Auditor Manager - Credit Risk

At Celtic Bank we are growing while both delivering the financial services desired by our customers and maintaining a strong risk management culture.  In safeguarding our expansion, we are enhancing controls and risk management practices.  Accordingly, we are seeking a talented and experienced Audit Manager to lead and continue developing a credit risk audit program.

Position Overview:

The Audit Manager will have responsibility for operating a credit audit program to sustain portfolio asset quality and drive sound credit administration practices.  Additionally, a key objective will be identifying credit activities which may present elevated business risk.  This entails planning and conducting horizontal and targeted reviews assessing effectiveness of credit management activities.  Success in the role will leverage past relevant experience and utilize risk-based auditing/exam principles.  These include executing sound testing strategies while analyzing information and data in the identification of systemic weaknesses.  Also, essential is a knowledge of credit administration processes and a solid understanding of applicable Banking Laws, Regulations, and agency guidance.  An objective will be driving compliance with interagency guidance and best credit risk management practices, while working closely with senior management.  Presentational aptitudes are also necessary as regular reports covering results and needed corrective actions being required are provided to leadership and bank Directors.

At Celtic Bank, we foster an environment where everyone plays a valuable role in our shared success. As we continue growing, this is an exciting opportunity to influence and lead a key program within the bank’s risk management framework.  If you’re looking for a dynamic role where you can have an impact, we’d love to hear from you!

Responsibilities:

• Orchestrate an audit program analyzing credit portfolio and administrative risks through regular testing activities.   Developing evaluation strategies to address varied credit profiles encompassing credit underwriting, portfolio management, and documentation approaches.
• Compile, interpret, and report leading performance metrics used to monitor portfolio health.
• Regularly review and evaluate loan [pool] quality, including underwriting standards and credit policy adherence, collateral adequacy, and borrower performance trends.
• Review credit files in evaluation of borrower financial stability, cash flow capacity, and collateral quality; identifying shortfalls that could lead to future debt-servicing weaknesses.
• Periodically assess loan portfolios of varied characteristics ensuring consistent, appropriate risk grades are maintained with timely grade changes occurring as necessary.
• Work with senior management to develop strategies for managing identified problem loans, including determining corrective actions needed and providing recommendations.
• Prepare and present management reports covering loan quality, risk concentrations, loan classifications, and other performance metrics to Board Committee Directors and executive management.
• Provide credible challenge, offer solution recommendations, and influence action(s) taken based on sound conclusions.
• Collaborate cross-functionally with various teams involved in lending processes to identify and address concerns, while facilitating enhancement of processes or systems.
• Maintain the necessary independence of loan production and credit review processes conducted within the business ensuring impartiality of risk assessment and loan analysis activities.
• Remain current with regulatory requirement changes, industry best practices, and economic trends impacting the broader credit environment.

• A Bachelor’s degree of Finance, Accounting, Business Administration, or a related field of study (a Master’s degree and professional certifications, such as CPA or CFA, are viewed favorably).
• Six plus years of professional experience in financial audit, credit risk management, loan review, or a similar commercial financing role within a financial institution.
• A well-developed understanding of commercial credit production processes that support loan underwriting, portfolio management, and credit-box administration activities.
• Working familiarity of Regulatory Interagency Guidance on Credit Risk Review Systems.
• Established experience with conducting and managing credit audits, loan review functions, or similar oversight within a banking setting.
• Strong analytical and problem-solving skills, demonstrating the ability to evaluate loan quality, identify various risk exposures, and recommend appropriate improvements.
• Excellent communication and interpersonal skills are necessary, with an ability to report on complex situations to senior leadership and Board members in clear and concise terms.
• Ability to effectively write comprehensive reports conveying meaningful conclusions, supported, when necessary, by well document critical issues.
• A demonstrated ability to work independently while collaborating effectively with cross-functional teams.

BENEFITS

• Medical, dental, vision
• 401(k) with employer match
• Life and long-term disability coverage
• HSA and FSA plans
• Holidays and paid time off requests
• Robust wellness program (we’re talking catered meals three times a weeks, lunch and learns, and onsite gym.)

Headquartered in the heart of downtown Salt Lake City, Utah, Celtic Bank was named a top SBA lender in the nation in 2024! Celtic Bank is a leading nationwide lender specializing in SBA 7(a), SBA 504, USDA B&I, express loans, asset-based loans, commercial real estate loans and commercial construction loans.

Celtic Bank is an equal opportunity employer and complies with all applicable federal, state and local fair employment practices laws.

Physical and Other Requirements

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. The demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

• Stationary Work: The employee is frequently required to stand; walk; use hands to type, handle documents, and perform other office related duties. Exerting up to 10 pounds of force occasionally and/or negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects.
• Mobility: The employee in this position needs to occasionally move between work sites and inside the office to access file cabinets, office machinery, etc.
• Communicate: The employee is regularly required to talk or hear and will frequently communicate with others. Must be able to read, write and understand fluent English.

• Work Model: The employee in this position will work either a fully Onsite, or Hybrid work model. All employees, regardless of location, may be required to travel to the Salt Lake City office for mandatory company meetings, events, or related occasions.
• Utah-based employees: Hybrid work schedule available after initial training period in our Salt Lake City, Utah office – department and job requirements will determine eligibility.