Director- Loan Review - Military veterans preferred

O'Fallon, MO | Maryland Heights, MO
Full time
JR1003

At Midland States Bank, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of short-term incentives (i.e. bonus and/or commission) and may include long-term incentives (i.e. stock awards). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, an Employee Stock Purchase Plan, 401K plan with company match and may include the opportunity to participate in our Non-Qualified Deferred Compensation plan. Incentives and benefits are subject to eligibility requirements.

Position Summary

The Director – Loan Review is a strategic leadership role within Midland States Bank, reporting directly to the SVP – Chief Risk Officer (CRO). This role is responsible for leading the independent Loan Review function to assess the credit quality, risk management practices, and portfolio trends across all lending areas, ensuring the Bank maintains a sound credit culture and adheres to regulatory requirements. The Director will provide senior-level insights and data-driven recommendations to senior leadership and Board Committees to proactively manage credit risk exposures. This role plays a critical part in identifying systemic issues, underwriting trends, emerging risks, and opportunities to enhance risk-adjusted returns while maintaining prudent lending practices.

Primary Accountabilities

People

• Manages a team of professionals in a customer-centric culture to excel in a fast-paced environment.
• Coaches, develops, and conducts performance management activities with direct and indirect reports.
• Identifies high-potential employees for advanced training and development opportunities.
• Effectively manages poor performers.

Loan Review Strategy and Execution

• Leads the Loan Review function to ensure it operates as a forward-looking, risk-based, and strategic function that provides meaningful insights to business leaders.
• Oversee independent loan portfolio reviews, ensuring a risk-focused approach covering commercial, consumer, residential, home equity, and lease portfolios.
• Develop and execute a comprehensive Loan Review plan, approved annually by the CRO and Board Committees, to assess credit trends, underwriting effectiveness, and portfolio concentrations.
• Assess and challenge risk ratings, ensuring appropriate risk classification and adherence to credit policy, loan structuring best practices, and collateral protection.
• Identify early warning indicators of credit deterioration or trends in the bank’s lending that could increase risk and recommend proactive measures to mitigate potential risks.
• Develop and present quarterly loan portfolio review reports with insights on credit trends, industry shifts, and regulatory considerations to bank and Board Committees.
• Prepares periodic reports and presentations for line management and Board Committees.
• Engage with regulators, auditors, and internal stakeholders, providing transparency and insights on the effectiveness of credit risk management practices.
• Collaborate with Credit and other business units to enhance loan underwriting, approval, monitoring, and problem loan management processes.
• Assess new and emerging risks in the lending environment, recommending changes to credit policies, loan structuring, risk appetite, and credit portfolio diversification strategies.
• Ensure regulatory compliance with federal and state credit and lending regulations.
• Manage and mentor a high-performing team, ensuring continuous professional development and knowledge-sharing across the organization.
• The role requires occasional travel for training and team meetings, and willingness to travel periodically, to locations within market as needed.
• Requires work in a Midland office to ensure collaboration and support of internal and external customers.?
• Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).
• Other duties as assigned.

Position Qualifications

Education/Experience:

• Bachelor’s degree in finance, accounting, economics and/or equivalent experience.
• Master’s degree preferred.
• Leadership of the credit function at a Bank with a minimum of $7.5B in assets.
• 10+ years of experience in credit review, loan portfolio risk management, or credit administration within a regulated banking environment.
• Strong knowledge of credit risk management, loan underwriting, asset quality assessment, and regulatory expectations for a $7.5B or larger bank.
• Demonstrated ability to interpret financial statements, industry risks, collateral structures, and legal documents to assess credit quality.
• Experience with ACL modeling, stress testing, and risk-based capital frameworks is a plus.
• Proven ability to engage with regulators, auditors, and executive leadership on credit risk and loan review matters.
• Strong analytical, leadership, and communication skills, with the ability to present complex credit matters to executive management and the Board.
• CFA, CPA, CRC, or RMA Credit Risk Certification is a plus.
• Demonstrated results-oriented problem solving and decision-making skills.
• Excellent oral, written, and interpersonal communication skills with the ability to instruct others, interpret documents, and write reports and correspondence.
• Excellent organizational and time management skills.
• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.

Competencies:

• Business insight
• Cultivates innovation
• Drives results
• Makes sound decisions
• Being a brand champion
• Collaborates
• Communicates effectively
• Customer focus
• Being Authentic
• Emotional Intelligence
• Self development
• Being flexible and adaptable

At Midland States Bank, we believe that when we can bring our whole selves to work each day, we become happier, more comfortable, more confident and more excited to do great things for our customers, each other and our company. We’re proud to be an Equal Opportunity and Affirmative Action employer. At Midland, we recruit, employ, train, compensate and promote without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. If you are looking for a place to grow, we encourage you to apply at Midland States Bank, because you belong here.

If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Midland States Bank Human Resources at HR@midlandsb.com.

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT

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