, and training initiatives.

• Identify opportunities for continuous improvement and implement change strategies.

• Perform additional duties as assigned.

⛳️ Requirements

• 7+ years of applicable credit experience.

• Previous credit risk review experience is preferred.

• A Bachelor's Degree is preferred.

• A Master's Degree is preferred.

• Credit Risk Certification (CRC) is preferred.

• Moody's Analytics Certificate in Commercial Credit is preferred.

• Advanced understanding of private credit and direct lending structures, including sponsor-backed financing, unitranche facilities, mezzanine debt, recurring revenue lending, and other complex lending arrangements.

• Expert credit skills, including the ability to independently assign risk ratings in accordance with Key’s internal policies, risk rating methodologies, and external regulatory guidance.

• Exceptional business writing and communication skills.

• Ability to prioritize and manage multiple assignments, identify obstacles, communicate delays, and delegate tasks as required.

• Strong leadership skills, including the capacity to lead complex reviews or ad-hoc projects, manage staff, and provide performance feedback.

• Ability to work independently while also collaborating as necessary.

• Capability to thrive in a culture that values respect, personal accountability, and Diversity, Equity, and Inclusion.

• Compliance with relevant laws, regulations, and KeyBank policies and procedures.

• Willingness to travel occasionally, including overnight stays.

🏝️ Benefits

• Eligibility for incentive compensation, which may encompass production bonuses, commissions, and/or discretionary incentives.

• Flexible options for working in a mobile environment when the role can be effectively performed outside the office.

• Reasonable accommodations for qualified individuals with disabilities or disabled veterans.