[Hiring] Credit Risk Review Director @Eastern Bank

Role Description

The job’s mission is to provide the Bank with an independent mechanism to assist in early detection of loan problems, assurance of accurate loan ratings, an independent assessment of CECL data, monitor compliance with policies, procedures and regulations, and assurance of proper portfolio administration.

• Risk Plan:
  • Responsible for the planning, execution, and reporting of credit risk across Eastern Bank’s loan portfolios.
  • Independently monitors and assesses credit risk ensuring compliance with policies, procedures, regulations, and best practices.
  • Oversee the execution of the Risk Plan including Continuous, Targeted, and Horizontal reviews of all types of commercial loans and commitments.
  • Ensure efficient and effective execution of the Risk Plan within budget and timelines.
  • Engages in strategic planning and monitors remediation's.
  • Recommends policy and procedural changes to executive management to correct deficiencies identified during credit reviews.
  • Identifies emerging issues and trends to inform decision-makers.
  • Maintains expert knowledge of Bank credit policies and procedures.
• Credit Risk Reporting:
  • Oversees the delivery of high-quality reviews with minimal disruption to the business.
  • Identifies where corrective actions are required and ensures they are taken.
  • Responsible for ongoing reporting including Commercial Management Reports, Resolutions Reports, and more.
  • Annual reporting includes Fannie Mae and Freddie Mac annual certification.
• Talent Development:
  • Initiates professional development to stay informed on credit products and structures.
  • Provides guidance and oversight while fulfilling supervisory responsibilities.
  • Responsibilities include writing performance evaluations, interviewing, hiring, coaching, and training team members.
  • Helps in the development of credit risk review staff.
• Governance:
  • Maintains Credit Risk Review policies to ensure compliance with regulatory requirements.
  • Develops and maintains in-depth knowledge of business and related risk management requirements.
  • Identifies, develops, and administers credit risk control framework activities.
  • Assists with interpretations of new or changing regulations.
• Special Projects and Other:
  • Conducts confidential due diligence reviews of potential acquisition or merger institutions.
  • Plans for resources, budget oversight, and monthly ACD reporting.
  • Takes part in special projects and monitors the Control Design Process for SOX controls.
• Process Improvements:
  • Identifies process workflows and constraints, recommending solutions to improve productivity.
• Problem Solving & Decision Making:
  • Engages in difficult conversations with senior management and team leaders.
  • Manages multiple engagements and projects simultaneously.

Qualifications

• Bachelor’s degree and formal credit training required.
• Strong working knowledge of risk and/or credit risk management and control frameworks.
• Proven credit risk review or commercial underwriting abilities with 15+ years’ experience.

Requirements

• Strong knowledge of applicable laws, regulatory requirements, and compliance rules.
• Ability to present well-formed and supported opinions to senior management.
• Must be able to prioritize and organize assignments and meet strict deadlines.
• Expert knowledge of Commercial lending and credit analysis.
• Proven credit risk manager with an excellent track record.
• Project management skills related to risk management projects.
• Proficient in Microsoft Word and Excel.
• Strong verbal and written communication skills.

Benefits

• Comprehensive compensation plans.
• Benefits program called Total Rewards including medical, dental, vision, life and disability insurance.
• Retirement, vacation, and tuition reimbursement.

Company Description

At Eastern Bank, we pride ourselves on supporting our employees by offering tremendous opportunity for individual growth. As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential.

We are dedicated to building a diverse, equitable, inclusive and authentic workplace.