Welcome to PeoplesBank! We are the largest mutually chartered bank in Western Mass and Northern Connecticut and a leader in green values, sustainable energy financing, and charitable giving. We operate in the best interest of our customers and strive to be an inclusive and engaging work environment. We offer excellent compensation, workplace flexibility, and a competitive benefits package to our associates. Our award-winning culture has earned us recognition as Best Place to Work and Best Local Bank. Come join our team of dedicated and innovative individuals and contribute to our dynamic, successful organization.
Summary: Works with First Vice President – Risk Oversight to establish and maintain a Credit/Financial Risk Management oversight program, to provide credit/financial risk monitoring, analysis and reporting which aids in the early detection and mitigation of credit/financial risk within the organization. Contributes to the overall Risk Management team by sharing knowledge and expertise, contributing to sound decisions, acting as a trusted adviser to the business, developing and maintaining productive internal and external relationships.
Essential Duties and Responsibilities
- Work collaboratively with Lending and Finance areas to monitor and identify current and emerging credit/financial risks to the bank.
- Develop, implement, and manage an efficient, consistent and repeatable process for gathering, monitoring, analyzing and reporting credit/financial risk to the Business Line, Senior Management and the Board of Directors.
- Develop and maintain core credit/financial risk analytics and monitoring framework, which is based upon meaningful KRI’s and KPI’s, trends, metrics, limits, etc. using internal data, information and systems (Business Line Performance/Activity Reports, Internal Audit Reports, internal data repositories), as well as external sources (Regulatory reports, UBPR, Call Reports, peer data, REIS, Ibis World, industry journals, etc.)
- Develop and manage credit/financial risk reports, dashboards, heat maps, etc. which identify material risk trends within the Commercial and Retail Portfolios. Periodically present metrics, trends and limits to the Business Lines, Loan Committee, the Audit and Risk Committee and the Board of Directors.
- Oversee and manage credit/financial risk stress testing of loan portfolios on a macro and micro (business line/sector/product) level. Work with FVP – Risk Oversight on annual RFP process and firm engagement for Capital Stress testing and interpretation, analysis and review of the results with Finance, Audit & Risk Committee and the BOD.
- Build-out and manage the Bank’s credit and financial risk assessment process in accordance with the Bank’s developing Enterprise Risk Framework.
- Oversee, research and compile loan portfolio “white papers” as required by Bank policy focusing on key lending sectors, industries and other areas with material credit risk exposure.
- Using information obtained through various portfolio and metrics monitoring results, assist Internal Audit with the development of the periodic Loan Review scope to ensure that emerging trends and key risk areas are included. Review and incorporate Loan Review results into risk assessments.
- Work with the Credit Managers to periodically review and establish credit risk limits which are reflective of the Bank’s credit risk appetite.
- Work with the Business Lines, Finance and Project Management as an advisor on the credit risk impact associated with material credit/lending related to new business strategies, products and initiatives.
- Work with Commercial Credit Underwriters in a collaborative advisory capacity in the development of new credit policies and procedures and to ensure that the policies are aligned with regulatory requirements and risk appetite. Maintain a library of all risk limits and changes to policy.
- Periodically review and monitor the ALLL, working with the SVP Commercial Lending and Finance Department to ensure that identified credit risk trends are adequately considered in the calculation of the Allowance for Loan and Lease Loss (ALLL).
- Attend and present at periodic Loan Committee, Watched Asset Meetings, Commercial Contingency Plan Committee, Loan Pricing, ALCO and Commercial Policy Subgroup meetings to monitor trends and inform credit risk view.
- Completes all yearly compliance training and testing and complies with bank, federal, and state regulations. Complies with Bank Policies and Procedures. Adheres to departmental and bank-wide service standards.
Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
Education and/or Experience: College Degree - Degree in Finance/Accounting/Risk Management preferred. 7+ years’ experience working in Financial/Business Risk Analysis, Commercial Lending, Portfolio Management Credit Analysis Experience.
Skills needed:
- Experience working in a risk oversight related role at regulated Bank; understanding of a regulatory environment.
- Strong interpersonal communication and presentation skills (written and verbal); collaboration and relationship building.
- Experience with engaging with Executive Management and the Board of Directors.
- Experience in evaluating and monitoring investment portfolios and counterparty credit risk.
- Excellent time management and organization.
- Critical thinking, financial acumen and strong analysis skills.
Certifications, Licenses and/or registrations: Formal Credit Risk Training, CFA (desirable but not required), CRM (desirable but not required).
Computer Skills: Microsoft Office, Advanced Excel Skills, LoanVantage, LogicManager, Sisense.
Work Environment and Physical Demands:
The working conditions and physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the associate is regularly required to sit, use hands to sort, write and keyboard, and to listen and speak. The associate is frequently required to reach, walk, stoop, crouch. The associate is occasionally required to stand, lift, bend, drive and travel.
