Hybrid Manager, Credit Risk Review

at Webster Bank

• Job title: Manager, Credit Risk Review
• Job type: Full Time
• Experience level: Senior, Lead
• Salary: $120,000 - $130,000 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Southington, United States

About the role

• 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.

Benefits

• health insurance
• retirement plans
• paid time off
• flexible work arrangements
• professional development opportunities
• incentive compensation