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KeyBank Senior Credit Officer in Cleveland, Ohio

Senior Credit OfficerinCleveland, OHatKeyBank

Date Posted: 10/17/2020

Job Snapshot

  • Employee Type: Full-Time

  • Location: 127 Public Square Cleveland, OH

  • Date Posted: 10/17/2020

About Us

Headquartered in Cleveland, Ohio, KeyCorp (Key) is one of the nation s largest financial services companies. Key provides investment management, retail and commercial banking, consumer finance and investment banking products to individuals and companies throughout the United States and, for certain businesses, internationally.

Our goal is to be the best regional bank in the U.S. What that means is we put our clients needs first and take a customized approach to meeting those needs. At Key we ve made a promise to our clients that they will always have a champion in us. To deliver on that promise, we re committed to building a team of engaged employees who do the right thing for our clients and help them achieve their financial goals each and every day.

Job Description


  • Utilize cash flow, balance sheet, income statements, and tax returns (both personal and business) to determine credit worthiness.

  • Interpret credit data and financial statements to determine the degree of risk involved in extending credit or lending money.

  • Review financial statements and all other relevant financial analysis as well as non-financial data to develop a concise focused analytical foundation for a credit decision.

  • Deep understanding of risk rating models and tolerances.

  • Ensure accurate and timely risk rating of assigned portfolio.

  • Make accurate recommendations in granting loan requests using understanding of credit and risk management concepts.

  • Exercise loan authority on all extensions of credit (Loans, lines, restructure, transaction services) up to $5 million. Loan authority will be based on experience level and size and/or type of credit treatment.

  • Respond promptly to loan structuring request to determine feasibility and nature of analysis to be conducted. Identifies critical issues, Make Proceed/Stop decision within approval limits.

  • Partner with appropriate Credit Managers on complex deals and/ or deals outside of his/her area of expertise.

  • Provide direct feedback and guidance when edits are required.

  • Communicate status of credit decisions to analyst and associate team members.

  • Assist Relationship Manager with AQR process,

  • Direct the development of portfolio management strategies for given industries or clients.

  • Closely monitors all asset quality measures including performance against tolerances.

  • Ensure the proper utilization of credit systems and technology.

  • Ensure timely identification of deteriorating credits and manages transfer of credits to Loan Administration/Asset Recovery Group.

  • Ensure group measures are within tolerances or that appropriate plans are in place to achieve tolerances.

  • Fully proficient in Key's various loan systems

  • Ensure effective partnerships to determine appropriate financing solutions. Approves/Declines (as appropriate) and notifies team members as warranted.

  • Advocate risk culture with banking professionals.

  • Promote a credit culture based on strong asset quality.

  • Partner with bankers - in all disciplines - to think strategically in new business efforts.

  • Facilitate communication between the hub and banking professionals.

  • Keep abreast of industry and market trends and communicates these trends to peers as well as Segment Credit Officers and Credit Risk Leader where appropriate.

  • Responsible for being both player and coach to analysts and associates on the team.

  • Periodic assignments related to the constantly changing risk management environments.


  • Undergraduate degree in accounting, finance, economics or related field or equivalent work experience

  • At least 8 years financial lending/credit experience which should include experience through one complete economic cycle

  • Demonstrated high level of financial acumen, interpersonal skills, and decision/solution effectiveness

  • Effective communication skills

  • Commitment to core values; Teamwork, Respect, Accountability, Integrity, Leadership

  • Line of business experience is desired

  • Experience with multiple types of lending (e.g. middle market, private banking, specialty lending) and multiple economic cycles is preferred

  • Willingness to consider relocation across Key's footprint


KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

JobID: 44101BR