Veridian National Search Hiring for Capital and Credit Risk Manager Job at Chelmsford, MA Full Time

Capital and Credit Risk Manager
$9B Financial Institution – NW of Boston

The Sizzle:

• Primary office is NW of Boston, occasional visits to HQ for meetings expected
• Great benefits & work life balance
• Top activities:

o CECL implementationo Portfolio management and analysiso Capital planning and stress testing

Minimum Education & Experience: * 4-year college degree (Business, Finance, Accounting, Mathematics, Economics or other related field of study).

• An MBA, CFA, CPA or masters is a plus
• Minimum 6 years of experience in either one or more of the following – loan/credit review, commercial lending, credit administration, loan workout, and/or credit analysis at a financial institution or bank regulatory experience, experience with DFAST, CCAR, and/or liquidity management, and model/financial analysis development
• Minimum 5+ years of managerial experience

Job Responsibilities and Duties:

• Responsible for creating and applying credit, liquidity, and capital stress testing analytics and methodologies within the guidelines and expectations of State and Federal regulatory agencies
• Develop capital planning framework consistent with the unique exposures, activities, and risks that is consistent with strategic, credit, and capital plans
• Develop stress testing calendars and liaise with functions across the organization in order to ensure timely receipt of stress testing deliverables, document processes and procedures involved in regular stress testing, interact on a regular basis with other areas regarding scenario development and deliverables, analyze stress test results and complete required templates and reporting
• Work with other business areas to develop policy and procedures to guide credit, liquidity, and capital planning actions under potentially severe adverse economic condition
• Work with other areas to ensure that the data being collected and utilized in the stress testing program is sufficient and accurate
• Coordinate the execution of the stress testing programs. The individual will be responsible for the consolidation and reporting of stress test result
• Develop and execute ad hoc stress tests as requested by Senior Management
• Perform a deep dive and monitoring of credit policies and procedures in place to drive credit risk optimization and mitigation strategies. Propose credit union credit risk strategic directions to enable better member experience and improve efficiencies
• Drive monitoring and analyses of credit risk on the credit union’s portfolios providing insights on root causes, emerging credit trends and implications on the allowance for loan losses
• Perform credit risk monitoring and prepare management reporting on the loan portfolios to analyze risk trend and identify root cause, including originations volume / quality, portfolio risk migration and performance, industry risk benchmarking and auto vs. manual underwriting performance and exceptions. Ensure adequate level of loss provision and analyze actual vs. forecast variance by using portfolio risk monitoring
• Develop portfolio analyses and risk metrics meeting regulatory stress testing requirements; prepare documentation and presentation material
• Scenario design for BAU (Business as Usual) and similar to CCAR (Comprehensive Capital Analysis and Review); Participate in the ongoing development, implementation and upgrade of risk systems
• Collaborate with the entire various business areas and Accounting, prepare loss forecasts using LGD and specific reserves for defaulted loans
• Identify and recommend improvements to the credit process to achieve an acceptable return
• Provide risk analytics to support credit or new product expansion. Support ad-hoc analyses or projects as needed
• Communicate with loan officers, senior management, auditors, and banking regulators
• Prepare reports of examination for distribution and present a strong, well-communicated executive summary
• Remain current on credit union policies, regulatory requirements, current trends, and specific industry issues
• Verify the accuracy of underlying loan documentation
• Partner with key stakeholders in various groups/areas/departments to identify areas of opportunity and spearhead lending initiatives
• Minimizing credit risk exposure and adapting to changing economic and regulatory environment
• Serve as mentor to analysts by training and assisting in the development of skills
• Perform other job-related duties as assigned by Managers(s)

Please check out some of our other job openings at: https://veridianns.com/jobs/

Job Type: Full-time

Pay: $125,000.00 – $140,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Physical setting:

• Office

Schedule:

• Monday to Friday

Supplemental pay types:

• Bonus pay

Education:

• Bachelor’s (Required)

Work Location: One location