Credit Review Co-Source Manager
Reports to: Chief Auditor
Location: Seal Beach, CA
Job Code: PL268

The Credit Review (CR) Co-Source Manager will have full ownership, accountability, and responsibility of the credit review framework, audit plan, and risk assessment and ensure the third party firm provides sufficient expertise, resources, and quality standards to make sure that CR achieves compliance with Federal Reserve Bank (FRB) Supervision and Regulation Letter 20-13 (Interagency Guidance on Credit Risk Review Systems). The CR Co-Source Manager assists the Chief Auditor by providing direct oversight of the credit review co-source engagement activities performed by a third party firm. The CR Co-Source Manager will also ensure that co-source activities and documentation conform to the Internal Audit Charter and Standards (Standards).

Essential Duties – CR Co-Source Manager only
• Develop and maintain CR policies and procedures
• Manage the CR co-source partnership
• With Chief Auditor, approve 2024-2026 review plan
• Review and maintain quarterly risk assessment updates
• Provide annual plan updates to the Audit Committee, including scope changes/considerations
• Maintain 2-3 years’ forward-looking plan
• Validate remediated issues in accordance with the Standards
• Maintain centralized inventory “issue log” from reviews/continuous monitoring, including management responses/action plans and assigned due dates
• Determine final decision maker for any issue(s)/risk rating disagreements with business unit
• Monitor any outstanding issues and business unit remediation status
• Maintain review coverage tracking/targets
• Communicate scheduled reviews to business unit(s) and initial request list
• Coordinate system access needs for third party firm
• Schedule walkthrough meetings and status updates with business unit(s)

Essential Duties – CR Co-Source Manager and Third Party Firm
• Extract source data with appropriate attributes
• Perform sampling analytics, establish sampling criteria, and select review sample
• Establish centralized process for exception/missing item communication with business unit
• Assign issue and/or report ratings and management action plan (as appropriate)
• Draft and finalize report with recommendations
• Create Audit Committee packages and present materials as requested with quarterly minimum

Third Party Firm Only
• Line sheet attribute configuration/set-up/maintenance
• Perform loan file reviews and aggregate exceptions/missing items
• Lead status updates and create relevant materials (as needed)
• Perform quarterly updates to the risk assessment (e.g. quantitative/qualitative analysis)

Basic Knowledge, Skills and Abilities
• Ability to effectively manage activities of the third party firm
• Ability to effectively manage relationship between the third party firm and business unit(s)
• Sound judgment, integrity and commitment to ethical behavior
• Ability to maintain confidentiality and treat sensitive information with discretion
• Excellent interpersonal and communication skills, including presentation skills
• Flexible and able to adapt quickly to changing work environments/priorities and tight deadlines
• Proficient with MS Office products
• Strong analytical skills
• Ability to work independently
• Detail oriented, accurate, and organized
• Strong time management skills

Education and Experience
• BS or BA Degree required, preferred majors in Accounting, Business Administration, Finance, or Economics or equivalent work experience required
• Fifteen or more years of credit review, credit (including underwriting or administration), credit risk management or related experience required
• Banking/financial services experience required
• Thorough knowledge of effective credit review practices and bank regulatory standards • FRB/State regulatory experience preferred

Estimated salary range (DOE): $138K to $194K (possible signing bonus) plus annual bonus, medical, dental, vision, life, 401K, profit sharing, vacation

Email resume in MS/Word format to Guyot@Bankers-Search.com
Or contact Keith Guyot at 310-823-1400