Credit Risk Manager

Valley Bank; New York (NY); On-site; USD 110,000 - 170,000; Full time

Job summary

Valley Bank in New York seeks a skilled Credit Risk Manager to oversee underwriting for new and existing credit transactions with moderate to high complexity. You will assess client diligence, structure loans, and compile underwriting packages for approval.

In this role you will monitor portfolio risk, prepare quarterly reports, and work with deal teams and senior management to ensure policy compliance and accurate risk rating.

Qualifications

• Demonstrates a strong understanding of policies and procedures, underwriting guidelines and RACs.
• Strong knowledge of credit underwriting, financial accounting and loan documentation.
• Strong knowledge of how a deal should be structured and comfortability with conversing this structure to lenders.
• Strong computer skills using Microsoft Word, Excel and Outlook.
• Strong level of interpersonal and social skills needed to interact with loan officers, administrative staff and customers.
• Ability to manage time efficiently.
• Strong mathematical skills.
• Strong credit skills.
• Ability to write reports and business correspondence.
• Ability to effectively present information and respond to questions.

Responsibilities

• Underwrites and structures new prospective transactions as well as renewals, extensions, increases, and amendments for existing clients.
• Participates in external client meetings as well as internal deal team discussions and approval discussions with senior management.
• Performs the required due diligence and analysis, produces the credit presentation and presents requests to credit authority.
• Maintains oversight via internal reporting and dashboards of portfolio monitoring and client deliverables.
• Validates and analyzes reports to verify compliance and escalates issues as needed.
• Ensures credits are properly risk rated and monitored.
• Prepares quarterly reports and portfolio management analyses.
• Participates in special projects related to portfolio management.

Skills

Credit underwriting

Financial accounting

Deal structuring

Interpersonal skills

Time management

Report writing

Presentation skills

Analytical skills

Education

High School diploma or GED

Bachelor's degree preferred

Tools

Microsoft Word

Microsoft Excel

Microsoft Outlook

Job description

At Valley Bank, we believe in people's growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we've been the Bank that clients from every industry turn to for our expertise, strategies, and advice--building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth--with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US.

At Valley, we're all driven by an ambition that goes deeper than just having a job. That's why when you work for us, we make it our goal to help you focus on what drives you--working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we're a relationship bank built for growth, that's not just reserved for our clients--that includes all our associates as well.

The Credit Risk Manager is responsible for all underwriting activities related to new and existing credit transactions with moderate to higher complexity including client diligence, structuring, and the required analysis and preparation of the underwriting package.

Responsibilities Include But Are Not Limited To

• Underwrites and structures new prospective transactions as well as renewals, extensions, increases, and material modifications and amendments for existing clients.
• Participates in external client meetings as well as internal deal team discussions and approval discussions with senior management. Identifies, outlines, and mitigates risks associated with potential lending opportunities, advises on all matters related to the Bank's Credit Policy and related procedures, and provides guidance on loan structures and risk appetite.
• Performs the required due diligence and analysis, produces the credit presentation in accordance with guidelines and policy while ensuring timely completion of the underwriting, presents credit requests to the required level of credit authority.
• Maintains oversight via internal reporting and dashboards of all ongoing portfolio monitoring requirements and client deliverables as well as compliance with all terms of the loan agreement including (i) financial reporting, (ii) covenant compliance, (iii) collateral monitoring, (iv) required third party reports, (v) annual reviews, and (vi) maturing loans and lines of credit. In coordination with the business team, maintains direct contact with clients as needed for account monitoring and administration and site visits.
• Validates and analyzes reports such as financial statements, borrowing base certificates, collateral field examinations, appraisals, engineering reports, etc. to verify compliance. Escalates issues to appropriate levels and develops action plans as necessary.
• Ensures credits are accurately risk rated and are properly monitored and reported.
• Prepares all required quarterly reports and analysis including Criticized Loan Monitoring Reports as well as other portfolio management reports as required.
• Participates in special projects and requests related to the management of the portfolio.

Required Skills

• Demonstrates a strong understanding of policies and procedures, underwriting guidelines and RACs.
• Strong knowledge of credit underwriting, financial accounting and loan documentation.
• Strong knowledge of how a deal should be structured and comfortability with conversing this structure to lenders.
• Strong computer skills using Microsoft Word, Excel and Outlook.
• Strong level of interpersonal and social skills needed to interact with loan officers, administrative staff and customers.
• Ability to manage time efficiently.
• Strong mathematical skills.
• Strong credit skills.
• Ability to write reports and business correspondence.
• Ability to effectively present information and respond to questions.

Required Experience

• High School diploma or GED.
• Minimum of 5 years of experience in a commercial lending environment in a credit-oriented and underwriting position.

Preferred Experience

• Bachelor's degree and completion of a formal credit training program.