Senior Commercial Credit & Risk Manager

Savings Bank of Danbury

Danbury (CT)

On-site

USD 120,000 - 180,000

Full time

14 days+

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Job summary

Savings Bank of Danbury in Danbury, CT, seeks a seasoned Credit Manager to lead the Bank’s commercial credit risk framework, approve large loans, and ensure adherence to laws and internal policies. You will supervise credit analysis, guide staff, review risk limits, and coordinate with legal and operations to close transactions while maintaining regulatory compliance.

The role requires a bachelor’s degree and 10+ years of credit experience, with strong analytical skills and proficiency in Word

Qualifications

Bachelor's degree in business or finance.
10+ years experience in credit evaluation and administrative process; leadership preferred.
Ability to interpret financial statements, assess risk, and make informed credit decisions.
Strong financial acumen and analytical skills.
Strong knowledge of regulatory requirements and risk management practices.

Responsibilities

Manage the overall commercial credit risk, credit approvals and commercial loan closings of the Bank, ensuring that lending decisions align with the Bank’s risk tolerance and strategic objectives.
Manage the credit analysis and loan closings functions, assign tasks to the team, review their reports, provide guidance and training oversight.
Ensure that proposed loans and underwriting adhere to existing policy guidelines, and documentation is sufficient to ensure security of collateral.
Review and recommend credit limits, structure loan terms, and monitor borrowing base compliance, and compliance with loan covenants and policy guidelines.
Ensure quality control and accuracy in credit evaluations and loan documentation, and ensure ongoing compliance with the flood insurance regulations, and compliance with other laws and regulations.
Prepare credit approval memorandums, and recommended actions. Performs in-depth credit analysis for new and existing relationships. Primarily, responsible for due diligence and underwriting of the more complex commercial credits.
Determine appropriate loan documentation requirements, and communicate with borrowers, legal counsel, and bank employees to obtain and review due diligence items required to close commercial loans.
Collaborate on developing, maintaining and enforcing credit policies, underwriting standards, and ensuring that all credit related activities comply with regulatory requirements and internal guidelines.
Collaborate on maintaining compliance requirements.
Collaborate on managing the appraisal function.
Serve on special projects teams or task forces as required.