Position Summary

The Director Loan Review is the senior management role responsible for development, implementation, and oversight of the Bank’s loan review function. This position is responsible for the development, execution, and leadership of loan review and related risk management activities to ensure that acceptable credit standards are maintained, and that loans and related documentation conform to the Bank’s policies and procedures as well as regulatory requirements. This position is also responsible for reporting and presenting findings and recommendations to Regional Leadership, Relationship Management, and Credit Administration, but may also report to the Audit Committee and the Bank’s Board of Directors.

Duties & Responsibilities

• Supervise, direct, develop, and evaluate engaged and accountable Loan Review and analytical staff.
• Partner with the CLRO for Loan Review strategic planning & risk assessments.
• Implement and oversee ongoing risk-based loan review programs for Commercial, Residential Mortgage, and Retail Loan portfolios.
• Coordinate review of credit relationships to validate accuracy of risk ratings, borrowers’ ability to repay, adequacy of documentation and collateral valuation and perfection.
• Implement and oversee programs to analyze loan portfolio to identify:
• Existing and/or emerging issues relating to credit quality and risk;
• Gaps in underwriting, approval, monitoring, relationship management and credit administration activities;
• Portfolio concentrations; and
• Trends, overall condition, and emerging risks within the loan portfolios
• Prepare periodic reports and presentations summarizing findings and recommendations to Chief Credit Risk Review Officer and Regional Leadership.
• Recommend policy and procedural changes to Loan Relationship Management and/or Credit Departments to prevent and/or correct deficiencies identified during the loan review process.
• Develop, implement, and oversee programs for forecasting potential credit losses, identifying and assessing risks associated with new credit products, and analyzing economic and industry data to measure potential impact on Bank’s loan portfolio.
• Recruit and hire Credit & Audit Analyst personnel in coordination of the development of a training program for potential analysts with limited to no Loan Review experience.
• Manage and expand usage of the Loan Review system (DiCOM).

Education & Experience

Knowledge of:

• Strong oral and written communication skills
• Project management and leadership skills
• Banking laws, regulatory guidance, GAAP

Ability to:

• Multi-task and work independently
• Perform duties under frequent time pressures
• Solve problems independently while applying logic and discretion

Education & Experience:

• Bachelor’s degree in finance or business – required
• 8+ years of credit experience – loan review, regulatory examiner, credit or financial analysis – required
• Formal credit or credit/loan review certification - preferred

Benefits and Compensation

Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance.

(Base Pay Range: $135,000 - $185,000/year)

Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being—now and in the years to come—are important to us. Busey’s Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information.

Equal Opportunity

Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey’s commitment of delivering service excellence. Busey  is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey’s Equal Opportunity Employment.

Unsolicited Resumes

Busey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies (“Agency”), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings (“Agreement”). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.