Senior Credit Risk Assessment Analyst

1 week ago


Fair Lawn, New Jersey, United States Columbia Bank Full time
Job Overview

Position Summary

The Senior Credit Risk Assessment Analyst is responsible for executing thorough evaluations of various new and existing loans, with a primary focus on intricate transactions and relationships within the commercial sector. This role involves analyzing creditworthiness, assessing collateral and guarantor support, and reviewing documentation to ensure compliance with the Bank's lending standards. The analyst will identify and report on trends and risks present in the Bank's loan portfolio and assist in the creation of credit risk management reports for the Board, as well as portfolio stress testing.

Key Responsibilities:

Credit Evaluations

  • Conducts independent and comprehensive evaluations of complex credits to assess underwriting quality and creditworthiness within the commercial loan portfolio.
  • Examines the financial health of borrowers, their repayment capabilities, collateral valuations, and credit appraisals.
  • Ensures adherence to the Bank's lending policies and relevant federal regulations.
  • Reviews loan documentation to confirm that all necessary information is complete and accurate.
  • Validates the precision of existing commercial loan grades in line with the Bank's grading criteria.
  • Communicates findings to the Director of Credit Risk Assessment.
  • Analyzes risk trends within portfolios based on evaluation outcomes and offers recommendations for enhancements.

Quality Assurance and Leadership

  • Coordinates the selection of samples and assigns tasks between internal and external resources in collaboration with the Director of Credit Risk Assessment. Acts in the Director's capacity during their absence.
  • Reviews loan assessment documentation prepared by junior Credit Risk Assessment staff for accuracy before distribution to loan officers and senior management.
  • Mentors and trains junior analysts, fostering their professional development.
  • Evaluates the work of third-party loan review consultants to ensure the accuracy of reports and compliance with the Internal Asset Review Policy and Credit Risk Assessment procedures.

Reporting and Analysis

  • Monitors, analyzes, and reports on documentation and condition exceptions based on quarterly evaluations.
  • Prepares and disseminates the monthly documentation and condition exception report, overseeing the resolution of outstanding issues through communication with retail and commercial lending staff.
  • Collaborates with the Director of Credit Risk Assessment to prepare board-level credit risk management reports, covering areas such as concentration, policy exceptions, and stress testing.
  • Provides support to other risk management areas with credit-related analyses.

Regulatory Compliance and Due Diligence

  • Stays informed about industry regulations, market conditions, and Bank policies to ensure compliance throughout the underwriting and credit administration processes and to evaluate risks in credit transactions.
  • Participates in due diligence efforts for potential acquisitions as necessary.

Additional Duties

  • Performs other job-related responsibilities as assigned.

Qualifications:

  • Bachelor's Degree in Banking, Finance, Economics, Accounting, or Business Management.
  • 6+ years of relevant experience in Commercial Credit Underwriting, Portfolio Management, Loan Review, or regulatory experience with a focus on commercial credits.
  • In-depth knowledge of commercial lending practices, particularly in Commercial and Industrial Lending; familiarity with consumer and residential mortgage lending is advantageous.
  • Strong commercial credit analytical skills, supported by formal credit and cash flow training; formal credit training is preferred.
  • Ability to lead, train, and mentor junior analysts within the department.
  • Excellent verbal and written communication skills.
  • Capability to manage multiple projects concurrently.
  • Strong interpersonal and time management skills.

Columbia Bank and its affiliates are Equal Opportunity Employers.

Affirmative Action Employer/Males/Females/Protected Veterans/Individuals with Disabilities.



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