Manager, Quality Performance
Stellar Health
Manager, Credit Risk Review
Webster Bank
full-time
Posted on:
Location Type: Hybrid
Location: Southington • Connecticut, New Jersey, New York • 🇺🇸 United States
Visit company websiteSalary
💰 $120,000 - $130,000 per year
Job Level
SeniorLead
About the role
- 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
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
credit risk reviewsfinancial statement analysisrisk rating methodologiesloan originationunderwritingcredit policiesportfolio managementcredit worthiness assessmentcredit file verificationconsultative feedback
Soft skills
managementindependent workteam leadershipcommunicationtrainingproactive recommendationinteraction with executivesfeedback provisionsubject matter expertisetime management
Certifications
Bachelor’s degree in FinanceBachelor’s degree in AccountingBachelor’s degree in EconomicsGraduate degreeProfessional certification
