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Credit Risk Officer II - Remote

Posted 1 week ago
Finance / Legal
Full Time
VA, USA
$95,000 - $105,000/year

Overview

Locus Bank is seeking a skilled, detail-oriented, and results-driven professional to serve as Credit Risk Officer II, focusing on assessing risk and managing distressed assets to mitigate potential losses.

In Short

  • Manage and oversee distressed loans and special assets.
  • Develop recovery strategies for non-performing loans.
  • Conduct thorough analysis of distressed assets.
  • Negotiate and restructure troubled debt.
  • Collaborate with legal teams on loan workouts.
  • Monitor existing loan portfolios for credit deterioration.
  • Ensure compliance with credit policy and regulations.
  • Assist with loan disbursements and budget monitoring.
  • Provide regular updates on distressed assets to management.
  • Maintain accurate records of special asset activities.

Requirements

  • Bachelor's degree in Finance, Accounting, or related field.
  • 5+ years of experience in credit risk management.
  • Strong knowledge of credit analysis and risk assessment.
  • Excellent negotiation and problem-solving skills.
  • Proficiency in financial modeling and credit risk tools.
  • Strong communication and interpersonal skills.
  • Knowledge of regulatory compliance standards.
  • Ability to work independently in a remote environment.

Benefits

  • $95,000 - $105,000 annual salary.
  • Annual bonus opportunity.
  • 18-days of PTO per year.
  • 13-paid holidays per year.
  • Medical, dental, and vision insurance.
  • 401k savings plan with employer match.
  • Paid Family Leave options.
Locus logo

Locus

Locus is a nonprofit organization dedicated to fostering equitable access to capital within communities, particularly those that are low-to-moderate income. By collaborating with various stakeholders in the community development ecosystem, Locus addresses critical challenges such as affordable housing, access to fresh food, quality job creation, and clean energy innovation. The organization operates a family of community development enterprises, including a nonprofit CDFI loan fund, a CDFI bank, and a national guarantee program, generating over $2 billion in total impact. With a commitment to community input and impact, Locus aims to ensure that everyone can thrive in healthy environments, offering innovative financing tools and strategic consulting services. Locus is regulated by the Federal Reserve and is an FDIC-insured, certified bank and B Corp, emphasizing its dedication to socially responsible investing.

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