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Real Estate Risk Reviewer

Location Johnston, Rhode Island Req. Number199326 Category Risk Management, Compliance, Property Services Full/Part Time F Shift 1st Shift

Description

Perform independent reviews of third-party reports on commercial property addressing environmental, flood, property condition and/or construction/seismic risk including memorializing such review in a comprehensive written format for the benefit of internal customers (Relationship Managers/Portfolio Managers; Credit Officers). 


Primary responsibilities include: 

  • Ascertain compliance of environmental, flood, property condition and/or construction/seismic reports with the applicable CFG scope of work and federal regulatory requirements and guidance.

  • Identify and quantify (if possible) the risk associated with the real estate collateral and provide any risk mitigants if available.

  • Research market data and complete independent research as needed on a transactional basis to conduct a validation or confirm the assumptions, findings and conclusions of the third-party vendor.

  • Direct, robust, and independent interaction with RMs/PMs, external vendors, Real Estate Risk Services (RERS) Analysts and RERS Senior Reviewers concerning individual RERS projects completed on a transactional basis including: interpretation of formal RERS requests submitted by RMs/PMs; interpretation of regulatory and policy requirements applicable to a particular transaction; scoping of the assignment; and, selection of the most appropriate vendor for the prospective project based upon licensing, experience, competency, familiarity with the property type, etc.

  • Assist in engagement of third-party vendors with respect to vendor selection, report type, report content, report format and contract authorization in accordance with master professional services agreements and bank policies and procedures.

  • Interact with senior management of Commercial Credit Risk and Commercial Lending regarding completed projects especially for those properties that represented a higher degree or real estate risk or otherwise have identified environmental, flood, property condition and/or construction/seismic issues or concerns.

  • Provide direct, responsive customer service to external vendors and internal customers (i.e., RMs/PMs/Division Executives/Credit Officers) that RERS supports and serve as the primary liaison and point-of-contact with both internal customers and external vendors with regard to regulatory requirements, identification and explanation of any issues of concern, and development/application of any potential risk mitigants.

Qualifications

Required Skills/Experience: 

  • Minimum of 5 years experience in a financial institution or consultancy addressing real estate issues related to environmental, flood, property conditions and/or construction/seismic risk

  • Excellent written and verbal communication skills

  • Willingness to learn new aspects of real estate-related risk 

Education, Certifications and/or Other Professional Credentials: 

  • Bachelor's Degree (Required) in geology, resource development, environmental policy or affairs, construction management, or real estate management

  • Master's Degree (Preferred) in real estate finance, law degree or MBA 

Hours and Work Schedule


Hours per Week: 40

Work Schedule: Monday-Friday

Why Work for Us

At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth.

Equal Employment Opportunity

It is the policy of Citizens Bank to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, marital or domestic partner status, or any other category protected by federal, state and/or local laws.

Equal Employment and Opportunity Employer/Disabled/Veteran

Citizens Bank is a brand name of Citizens Bank, N.A. and each of its respective subsidiaries.