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Credit Risk Manager (Fund Banking)

Valley National Bank

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At a glance

Compensation
No compensation found
Location
NEW YORK, NY
Work Authorization
Not specified

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Job overview

The Credit Risk Manager (Fund Banking) underwrites and structures new transactions and changes to existing loans, conducts due diligence and credit analysis, and presents requests for approval. The role monitors portfolio performance, loan terms, reporting, collateral, and client deliverables; validates financial and third-party reports; and escalates issues while developing action plans. It also advises on credit policy and risk appetite and prepares quarterly portfolio reports.

Skills & qualifications

RequiredNice to have

Skills

Credit UnderwritingLoan StructuringRisk AnalysisDue DiligencePortfolio MonitoringFinancial Statement AnalysisCollateral AnalysisCredit Risk Rating

Full job description

Responsibilities include but are not limited to: * Underwrites and structures new prospective transactions as well as renewals, extensions, increases, and material modifications and amendments for existing clients. * Participates in external client meetings as well as internal deal team discussions and approval discussions with senior management. Identifies, outlines, and mitigates risks associated with potential lending opportunities, advises on all matters related to the Bank's Credit Policy and related procedures, and provides guidance on loan structures and risk appetite. * Performs the required due diligence and analysis, produces the credit presentation in accordance with guidelines and policy while ensuring timely completion of the underwriting, presents credit requests to the required level of credit authority. * Maintains oversight via internal reporting and dashboards of all ongoing portfolio monitoring requirements and client deliverables as well as compliance with all terms of the loan agreement including (i) financial reporting, (ii) covenant compliance, (iii) collateral monitoring, (iv) required third party reports, (v) annual reviews, and (vi) maturing loans and lines of credit. In coordination with the business team, maintains direct contact with clients as needed for account monitoring and administration and site visits. * Validates and analyzes reports such as financial statements, borrowing base certificates, collateral field examinations, appraisals, engineering reports, etc. to verify compliance. Escalates issues to appropriate levels and develops action plans as necessary. * Ensures credits are accurately risk rated and are properly monitored and reported. * Prepares all required quarterly reports and analysis including Criticized Loan Monitoring Reports as well as other portfolio management reports as required. * Participates in special projects and requests related to the management of the portfolio.Valley National Bank is an Equal Opportunity / Affirmative Action Employer. All qualified applicants are encouraged to apply, and will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or other legally protected characteristics, and will not be discriminated against on the basis of disability.

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