Credit Risk Manager

Valley National Bank•Tampa, FL

About The Position

The Credit Risk Manager underwrites and structures new prospective transactions and renewals, extensions, increases, and material modifications or amendments for existing clients. The role participates in client meetings, deal-team discussions, and credit approval discussions with senior management. It identifies and mitigates lending risks, advises on the Bank’s Credit Policy and procedures, and provides guidance on loan structures and risk appetite. The position conducts due diligence and analysis, prepares credit presentations in accordance with guidelines and policy, completes underwriting in a timely manner, and presents credit requests to the appropriate credit authority. It oversees ongoing portfolio monitoring, client deliverables, and compliance with loan-agreement terms, including financial reporting, covenants, collateral, third-party reports, annual reviews, and maturing loans and lines of credit. In coordination with the business team, it contacts clients as needed for account monitoring, administration, and site visits. It validates and analyzes financial statements and other reports, escalates issues, develops action plans, ensures accurate risk ratings and monitoring, prepares quarterly and other portfolio reports, and participates in portfolio-management projects and requests.

Requirements

High school diploma or GED.
At least 5 years of experience in a commercial lending environment in a credit-oriented and underwriting position.
Strong understanding of policies, procedures, underwriting guidelines, and RACs.
Strong knowledge of credit underwriting, financial accounting, and loan documentation.
Strong knowledge of deal structuring and ability to communicate structures to lenders.
Strong computer skills using Microsoft Word, Excel, and Outlook.
Strong interpersonal and social skills for interacting with loan officers, administrative staff, and customers.
Ability to manage time efficiently.
Strong mathematical, credit, and administrative skills.
Ability to write reports and business correspondence.
Ability to effectively present information and respond to questions.

Nice To Haves

Bachelor’s degree.
Completion of a formal credit training program.

Responsibilities

Underwrite and structure new prospective transactions and renewals, extensions, increases, and material modifications or amendments for existing clients.
Participate in external client meetings, internal deal-team discussions, and approval discussions with senior management.
Identify, outline, and mitigate risks associated with potential lending opportunities.
Advise on matters related to the Bank’s Credit Policy and procedures, and provide guidance on loan structures and risk appetite.
Perform due diligence and analysis; prepare credit presentations in accordance with guidelines and policy; complete underwriting in a timely manner; and present credit requests to the required level of credit authority.
Monitor portfolio requirements and client deliverables, including compliance with loan-agreement terms covering financial reporting, covenants, collateral, third-party reports, annual reviews, and maturing loans and lines of credit.
Coordinate with the business team and maintain direct client contact as needed for account monitoring, administration, and site visits.
Validate and analyze financial statements, borrowing base certificates, collateral field examinations, appraisals, engineering reports, and other reports to verify compliance.
Escalate issues to appropriate levels and develop action plans as necessary.
Ensure credits are accurately risk rated and properly monitored and reported.
Prepare required quarterly reports and analysis, including Criticized Loan Monitoring Reports, and other portfolio-management reports as required.
Participate in special projects and requests related to portfolio management.