Credit Risk Manager (Fund Banking)

Valley National Bank; New York (NY); On-site; USD 65,000 - 90,000; Full time

Job summary

Valley National Bank in New York is seeking an Underwriter to manage new prospective transactions and renewals. Responsibilities include conducting due diligence, preparing credit presentations, and ensuring compliance with loan agreements while monitoring portfolios.

The ideal candidate will have strong analytical skills and experience in risk management. This role plays a crucial part in maintaining ongoing client relationships and overseeing credit risk.

Responsibilities

• Underwrites and structures new prospective transactions.
• Conducts due diligence and analysis, produces credit presentations.
• Maintains compliance with loan agreements and reporting requirements.
• Validates and analyzes financial reports for compliance.
• Prepares quarterly reports including Loan Monitoring Reports.

Job description

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.