Manager Credit Risk Review at Webster, a leading commercial bank, focusing on credit quality and loss exposure assessment. Responsible for conducting credit risk reviews and managing the review team.
Responsibilities
Conduct credit risk reviews in accordance with CRR policy and procedures
Primary responsibility for managing all aspects of assigned reviews including planning, fieldwork and recommending appropriate ratings and formal recommendations as needed
Manage reviews/review team on an independent basis; may complete specialized reviews on an individual basis
Verify work of other reviewers and assure consistency
Complete reviews within established time frames
Maintain specific areas of subject matter expertise (i.e. CRE, C&I, Sponsor & Specialty, ABL, Equipment Finance, Public Finance, Treasury Investments, etc.) and be responsible for the ongoing education of other department members in these areas
Conduct ongoing/continuous monitoring of assigned portfolios per CRR Policy
Evaluate effectiveness of management processes in the various portfolios
Based on results, proactively recommend if change to review frequency is warranted
Interaction with business unit leaders, executive management as well as regulators and auditors
Use credit and financial information to verify the credit worthiness of existing borrowers
Assess adequacy of current risk ratings and accrual status
Assess relationship manager/underwriter compliance with bank policy
Verify the adequacy and completeness of credit files
Provide consultative feedback to relationship managers and unit managers relative to credit/loan quality issues arising from reviews
Participate in the development and training of less experienced team members
Assist with the completion of summary reports for executive management and Risk Committee.
Requirements
Bachelor’s degree in Finance, Accounting, or Economics, or equivalent
Graduate degree or Professional certification a plus
7+ years of experience working in financial institutions or regulatory supervisory positions
Strong commercial financial statement analysis and experience with risk rating methodologies
Understanding of commercial credit process such as loan origination, underwriting, credit policies, and portfolio management.
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